ACS aims to create new businesses while maintaining existing ones to reach $1,000 million in revenue by 2026.
ACS looks to the future and the business segments that will dominate it, without forgetting the past from which the company was born. According to President Florentino Perez, it is the best of both worlds; which will guide its actions in the coming years to achieve the brands set in its strategic plan, which envisage a profit of 1 billion euros and revenue of 43,000 to 48,000 million in 2026.
“The need for a new generation of infrastructure is a general trend”– said the ACS President at a shareholders’ meeting today, adding that the future involves investments in the energy transition, sustainable mobility, digitalization and infrastructure related to health, education and biotechnology, without forgetting the construction of traditional infrastructure.
The importance the company places on next-generation infrastructure is reflected in the fact that 50% of new contracts awarded by the company in 2023 were for this type of project.as stated company director Juan Santamaria.
Among the new business areas in which ACS has grown strongly in recent years is data centers, which have received multiple awards across all of its subsidiaries around the world. Santamaria valued the data centers provided by its US subsidiary Turner in 2023 at 2.6 billion euros. It has already accumulated a further €2.04 billion in the first quarter of 2024.
Similarly, its Australian subsidiary Cimic has won several data center contracts in Hong Kong, the Philippines and Malaysia worth more than €245 million. And in Europe, the group received several such projects in Germany and the Netherlands.
The manager emphasized that all these new strategic projects for the future of the company will also improve it accelerating risk reductiondue to its collaborative or service nature, which was influenced by Florentino Pérez in the same way.
Concessions
In the area of ”traditional” ACS wants strengthen its position in the field of concessions and expansion of activities in the infrastructure sector, as well as expanding infrastructure development in high-growth markets. In the concession sector the group’s growth platforms Abertis and from Iridium. As Santamaria highlighted, Abertis provides a unique platform for creating value in the concessions market and has a unique opportunity to expand its portfolio of projects through the expansion of current assets and new investments in stable markets.
Speaking about Abertiz, Florentino Perez took the opportunity to highlight the “great relationship” he has with Mandis (formerly Atlantia), its Italian partner, owned by the Benetton family and with whom it shares equal shares of the concessionaire’s capital.
The ACS President highlighted the strengthening of its alliance with the Italian company, renewing a strategic cooperation agreement that will support its investments in next-generation infrastructure, in particular highway concessions, one of the main pillars of future growth. And all this while maintaining “very low debt levels similar to current ones.”