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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Formento de Construcciones y Contratas
Formento de Construcciones y Contratas (FCC) investor relations material
Formento de Construcciones y Contratas Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
9M revenue reached €7,976.5m, up 13.1% YoY; growth was led by Construction, followed by Environment and Water.
EBITDA was €1,147.7m, up 8.4%, with a 14.4% margin versus 15.0% a year earlier.
Attributable net profit rose 46.6% to €230.0m, including a €40.4m positive exchange-difference impact versus a €61.8m negative impact in 9M 2025.
Backlog grew 8.6% from December 2025 to €56,058.7m, led by Water.
Financial highlights
International revenue rose 14.8% to €4,029.1m, representing 50.5% of revenue; Spain revenue increased 11.4% to €3,947.4m.
Equity increased 3.5% from December 2025 to €4,907.2m; equity attributable to the parent rose 1.4% to €3,533m.
Outlook and guidance
Performance was described as stable and aligned with forecasts; Water results were also characterized as aligned with forecasts.
Construction margins were aligned with the work plan reviewed regularly across reporting periods.
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Latest events from Formento de Construcciones y Contratas
- Revenue grew 17.1%; Cement and Construction gains lifted earnings as working capital strained cash flow.FCC
Q4 2023 - Revenue up 13.2% and net profit up 58.7%, with backlog reaching €54.96 billion.FCCQ2 2026
- Revenue up 10% and net profit up 11.9% year-over-year, with backlog reaching €54.2bn.FCCQ1 2026
- Revenue up 6.9% to EUR 9.7bn, net profit down 62%, net debt down 23%, backlog up 11.4%.FCCQ4 2025
- Revenue and EBITDA grew, but net profit fell sharply on currency and one-off impacts.FCCQ3 2025
- Revenue and EBITDA grew strongly, but net profit fell sharply on divestments and one-offs.FCCQ2 2025
- Revenue and EBITDA rose on strong Water and Environment growth and major acquisitions.FCCQ3 2024
- EBITDA up 14.6% and backlog up 6.3%, but net profit fell sharply on spin-off and FX losses.FCCQ1 2025
- Revenue up 10.4% and EBITDA up 11.7%, but net profit down 27% after carve-out.FCCQ4 2024
Next Formento de Construcciones y Contratas earnings date
Q4 202627 Feb, 2027
Formento de Construcciones y Contratas
Next Formento de Construcciones y Contratas earnings date
Q4 202627 Feb, 2027
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Frequently asked questions
FCC, Fomento de Construcciones y Contratas, S.A., is a Spanish multinational company primarily engaged in infrastructure development, environmental services, and water management. Its construction division undertakes civil engineering projects, including roads, bridges, and railways, as well as residential and non-residential buildings. The environmental services segment provides waste collection, treatment, and recycling services, while also managing urban sanitation and maintenance. FCC's water management services encompass the entire water cycle, from supply and treatment to distribution and wastewater management. The company operates across various markets, including Europe, Latin America, and the Middle East. The company is headquartered in Madrid, Spain, and its shares are listed on the BME.