The FCC Group's construction area increased its revenues in the first nine months of 2024 by 4.4% to 2,137.8 million euro. The growth in revenues can be explained by the development of industrial projects (renewable energy and gas plants) as well as the positive execution of road and railway projects that the area is building in the different countries where it operates. 

Geographically, turnover in Spain increased by 7.3% to 878.1 million euros, supported by greater activity in industrial projects, especially in the development of solar installations, such as those in Guillena and Tagus 380. In Europe, turnover grew by 29.9% to 614.9 million euros, mainly supported by progress on the A-465 motorway in the United Kingdom, the A-9 in the Netherlands and the Sotra Bridge project in Norway, which account for a large part of European revenues. In the Middle East and Australia, the area increased revenues by 59.5% to 192 million euros, largely driven by the NEOM railway line in Saudi Arabia and the Riyadh Metro.

Gross operating profit was down slightly by 1.2% compared to the same period in 2023 to €121.4m. 
The higher proportion of industrial projects together with the completion of certain international works, with a higher relative contribution margin, resulted in an operating margin of 5.7%, three tenths of a percentage point lower than in the same period of 2023.

The project backlog performed positively as a whole, with an increase of 5.3% compared to December last year. The contracting of international projects such as the 490 social housing units in Queensland (Australia) and the extension of the Porto Metro increased by 9%. In Spain, the order book remained stable and with no significant variations.

Operational Milestones and Contracting

• Last September FCC Construcción was awarded a 182 million euro contract to build 490 social housing units in South Cairns, Queensland (Australia). 
• The Cross Fraser Partnership consortium, of which FCC Construcción holds a 33% stake, was selected as Preferred Proposer for the Fraser River Tunnel project (British Columbia), signing a Design Early Works Agreement for the project as a preliminary phase to the cooperative development and execution of one of the largest road infrastructures in Canada. 
• The Department of Infrastructure of Ontario (Canada) awarded the consortium, in which FCC holds a 50% stake, the first development phase of the contract to build new tunnels and stations for the Toronto underground system. This is a project with a total estimated budget of more than 1.6 billion euro, which includes the construction of three kilometres of twin tunnels on Pape Avenue, two underground stations (Pape and Cosburn) and a rail changeover, as well as auxiliary facilities.
• In the first half of the year, the contract for the Rubí line (Casa da Música - Santo Ovidio) on the Oporto Metro (Portugal) entered the portfolio, worth more than 225 million euro for FCC (60% of the consortium).
• In the industrial area, two contracts won in the period stand out. On the one hand, a consortium in which FCC has a 30.2% stake, won more than 260 million euro for the construction of a storage and regasification plant in Stade (Germany), after having completed the initial phase of the preliminary study work on the project. On the other hand, the consortium formed by FCC Industrial (28% stake), won the tender for the deployment of signalling and railway traffic management on the Murcia-Almeria section of the Mediterranean Corridor in Spain, a contract worth a total of 177 million euro.
• Finally, it is worth noting that the Santiago Bernabéu Stadium, designed and built by FCC Construcción, has been recognised as the best stadium in the world in 2024 by the World Football Summit (WFS), the main platform for the world football sector.