ACS has detailed its growth plans in the data center business in which it already has several initiatives in development with a capital (equity) of 3.3 billion euros and an investment (capex) of 8.9 billion euros. These projects, for which it already has the land, have a total capacity of 1.1 GW and are located in Spain (278 MW), Australia (220 MW), the United States (300 MW) and Chile (300 MW). Additionally, the group has an additional potential portfolio of 4 GW in key regions.
The data center segment stands as ACS’s great investment bet for the coming years. In the strategic plan that it presented in spring, it already detailed that it anticipated investments of between 1,000 and 2,000 million euros. The group has identified opportunities on the 2029 horizon worth 284.5 billion euros.
The American Turner and the Australian Pacific Partnership emerge as the group’s main data center drivers for the United States and Asia and Australia, respectively. The company chaired by Florentino Pérez decided a few months ago to create a Turner subsidiary in Europe to replicate its model and in July it agreed to purchase the Irish company Dornan to strengthen this commitment that is already clearly reflected in its figures.
ACS increased its portfolio by 15.5% between January and September, up to 86,555 million euros, after sealing awards during the year for more than 40,000 million euros (+16.1%). Around 50% of awards come from next-generation infrastructure markets driven by strong growth in the digital infrastructure segment, with significant data center contracts across all regions.
ACS obtained an attributable net profit of 605 million euros in the first nine months of the year, which represents an increase of 5% compared to the same period of the previous year, thanks mainly to the good progress of Turner, the US subsidiary that it wants to promote in Europe.
Ordinary profit was 489 million euros, 13.6% higher than a year ago, once the extraordinary elements of the year were excluded: the termination of its contract on the SH-288 highway in Texas (United States), the capital gain accounting in Cimic and the derivatives subscribed on its own shares.
According to its income statement, before extraordinary items, Turner contributed 221 million euros to the profit, Cimic with 149 million, Dragados with 96 million, Hochtief with 23 million, Abertis with 140 million and Iridium with another 11 million.
The gross operating result (ebitda) was 1,679 million euros, 17.9% more than the previous year, at the same time that the project portfolio rose to a new record of 86,555 million euros at the end of September.
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