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April 28, 2013
13:44 EDTICAEmpresas ICA reports reports Q1 EP/ADS 9c vs 42c in 1Q12
Reports Q1 revenue Ps. 6,909M, a decrease of 27% from 1Q12. Construction revenue decreased 41% as a result of the transition to new large projects that are just getting underway, while concessions revenues and Airports revenues grew 81% and 12%, respectively.The results for the first quarter of 2013 reflect the transition between the completion of existing large scale projects and the start up of new ones, which reduced Construction revenues and margins. This was partially offset by the strong performance of Concessions, based on the start of operations of four consolidated concessions in late 2012, and continued strong performance from Airports. ICA expects that full year 2013 revenues will rebound and increase an estimated 9% to 12%, compared to 2012. Construction revenue is expected to recover in the second half of the year, while Concessions and Airports are expected to continue their growth dynamic. ICA also expects to generate an Adjusted EBITDA margin approximately equivalent to 2012, and be in the range of 13% to 16%.
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November 10, 2014
08:28 EDTICAEmpresas ICA awarded Ps. 1.09B contract for deepwater technology center
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