ACS
Actividades de Construcción y Servicios

Abertis’ revenue reached 4,106 million euros in 2010, representing growth of 5.2% with respect to 2009. All the business areas showed growth in their activity compared to 2009, with the positive development of the Toll roads area, which grew 5.9% with respect to 2009, standing out due to increased traffic in France, slight increases in tolls and the positive impact of changes in the scope of consolidation. The increase in activity, added to greater operating efficiency, means that the company’s net profit was 662 million euros at 31 December, 6.1% above that for 2009. This represents a contribution to the ACS Group by the equity method of 119.3 million euros.

The company’s investment commitment, always following rigorous criteria for selection and required profitability to enable maintenance of a sound capital structure, has enabled its growth and expansion, achieving the figure of 50% of revenue from foreign markets in 2010.

During 2010, Abertis made total investments of 756 million, of which 192 million correspond to maintenance investments while 564 million were for organic expansion. The following can be highlighted among the latter:

• Motorways in France (Sanef) and Spain (more specifically the AP-7 and other motorways) for the expansion of carriageways and investment in new constructions.
• Territorial deployment of Digital Terrestrial Television (DTT) and Hispasat.

The ACS Group’s objective through its presence in Abertis, with 10.3% of its capital, is to participate in the operation and management of infrastructures across the whole value chain of the concessions business, acting as a reference industrial shareholder in the company.