FCC in the Reds Again

Industrials › Construction ♦ Published: May 7, 2013; 17:11 ♦ (Vindobona)

High Losses in first quarter for Alpine’s parent company FCC.

FCC in the Reds Again / Picture: © Alpine Logo Press Photo

FCC, Spanish parent company of Austrian Construction Enterprise Alpine, has to face losses in the amount of € 140m in the first quarter of 2013.

The year 2013 has started badly for the Spanish enterprise. In the first quarter, revenues dropped by 18.5 % to € 1.984bn. The EBITA turned from € 237m to - € 34m. Alpine Bau alone caused a negative EBITA of - € 140.4m. The…

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