ACS stock: Nine-month profit rises as backlog reaches 111 billion euros

Published on 11/12/2026 at 17:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ACS stock enters the final months of 2026 with ordinary nine-month profit at 789 million euros. A record backlog supports visibility.

Profit Growth Meets Backlog Strength

ACS reported stronger nine-month operating performance and maintained its 2026 ordinary profit target.
Turner and data center construction remained major contributors to growth.
Lower net debt and stronger cash generation support continued investment.

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ACS reported stronger operating performance for the first nine months of 2026, with ordinary net profit reaching 789 million euros. The figures were published by ACS Group on Wednesday, November 11.

Results Strengthen Full-Year Outlook

Sales reached 41.262 billion euros in the January-to-September period, up 14% on a currency-adjusted basis. EBITDA increased 13% to 2.506 billion euros, while earnings per share stood at 3.02 euros.

ACS said ordinary net profit growth was 35% after excluding an extraordinary result recorded in 2025. The company reaffirmed its 2026 ordinary net profit target of between 1.11 billion and 1.155 billion euros.

Backlog Extends Infrastructure Visibility

Backlog reached 110.994 billion euros at the end of September, equivalent to more than two years of sales. New orders totaled 56.228 billion euros, producing a trailing twelve-month book-to-bill ratio of 1.4 times.

Data center construction was a central growth driver, with related backlog reaching approximately 26 billion euros, up 94% year on year. Turner also reported strong momentum, including higher sales, EBITDA and new orders.

Cash Generation Supports Investment

Net debt stood at 908 million euros at the end of September, an improvement of 1.319 billion euros from a year earlier. Net operating cash flow reached 2.385 billion euros over the last twelve months, supporting further investment in strategic infrastructure markets.

ACS stock traded at 93.08 euros on Lang & Schwarz at 17:44 CET on Thursday, November 12, 2026.