ACS stock reports 789 million euros profit as backlog hits record

Published on 11/13/2026 at 10:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ACS stock delivered stronger nine-month earnings as Turner and digital infrastructure drove growth. Management kept its full-year target range.

Growth rests on infrastructure demand

ACS lifted comparable ordinary net profit by 35% through September, reaching the upper end of its 2026 target range.
Turner led operating momentum as data center backlog nearly doubled year over year.
The record order book gives ACS visibility across digital infrastructure, energy, water, industry and critical minerals.

ACS, ES0167050915, Illustration mit AI erstellt.

ACS reported stronger earnings for the first nine months of 2026 on Wednesday, November 11, as Turner and demand for digital infrastructure supported growth across the group. In its results announcement, ACS said attributable net profit reached 789 million euros through September, an increase of 20.5% from the same period a year earlier.

Excluding an extraordinary result recorded in 2025, ordinary net profit rose 35%. That placed the comparable increase at the upper end of the company's 2026 growth target of 30% to 35%. Earnings per share reached 3.02 euros.

Turner drives operating momentum

Sales rose to 41.262 billion euros, up 14% on an exchange-rate-adjusted basis. EBITDA increased 13% to 2.506 billion euros, while EBIT advanced 20.7% to 1.807 billion euros. ACS said Turner and Engineering and Construction delivered particularly strong growth, with improved operating margins.

Turner's sales increased 23.8% on an exchange-rate-adjusted basis. EBITDA climbed 41% to 905 million euros, and profit before tax rose 43% to 891 million euros. The unit's backlog reached 48.947 billion euros, up 42.4% year over year, supported by data center, healthcare, aviation and general building projects.

The group's total backlog stood at 110.994 billion euros at the end of September, 24% above the prior-year level and equivalent to more than two years of sales. New orders reached 56.228 billion euros, up 28.2%, while the book-to-bill ratio was 1.4 times over the last twelve months.

Digital infrastructure remains central

Data center construction was a major source of order growth. ACS said backlog in the activity reached approximately 26 billion euros, 94% above the prior-year level. The group also pointed to energy, water, industry, including nuclear, and critical minerals as strategic markets, with combined backlog in those areas up 67.5%.

ACS ended September with net debt of 908 million euros, an improvement of 1.319 billion euros from September 2025. Net operating cash flow over the last twelve months reached 2.385 billion euros, supporting continued investment while the group maintains shareholder distributions.

ACS stock traded at 91.30 euros on Lang & Schwarz at 10:10 CET on Friday, November 13, 2026.