February 2025: Breaking records, shaping the future

There are moments that not only mark history—they push it forward. And in this newsletter we have several such moments to share with you.

Some milestones deserve more than a simple mention to understand their magnitude. The ACS Group has closed an extraordinary year, with results that not only set records, but redefine the scale of what we can achieve together. The figures speak of ambition, of resilience and of a vision that continues to drive us forward.

And looking ahead means thinking about how we are going to build the future. That's why we also bring you the opinion of Peter Davoren, Chairman and CEO of Turner and one of the most prominent voices in the data center sector, shedding light on the future of digital infrastructure.

But that's just the beginning.

In this edition we also reveal 8 FlatironDragados projects featured in Canada's TOP100 projects and bring you up to date with the latest awards won by Hochtief, CIMIC and Abertis. In addition, we cannot fail to highlight the work of Corazón y Manos, Clece's solidarity project, which, during 2024, helped almost 10,000 people through more than 550 actions, reaffirming its commitment to NGOs and social transformation.

So take a deep breath... and join us on this journey! 🚀

The ACS Group obtains a net profit of €828 million, 6.1% more

The ACS Group presented its annual results for 2024, which far exceed the targets set and reflect the excellent performance of all our companies.

Revenues increased by 16.5% to 41.63 billion euros, the highest figure in our history, while attributable net profit rose by 6.1% to 828 million and the backlog exceeded 88.2 billion, setting a new record. New generation infrastructure markets accounted for 50% of total awards thanks to growth in the digital infrastructure segment.

Our CEO, Juan Santamaría, analyzes these results in the following video.

For its part, Hochtief presented results with a net profit of €776 million (+48%) and a record order backlog after increasing by 22% to €66.7 billion.

 Peter Davoren analyzes the growth of the data center sector

In recent years, the data center sector has experienced exponential growth. In 2022, its value was 12.6 billion dollars and it is expected to reach 41.2 billion in 2027. At the ACS Group, we are leaders in the development of these infrastructures and Peter Davoren, CEO and Chairman of Turner, has spoken about the growth of the sector.

“Thirty percent of our backlog, worth more than $32 billion, is in the data center and advanced technology market. We believe that will increase to around 40% in 2026 and 2027.”

Cristina Aldámiz, recognized as one of the TOP 100 Women Leaders in Spain

The XII edition of the Top 100 Women Leaders in Spain recognized the key role of women in business, science, politics and many other sectors.

At the ACS Group, we believe in leadership based on capacity, vision and innovation. For this reason, we are very proud that Cristina Aldámiz-Echevarría, Head of Associates, Operations & Sustainability, has been recognized in the category of Senior Executives, Board Members and CEO.

 Female talent is key to driving the future. And at ACS, we continue to work so that more women are protagonists in our industry.

 Congratulations, Cristina!

Óscar Puente visits the Fornebu station

The Minister of Transport and Sustainable Mobility, Óscar Puente, has visited the Fornebu metro station construction site in Oslo. 

This is Dragados' first "zero emissions" project and is being executed with fully electric equipment and vehicles, thus reinforcing our commitment to a greener and more efficient construction

HOCHTIEF to build an all-timber university center in Bavaria

The Technical University of Rosenheim will take a major step in its expansion with a technology park built entirely of wood. This project, part of Bavaria's high-tech agenda, will include state-of-the-art facilities for the training of 1,800 students and will seek BNB Gold Standard certification, guaranteeing the highest standards of sustainability.

Turner Named One of America’s Best Large Employers for 2025 by Forbes

 This is the second consecutive year for Turner receiving this recognition, which reinforces our commitment to fostering an exceptional work environment.

Peter Davoren, Turner's president and CEO, has expressed his gratitude to Turner employees for their role in shaping the company's work culture:

"Our employees are fostering a culture where everyone is treated with dignity and respect, can be at their best and be authentic."

Eight Canadian FlatironDragados projects enter ReNewCanada's TOP100

The ranking shows the 100 largest public sector infrastructure projects under development across the country. Among the projects selected are the SiteC Clean Energy Project, Eglington Crosstown LRT and the Gordie Howe. These projects are not just engineering feats, but fundamental pillars of Canada's economy, creating thousands of jobs, driving innovation and improving the standard of living for all Canadians.

Abertis expands its presence in France with the acquisition of the A-63 highway

The acquisition consists of a majority stake (51.2%) in the A-63, a strategic corridor connecting Spain with Northern Europe, thus reinforcing Abertis' position in a key market.

It is a mature asset, operational since 2013 and with 26 years of concession remaining. Its 104 kilometers represent a key connection between Bordeaux and the Spanish border, crossing important tourist areas.

Thiess secures three-year contract extension with QCoal's Northern Hub operation

With revenue of $A590 million over three years, this contract sees Thiess continuing to provide full mining services at QCoal’s Northern Hub, including statutory control of the site, all mining activities, maintenance and asset management, and rehabilitation works.

Marta Nogueroles analyzes the challenges and opportunities of the infrastructure sector in 2025

 Dragados' Director of Administration and Finance, Marta Nogueroles, participated in the series of meetings "Sector Trends for 2025 in Spain" to analyze the challenges and opportunities that are transforming the infrastructure sector. From sustainability and digitalization to the talent shortage and the financing of large projects, Marta has been one of the key voices in the debate, providing a strategic vision on the future of construction.

Corazón y Manos: more than 550 actions and almost 10,000 people helped in its commitment to NGOs

On February 27th, World NGO Day was commemorated, and Corazón y Manos took the opportunity to highlight its solidarity work during 2024. In 2024, the association dealt with 121 cases and helped 376 people. Since it was founded, it has promoted more than 550 actions, benefitting more than 9,500 people. With this video you can get a little closer to the work of Corazón y Manos, which continues to make a difference in the lives of those who need it most. 

And here are the rest of the month's headlines...

• Turner celebrates a new milestone on the $1 billion Cleveland Clinic Neurological Institute project

• UGL completes 348 towers on Genex Kidston Connection project

• Leighton Asia celebrates 50th Anniversary

• Abertis decarbonizes its fleet with new vehicles and charging stations

Did you know that...?

The construction of the Queensferry Crossing (Hochtief and Dragados) was a titanic challenge due to the extreme conditions of the area: strong sea currents, low temperatures and, above all, relentless winds. At 2.7 kilometers long, it is the longest three-tower cable-stayed bridge in the world and the 210-meter height of its towers makes it the highest point in the United Kingdom.

FlatironDragados' Site C Clean Energy Project is Canada's largest infrastructure project. Once completed, it will generate enough electricity to power 450,000 homes or 1.7 million electric vehicles.

Turner built the new Yankee Stadium, with a capacity for 52,000 spectators. It was the first time that Turner applied BIM technology in a project of this scale.