Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

FCC results: Mersey Gateway unable to prevent revenue fall

Mersey Gateway FCC Kier Samsung

Spanish giant FCC’s annual results have revealed a decline in construction revenue for 2016 despite the contribution from its Mersey Gateway project.

The Madrid-based company posted total construction turnover of €1.65bn (£1.42bn) for 2016, down 18 per cent from €2bn in 2015.

Revenue from construction fell by more than a third in the company’s native Spain and by 30 per cent in Latin America, but was up 22 per cent in the Middle East and North Africa.

FCC’s construction turnover from the rest of the world increased 3 per cent to €242m for 2016, with the company citing a “higher contribution” from both its Mersey Gateway project and the Gerald Desmond bridge scheme in Los Angeles.

Merseylink – a consortium of Kier, FCC and Samsung – is expecting to complete work on the £600m Mersey Gateway (pictured) later this year. The six-lane crossing will link Runcorn and Widnes.

Across all business areas – including water, environmental services and cement – FCC’s UK revenue dropped 14 per cent to €889m.

Overall global group revenue fell 8 per cent to €6bn. Global group EBITDA was up 2 per cent to £834m.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.