Full Year 2023 ACS Actividades de Construccion y Servicios SA Earnings Call Transcript
Good morning, everyone, and thank you very much for joining us in this 2023 presentation. Our Chairman will be joining us later. Until then, I'm going to proceed with the presentation. I'm here with Mr. Ãngel GarcÃa Altozano, who's Corporate Chief Officer, Mr. Emilio Grande, who is our CFO, and as usual after the presentation there will be time for Q&A in which we will clarify any questions you may have. If you are following this online, you can send in your questions through the usual channel.
I'd like to start by mentioning the 5 most relevant highlights of 2023. First of all, the group has had an outstanding year in operational results. Net operating income increased by 16.6% to EUR 667 million, which is on the high end of the range -- of the guidance we gave for 2023 of 10%. Our income grew by 10.9% adjusted by Forex, and our EBITDA rose 13.5% also adjusted by Forex up to EUR 1.9 billion. So EBITDA margin was 5.3%, which was higher than the previous year.
Secondly, the group has had
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