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Fri June 18 2021

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Ferrovial reports record €23.7bn backlog

26 Jul 13 Ferrovial has increased its net profit by 12% to €287m (£247m) and ended the first six months of this year with an all-time record backlog of €23.7bn (£20.4bn).

Revenues outside Spain increased by 11.8% compared with the first half of 2012, to account for 67% of the total.

The company said that its main businesses outside Spain performed well and partly offset the decline in the domestic market.

Notable wins included a contract to design, build, finance and operate the extension of the North Tarrant Express in Texas, USA. Other major contracts include street cleaning in Madrid, municipal services in London and Liverpool, the construction of a railway line in Poland, and the construction, operation and maintenance of a desalination plant in Oman.

The services business expanded revenues by 17.7% and attained a record backlog of €15.592bn, broadly due to April’s acquisition of Enterprise.

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MPU

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