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Sat August 08 2020

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Ferrovial revenues rise 10%

31 Oct 14 Ferrovial increased its revenues by 10% in the first nine months of this year, to €6.488bn (£5.11bn).

Its total order backlog reached a record high of €28.401bn even without recent €800m major contracts that are not yet included, such as the extension of Interstate 77 in North Carolina, the construction of a power plant in Poland and the extension of London Underground.

There was also an 11% increase in earnings before interest, taxes, depreciation, and amortisation (EBITDA) to €701m euro.

The company reported that there was good performance, particularly in services and international construction areas. International revenues increased by 13% to account for 69% of the total..

Net profit amounted to €270m, compared with €485m in the same period of 2013, which included extraordinary items such as €137m in capital gains on the sale of Stansted airport and €22m on the sale of 40% of the Amey subsidiary that groups its PFI projects.

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