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Fri April 23 2021

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Profits and order book grow at Ferrovial

1 May 15 Ferrovial’s net profit in the first quarter was up 81% on last year to ,118m (£85m) and its order backlog reached a new record.

Revenues amounted to €2.147bn (£1.55bn) - up +10% - and EBITDA grew to €210m, a rise of +14%.

The total backlog reached a record of more than €32.15bn, of which 72% is for international contracts. Notable new contracts in the period included the 407 East Extension Phase 2 in Canada, a section of Expressway S3 in Poland and services contracts with the UK Ministry of Justice, the University of Seville and the European University of Madrid.

Ferrovial said that its main assets continued to perform very well: traffic and revenues continued to increase on the 407 ETR and at Heathrow Airport, which boosted EBITDA by more than 15% and 11%, respectively.

Traffic increased in both toll roads and airports: 407 ETR (+2.4%), Chicago Skyway (+4.6%), SH-130 (+19%), Ausol I (+11.5%), M4 (+5.2%), Heathrow (+2%) and Glasgow Airport (+13.2%).

The €32.15bn backlog is made up of €23.45bn in services and €8.6bn in construction.

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