Ferrovial increases its profit by 3.5% in the first quarter, to 1.879 million euros
Ferrovial generated a turnover of 1.879 million euros in the first three months of the year, representing an increase of 3.5% compared to the same period of the previous year, as indicated in the quarterly results report, in which … reports the net result.
He gross operating result Adjusted Ebitda for the same period was €254 million, representing a year-on-year increase of 37.6%, driven by growth in the toll road and construction divisions.
In particular, toll road revenue increased by 30.1% on a like-for-like basis to €277 million, driven by the growth of toll roads in North America, which recorded significant growth in traffic and revenue.
Construction department ended the quarter with a record order book of €15,390 million and revenue of €1,476 million, representing growth of 0.4% on a like-for-like basis, of which North America accounted for 33% and Poland contributed 26%.
For our part, in Airports departmentHeathrow welcomed a record 18.5 million passengers between January and March, up 9.5%, raising traffic forecasts for 2024 to a new high of 82.4 million passengers.
The company completed the first quarter with liquidity 4.908 million euros and consolidated net debt of -€667 million, excluding infrastructure in both cases.
During this period, cash consumption was used to reward shareholders (€254 million) and investments, including the capital contribution to the new Terminal One at JFK International Airport and the investment in AGS following the refinancing of its credit facility.
“Again,first quarter results They reflect the strong performance of our core infrastructure assets, particularly in the US. Revenue from our express lanes has grown above inflation and GDP, demonstrating the value we bring to users with faster, less congested highways,” said Ferrovial CEO Ignacio Madridejos.