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Ferrovial makes first-half profits of €267m

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Ferrovial’s net profit for the first half of the year was €267m (£187m) - a rise of 59% from last year.

Revenue grew by 14% to €4.736bn and EBITDA saw a 24% rise amounted to €538m. The company attributed the rises to good operating performance by all divisions and by the Spanish and international businesses.

The total backlog oder remains at €31.5bn, of which 74% corresponds to international contracts. Notable new contracts in the period include the 407 East Extension Phase 2 in Canada, several sections of the S3 and S7 expressways in Poland, upgrades to the road connectivity of Northern Beaches Hospital (Australia), and the Trafford services contracts (UK), among others.

The main assets continued to performed solidly, said Ferrovial: traffic and revenues increased on the 407 ETR and at Heathrow Airport, which boosted EBITDA by more than 15% and 10%, respectively, in local currency terms.

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