Ferrovial Financial Growth Soars, Tripling Net Profit

Ferrovial, the global infrastructure leader, has reported impressive financial results for the first half of 2024. The company's net profit surged to €414m (US$462m), a significant increase from €114m (US$127m) in the same period last year. 

This growth was underpinned by robust performance across all business segments, with adjusted EBITDA rising by 56% and like-for-like revenue improving by 7.5%.

The firm's North American infrastructure assets saw strong growth in revenue per transaction. 

Notably, Ferrovial achieved several strategic milestones during this period.

In April, the company secured a contract for Lima's Peripheral Ring Road as part of a consortium. 

May saw Ferrovial's shares listed on Nasdaq, making it the first Spanish-origin company to trade ordinary shares on the US stock market. 

Furthermore, in June, the firm announced an agreement to divest a 19.75% stake in Heathrow's parent company to Ardian and The Public Investment Fund.

These developments underscore Ferrovial's continued expansion and strategic positioning in the global infrastructure sector.

Ferrovial: a leader in infrastructure development

Ferrovial has established itself as a global leader in infrastructure development and operations. 

Founded in 1952 as a railway construction firm, Ferrovial has grown into a global leader in infrastructure development, with operations spanning transportation, utilities and construction across Europe, North America and Australia.  

Ferrovial's recent focus on sustainable solutions and digital transformation has positioned it at the forefront of the industry's evolution.

It has also collaborated with industry giants on landmark projects, such as Renault to launch the Zity car sharing service in Madrid and is part of the RiverLinx consortium managing London's Silvertown Tunnel. 

The company is also working with MIT, a research university, on future infrastructure technologies and with Lilium, a German aviation company developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility, to develop vertiports in the US. 

In Colombia, Ferrovial constructed a solar-powered water system in El Salado, demonstrating its commitment to sustainable infrastructure solutions.

Ferrovial’s global reach 

Ferrovial's portfolio extends far beyond the United States and is present in over 15 markets worldwide.

It has significant operations in Spain, the US, UK, Australia, Canada and Poland.

The company has committed to achieving carbon neutrality by 2050, investing in sustainable infrastructure solutions, including electric vehicle charging networks and smart city technologies.

Ignacio Madridejos, Ferrovial’s CEO, says: “Ferrovial more than tripled net profit in the first half of the year, an extraordinary result driven by excellent performance across all business units and profitable divestments. 

“The construction division continues to improve profitability and is on track to achieve its ambitious annual target. In addition, the revenue per transaction on all our U.S. Express Lanes beat inflation and GDP growth levels, while airports experienced a strong performance in traffic”. 

He adds: “Our operational strength, coupled with a solid financial position, puts us in the right place to continue taking advantage of strong global trends in infrastructure.” 

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