Ferrovial registra un beneficio operativo de 848 millones hasta septiembre, un 12 % menos

Spanish infrastructure firm Ferrovial announced on Tuesday an operating profit of 848 million euros for the first nine months of its fiscal year, marking a 12% decrease compared to the same period last year. The construction company reported revenues of 7.402 million euros, up 10.8% year-over-year in comparable terms, according to a press release and additional data posted after Wall Street closed.

Ferrovial's CEO, Ignacio Madridejos, emphasized the strength of the business model, driven by the high-quality infrastructure divisions, particularly in North America. Madridejos highlighted recent successes in Tennessee and Georgia, as well as U.S. expressway projects, and mentioned upcoming details on the Interstate 24 and Interstate 285 projects at the earnings conference.

The company, listed on the New York Stock Exchange, reported an adjusted operating profit of 1.210 million euros for the period, a 21.8% increase year-over-year. Ferrovial's liquidity stands at 5.071 million euros, with a consolidated net cash position of 1.660 million, excluding infrastructure projects. Revenue by division showed a 14.7% increase year-over-year for the Autopistas division, reaching 1.134 million euros.

Construction division revenues accumulated to 5.832 million, with 51% from North America, 21% from Poland, and 15% from Spain. In the third quarter, Ferrovial reported an operating profit of 329 million euros (up 26%), an adjusted EBITDA of 464 million euros (23% increase), and revenues of 2.791 million euros (10.5% growth). The company's stock rose 7.3% on Tuesday on Wall Street, but dropped 1% in electronic trading following the earnings release.