Spain · Delayed Price · Currency is EUR Ferrovial SE Earnings Call Transcripts
Fiscal Year 2026
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The meeting highlighted strong financial growth, major asset divestments, and a focus on North American expansion. All agenda items were approved, including a planned EUR 1 billion scrip dividend for 2026 and board appointments, with governance and sustainability remaining key priorities.
Fiscal Year 2025
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Revenue and EBITDA grew strongly in 2025, driven by North American highways and construction, with record dividends and robust cash flow supporting major investments and shareholder returns. The company remains well positioned for future growth amid a strong U.S. infrastructure pipeline.
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Strong growth in North American assets drove revenue and EBITDA increases, with a robust net cash position and expanding construction order book. Major divestments and acquisitions supported capital returns, while operational focus remains on U.S. highways and airports.
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Strong H1 2025 results driven by North American asset growth, major capital moves, and robust construction order book. Highways and 407 ETR delivered double-digit revenue and EBITDA growth, while JFK Terminal 1 and other projects advanced on schedule.
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Revenue and profitability grew strongly in Q1 2025, led by North American highways and construction. Net cash position remains robust, with major investments and a strong project pipeline supporting future growth.
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The meeting highlighted strong 2024 financial results, major asset rotations, and a focus on North American growth. All agenda items, including Board reappointments, revised remuneration, and sustainability targets, were approved. No questions were raised, and all votes passed by majority.
Fiscal Year 2024
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Solid growth in 2024 driven by North American toll roads and construction, with record dividends, strong cash position, and major asset rotations. Upgraded shareholder distribution guidance and robust project pipeline support a positive outlook. Significant investments in India and the U.S. reinforce strategic focus.
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Q3 2024 saw robust growth in toll roads and airports, with strong cash flow from dividends and asset sales. Construction margins improved, and shareholder returns were significant, while guidance for EBIT margin remains on track for the year.
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Strong H1 2024 results with double-digit revenue and EBITDA growth in tolls, robust construction margins, and record airport traffic. Major investments and divestments, including IRB and Heathrow, supported a solid financial position and shareholder returns.