Business · Companies · 4 hrs ago

Ferrovial's revenue rises 7.1% as US toll roads drive growth

Ferrovial's revenue rises 7.1% as US toll roads drive growth

Spanish infrastructure group Ferrovial increased its revenue by 7.1% in the first nine months of the year, reaching €7.402 billion.

Its adjusted earnings before interest, taxes, depreciation and amortisation rose 17.4% to €1.210 billion.

Toll roads and construction drove much of the growth, while airport revenue fell and energy revenue rose by more than half.

Ferrovial’s toll-road business was particularly strong in the United States, where it has secured projects on I-24 in Tennessee and I-285 in Georgia.

The company is looking for more US road projects as it expands its toll-road business.

It announced a €600 million dividend, payable in cash or new shares from 10 December.

The amount per share is expected to be announced on 3 November.

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Ignacio MadridejosFerrovial chief executive
strength of the business model
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commitment to high-quality infrastructure in growing markets
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These milestones open new opportunities to continue seeking long-term value for Ferrovial and its stakeholders through successful public-private partnerships
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