Ferrovial obtained 710 million euro net profit in 2012
Date
February 22, 2013
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Highlights:- EBITDA amounted to 927 million euro (+13.4%) and revenues totalled 7.686 billion euro (+3.2%), supported by positive business performance.
- The net cash position (excluding infrastructure projects) was 1.489 billion euro, and the parent company has no major debt maturities until 2015. Consolidated net debt was reduced further, to 5.106 billion euro.
- Ferrovial reinforced its international footprint: revenue outside Spain accounted for 62.2% and international projects for 61.8% of the combined Construction and Services backlog, which totalled 21.483 billion euro.
- The company divested a total of 16.34% of Heathrow Airport Holdings in two transactions, providing Ferrovial with capital gains of 186 million euro.
- Good performance by the main assets is consequence of the improvement in traffic, higher fees and tolls, and cost control measures. As a result, EBITDA increased by 9.8% at 407 ETR in Canada and by 11.9% at Heathrow Airport, both in local currency terms. Ferrovial obtained 341 million euro in dividends from the two companies.
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