Ferrovial Group has published its consolidated results which came in better than our expectations but broadly in line with the consensus. The Toll Roads segment outperformed our expectations, while the losses in Construction were greater than anticipated due to an additional standalone loss of €-49m reported by Ferrovial Agroman. The possibility of Heathrow’s expansion has diminished, yet management has expressed its interest of keeping its stake in this asset. The company has prop
02 Mar 2020
FY19: results better than our expectations
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY19: results better than our expectations
Ferrovial SE (FER2:WBO) | 0 0 2.1% | Mkt Cap: 12,921m
- Published:
02 Mar 2020 -
Author:
Sejal Varshney -
Pages:
3
Ferrovial Group has published its consolidated results which came in better than our expectations but broadly in line with the consensus. The Toll Roads segment outperformed our expectations, while the losses in Construction were greater than anticipated due to an additional standalone loss of €-49m reported by Ferrovial Agroman. The possibility of Heathrow’s expansion has diminished, yet management has expressed its interest of keeping its stake in this asset. The company has prop