Q1 16 results were marked by another negative impact from UK activity in services and negative forex effects which were not offset by the strong traffic growth at Ferrovial’s airports & toll roads despite the positive calendar year effect. Consolidated revenues & EBITDA were both down by 3.0% and 7.4% respectively and lfl revenues were +0.4% and EBITDA -2.8%. Net profit increased by +32.3% to €157m thanks to capital gains (Chicago Skyway €110m; Irish toll roads €2
09 May 2016
Negative forex effects and disappointment from the UK service division recently acquired
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Negative forex effects and disappointment from the UK service division recently acquired
Ferrovial SE (FER2:WBO) | 0 0 2.1% | Mkt Cap: 12,921m
- Published:
09 May 2016 -
Author:
Myriam Cohen -
Pages:
2
Q1 16 results were marked by another negative impact from UK activity in services and negative forex effects which were not offset by the strong traffic growth at Ferrovial’s airports & toll roads despite the positive calendar year effect. Consolidated revenues & EBITDA were both down by 3.0% and 7.4% respectively and lfl revenues were +0.4% and EBITDA -2.8%. Net profit increased by +32.3% to €157m thanks to capital gains (Chicago Skyway €110m; Irish toll roads €2