Ferrovial released a mixed set of results, marked by the strong performance of Concessions but hindered by lower Construction margins and lower orders in Services. Key highlights Revenue up by 11.5% lfl, at €2,885m EBITDA up by 4.2% lfl, at €227m Net profit down by 54% at €72m Net debt up €248m, at €4,514m Contracting order book broadly flat Management announced the divestment of one million shares in Budimex while arguing that this was not a strategic sale and that t
05 May 2017
Q1-17: Strong concessions results hindered by lower Construction margins
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Q1-17: Strong concessions results hindered by lower Construction margins
Ferrovial SE (FER2:WBO) | 0 0 2.1% | Mkt Cap: 12,921m
- Published:
05 May 2017 -
Author:
Edouard Enault -
Pages:
3
Ferrovial released a mixed set of results, marked by the strong performance of Concessions but hindered by lower Construction margins and lower orders in Services. Key highlights Revenue up by 11.5% lfl, at €2,885m EBITDA up by 4.2% lfl, at €227m Net profit down by 54% at €72m Net debt up €248m, at €4,514m Contracting order book broadly flat Management announced the divestment of one million shares in Budimex while arguing that this was not a strategic sale and that t