Ferrovial continues to be impacted by low traffic on its infrastructure, as reflected in the low income and dividends from these assets (-40% yoy). Additionally, management reassured that there is a limited risk of a Heathrow capital injection.
Revenues were up by 11% lfl courtesy of the construction business which benefited from a low comparison base. However, NI was unsurprisingly low due to a negative contribution from equity-accounted assets and discontinued business. We will revise our num ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q3 20: still low on dividends
Ferrovial continues to be impacted by low traffic on its infrastructure, as reflected in the low income and dividends from these assets (-40% yoy). Additionally, management reassured that there is a limited risk of a Heathrow capital injection.
Revenues were up by 11% lfl courtesy of the construction business which benefited from a low comparison base. However, NI was unsurprisingly low due to a negative contribution from equity-accounted assets and discontinued business. We will revise our num ....