Ferrovial announced better than expected FY results, with the bottom-line figures positively impacted by disposals and impairments. The recovery at managed lanes is good but 407ETR and Airports continue to suffer. Ferrovial has divested the majority of its Services business, divested non-core construction activities, increased its stake in I-66, acquired a minority stake in IRB, and has proposed a total scrip dividend of €0.715/share.
01 Mar 2022
FY21: bottom-line figures benefited from one-offs
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FY21: bottom-line figures benefited from one-offs
- Published:
01 Mar 2022 -
Author:
Sejal Varshney -
Pages:
3
Ferrovial announced better than expected FY results, with the bottom-line figures positively impacted by disposals and impairments. The recovery at managed lanes is good but 407ETR and Airports continue to suffer. Ferrovial has divested the majority of its Services business, divested non-core construction activities, increased its stake in I-66, acquired a minority stake in IRB, and has proposed a total scrip dividend of €0.715/share.