Ferrovial posted its Q1 results, missing the consensus EBITDA estimate by 12%. Traffic at its MLs is already above the 2019 level (except for LBJ) but it is still behind at 407ETR due to the low voluntary return to office. Heathrow saw a sharp increase in traffic in March after the unexpectedly quick removal of UK travel restrictions, but Heathrow’s management believes this recovery to be temporary. The construction business was impacted by inflation and saw its EBITDA margin halved.
06 May 2022
Q1 22: slow traffic recovery outside the US
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Q1 22: slow traffic recovery outside the US
- Published:
06 May 2022 -
Author:
Sejal Varshney -
Pages:
3
Ferrovial posted its Q1 results, missing the consensus EBITDA estimate by 12%. Traffic at its MLs is already above the 2019 level (except for LBJ) but it is still behind at 407ETR due to the low voluntary return to office. Heathrow saw a sharp increase in traffic in March after the unexpectedly quick removal of UK travel restrictions, but Heathrow’s management believes this recovery to be temporary. The construction business was impacted by inflation and saw its EBITDA margin halved.