Ferrovial posted Q1 results which missed the consensus EBITDA estimate by 8%. Traffic at its MLs exceeded the 2019 levels and experienced double-digit growth. The 407ETR traffic also rose by 28%, but remained below the 2019 levels. Meanwhile, Heathrow airport witnessed a significant surge in traffic, leading to a revised traffic forecast for 2023, ranging between 70 million to 78 million passengers. However, the construction business was affected by higher operational costs, which partly offset ....
