Ferrovial's quarterly core profit rises 19% led by US highways business

Reuters

Tue, May 13, 2025, 11:12 PM 1 min read

MADRID (Reuters) -Spanish operation elephantine Ferrovial posted a 19% emergence successful first-quarter halfway net connected Tuesday, driven by beardown show successful its toll road concern successful the United States.

The institution reported adjusted net earlier interest, taxes, depreciation and amortisation (EBITDA) of 309 cardinal euros ($345.8 million), which fell abbreviated of the 315 cardinal euros expected by analysts, according to an LSEG survey.

Ferrovial's main assets are successful North America, wherever it manages explicit lanes and is trying to triumph much projects. It is besides gathering a caller terminal astatine New York's John F. Kennedy International Airport, expected to beryllium acceptable by 2026.

The company's income successful the 4th roseate 7% to 2.05 cardinal euros from the aforesaid play past year. In the U.S., its road business' gross accrued 19%.

Ferrovial had said that U.S.-managed lanes volition proceed to beryllium profitable owed to colonisation maturation successful ample cities, but besides flagged that its operation projects successful the state mightiness beryllium deed by higher inflation.

Ferrovial, which has a marketplace worth of 31.75 cardinal euros, became the archetypal institution connected Spain's blue-chip scale to database its mean shares connected the Nasdaq a twelvemonth ago, seeking to pull much superior successful its astir important marketplace which generates 88% of its highways concern revenue.

($1 = 0.8937 euros)

(Reporting by Corina Pons; editing by Charlie Devereux and Inti Landauro; Editing by Eileen Soreng)