Ferrovial adds and continues on its sequence improved results this year. In the first nine months, it increased its gross operating income up to 521 million euros (11.8% compared to the same period of the previous year), thanks in part to the fact that sales increased by 5.5%, reaching 5,446 million euros. As these are quarterly results, the company did not report the net result.

“These figures reflect the good performance of the toll motorway business and, above all, the stronger contribution of Channels managed The Americans”. These roads allow some traffic to more easily access additional toll lanes and users to maintain higher speeds even during peak hours.

Shareholder compensation, capital injections into North American highways I-66 and Terminal One at JFK airport, as well as the acquisition of 60% of Dalaman airport, marked the cash position, which reached 1,087 million euros. Between January and September, the group received 164 million euros in dividends in infrastructure projects in which it participates. The Canadian 407 ETR, one of the most profitable highways for the Spanish company, remunerates the company 63 million euros in dividends, while the remuneration of the Texas highways represents an income of 60 million euros.

407 ETR’s board of directors approved the distribution of another C$350 million for the latest quarter. For its part, the construction order book stood at 13.109 million euros, the highest in history, not counting the pre-awarded contracts for an approximate amount of 3.2 billion euros.

Traffic evolution

The 407 ETR continues to show a gradual recovery month over month thanks to the removal of mobility restrictions, with increases in traffic of 38% and 35% in sales in the first nine months of the year. The managed lanes Americans they obtained levels higher or similar to those before the pandemic. The increase in the average tariff also resulted in significant revenue improvements, recording double-digit increases. In airports, the company mentioned the resumption of traffic in the United Kingdom: Heathrow quadrupled its figures over the period to reach 44.2 million passengers. “The bulk of demand continues to be for outbound leisure travel, although the recovery in business travel and in-country arrivals is beginning to be felt.”

In recent months, the company chaired by Rafael del Pino has begun construction of a new terminal at John F. Kennedy International Airport (JFK) in New York, an infrastructure of 232,258 square meters in which the company has a stake. by 49%. It also bought 60% of the company that manages the Dalaman international airport concession in Turkey for 140 million euros.

On the divestment side, sold Amey, its UK services business, for 455 million euros to a British company controlled by funds managed by One Equity Partners and Buckthorn Partners. “With this step, Ferrovial practically completes the transfer of Ferrovial Servicios.”

With the Vinci group, the company is now considering the construction and financing of a section of a Toronto subway line, the largest project carried out to date by Ferrovial Construcción. In New South Wales (Australia), it is developing the Coffs Harbor Bypass project, valued at 1,400 million euros; and in Texas, it is expanding four freeways in Texas for $340 million (equivalent to approximately 332 million euros).

Revenue from tolls improved by 26.1% on a like-for-like basis to reach 563 million euros. 77.5% of the division’s revenues came from the United States. In the airport branch, Heathrow’s turnover tripled to reach 2,440 million euros. Construction recorded a 2.9% increase in like-for-like revenue over the first nine months of the year, supported by its Polish subsidiary. 84% of business income corresponds to international activity.