Ferrovial : Strong results and traffic recovery in the most relevant motorways
>Traffic recovers and P&L outperforms even after adjustments - Ferrovial’s Q3 results were ahead of our estimates as they showed a continuation of the traffic recovery, picking up further in October, and with headline EBITDA, although less important and including non-recurring impacts, clearly beating our estimates: € 37m or 24% above. The EBITDA outperformance came mainly as a result of lower net central opex and from a good result in construction, partially helped ...Ferrovial is a transportation company based in Spain. Co. is engaged in operations in the transportation sector. Co. specializes in the design, construction, management, administration and maintenance of transport infrastructures. Co.'s services range also includes the maintenance of parking lots, and land-, sea- and air-based transport networks. Co. is also engaged in the promotion and operation of short-stay parking lots, parking regulation and management services and promotion and sale of residents' parking.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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