Ferrovial : Traffic recovery continues, mostly at the expected pace
>Results in line and on track to meet our FY estimates - Ferrovial’s Q2 results were in line with our estimates and showed a continuation of the traffic recovery despite headline EBITDA falling a touch short of our estimate (€ 11m or 8% below) as a result of a € 39m provision from the restructuring plan. In fact, once adjusted for all the one-off results, both positive and negative, EBITDA was € 13m or 9% above our estimates. Traffic in the Texas Managed Lanes is alr...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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