Ferrovial : Good results, better than they might look
>Higher-than-expected EBITDA from motorways should more than offset cash drains from construction - Ferrovial’s Q3 results were positive, in our view, thanks to the continuation of the strong tariffs in the Managed Lanes as well as of their positive underlying trends in traffic. In fact, the outperformance at EBITDA and EBIT (EBITDA € 215m reported, i.e. € 24m or 12% above our estimate and EBIT € 132m reported, i.e. € 4m or 3% above our estimate) was driven by the m...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.