Ferrovial : Good results, strong cash flow and a US listing ahead
>Strength in US motorways and construction leads to outperforming results - Ferrovial’s Q4 results were ahead of our estimates thanks to the continuation of the strong tariff growth in the Managed Lanes (MLs), an improved margin in Construction (3.4% vs 1.8% expected) and, in both cases, a higher cash contribution to the parent company (€ 390m higher-than-expected cash flow from Construction due to a significantly better working capital, and € 62m higher dividends f...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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