Ferrovial : Mixed results show a tough year that should improve from here
>Solid P&L and traffic recovery although poor (hopefully temporary) cash flow generation - Ferrovial’s Q4 results mixed a solid outperformance in the P&L (revenues and EBITDA 16% and 24% above our estimates respectively) and a material recovery in traffic at the main motorways, with a clear underperformance on cash flow generation vs our estimates: net cash at the parent company € 2.2bn vs € 2.9bn in our forecast. The P&L outperformance came from the motorways, with a...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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