Report
Ana Arjona-Martinez ...
  • Antonio Rodriguez Vicens

Ferrovial : Strong operating results from the Managed Lanes with a healthy performance in construction

>P&L a touch ahead of our estimates and consensus - Ferrovial’s Q1 results were a touch ahead of both consensus (EBITDA 7% above despite revenues 1% below) and our estimates (EBITDA 6% above despite revenues 1% below), at the operating level. The outperformance came from the US Managed Lanes (EBITDA € 12m or 6% above our estimates), the most relevant assets for valuation purposes, with the Construction division’s and the Energy Infrastructure & Mobility division’s und...
Underlying
FERROVIAL SA

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Ana Arjona-Martinez

Antonio Rodriguez Vicens

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