Ferrovial : Strong traffic and tariff growth in the MLs drive a set of solid results
>MLs strong while construction remains on the right track - Ferrovial’s Q1 results were slightly ahead of our estimates (EBITDA 9% ahead of our estimates) thanks to the continuation of the strong tariff growth in the Managed Lanes (MLs), with a solid traffic performance (sequentially improving in all cases) and to both higher sales and margin in Construction (4% and 8% beat in revenues and EBITDA, respectively). Also, although more volatile on a quarterly basis, the r...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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