Ferrovial : US motorways drive a slight but solid outperformance
>Good results and short-term prospects… - Ferrovial’s Q2 results were positive, in our view, thanks to the path of the recovery in motorway traffic and revenues, which led to overall EBITDA coming 5% ahead of our estimates and with good prospects mentioned regarding cash flow generation in Construction. The outperformance at EBITDA and EBIT (EBITDA € 173m reported, i.e. € 8m or 5% above our estimate and EBIT € 102m reported, i.e. € 6m or 6% above our estimate) came fr...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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