Ferrovial's Strong 2023

Revenue and Profit Surpass Expectations

Ferrovial is feeling optimistic about the upcoming year following a successful 2023, where it posted higher revenue and profit that exceeded analysts' expectations.

Financial Performance Overview

• Full-year revenue saw a significant climb to 8.51 billion euros ($9.24 billion) from EUR7.55 billion in the previous year.
• Net profit jumped to EUR460 million from EUR185 million.
• Operating profit rose to EUR625 million from EUR423 million.
• Adjusted earnings before interest, taxes, depreciation, and amortization increased by 41% to EUR991 million.

Positive Performance in All Divisions

Ferrovial highlighted that all divisions within the company showed positive performance contributing to the successful fiscal year.

Strong Growth in North American Toll Roads

Chief Executive Ignacio Madridejos expressed satisfaction with the very good performance of North American toll roads. Revenue saw double-digit increases across all North American toll roads, with a significant rise in traffic.

Outlook for 2024

As the company looks ahead to 2024, they anticipate that trends in metro area growth and mobility in key markets will continue to drive an increase in traffic for their assets.

Proposed Dividend

Ferrovial proposed a total scrip dividend of EUR0.75 per share for the current year.