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| Ferrovial obtained 192 mln euro in EBITDA in 1Q 2012 Spanish infrastructure and services giant Ferrovial obtained 192 million euro in EBITDA in the first quarter of 2012, compared with 172 million euro in 1Q11, i.e. an improvement of 11.7%. In the first few months of 2012, Ferrovial's main businesses improved, particularly revenues at Amey (UK), and international construction, mainly Budimex. Revenues amounted to 1.707 billion euro, a 2.5% increase. Net profit in 1Q12 amounted to 7.6 million euro, contrasting with 224 million euro in the first quarter of 2011, when the company booked gains on the sale of Swissport and the stake in the M-45 toll road. The Construction and Services backlog remains at record levels: 22.000 billion euro. The backlog reflects the company's internationalization, as 68% in Construction and 49% in Services are located in countries other than Spain. The Construction division obtained 898 million euro in revenues and 48 million euro in EBITDA in the first three months of 2012. The backlog remained stable at 9.667 billion euro due to new contract intake at Budimex and Webber. The international business contributed revenues of 577 million euro, i.e. 24.6% more than in the same period of 2011, and EBITDA of 23 million euro, up 7.1%. The international backlog amounted to 6.600 billion euro due to new projects in the US and the UK, accounting for 68% of the division total. Budimex and Webber reported significant growth in the main line items during the period. Polish subsidiary Budimex expanded revenues by 46.5% to 265 million euro, while the US subsidiary experienced a 23% increase to 115 million. write your comments about the article :: © 2012 Construction News :: home page |