|
contents | news | |||||||||
| Ferrovial increased net profit by 43.6% in 1Q-06 For the first quarter of 2006, the Spanish construction giant Ferrovial, chaired by multi-millionaire Rafael de Pino, posted a net profit of 111.6 million euro, up by 43.6%. This rise can be attributed to notable growth in all business lines, an increase in diversification towards recurring activities, a greater international presence and the consolidation of the acquisitions made in 4Q-05 (Swissport, Webber and Owen Williams). EBIT increased by 36.5% to 237.6 million euro, boosted by growth in revenues and improved margins in Construction and Infrastructure. EBITDA increased by 41.3% to 328.8 million euro. Revenues totalled 2, 501.1 million euro, a 38.3% increase. International revenues amounted to 1, 253 million euro, a 78.6% increase, and now represent half of the company's total revenues. The foreign countries making the greatest contribution to group revenues were the UK (19%), Poland (6%), rest of Europe (Ireland, Switzerland, Italy and Portugal: 15%) and North America (Canada and the US: 7%). Strong growth in Construction revenues, which rose 26.7% to 1, 100.8 million euro, was due to strong performance in Spain and Poland (via subsidiary Budimex) and the addition of Webber (Texas). write your comments about the article :: © 2006 Construction News :: home page |