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| Ferrovial net profit up 21.4% through September Spanish building group Ferrovial ended the first nine months of 2006 with notable growth in all business lines and significant progress with diversifying its infrastructure and services businesses and its international presence, with over half of revenues and EBIT being obtained outside Spain; for the first time, it consolidated UK airport operator (three months), which provided 1,039 million euro in revenues, 60% of the Infrastructure division total. Net income in the period amounted to 333.4 million euro, i.e. 21.4% more than in 9M05. EBITDA increased 85.6% to 1,644.8 million euro. EBIT increased by 80.8% to 1,140.8 million euro. Revenues totalled 9,133.0 million euro, a 45.7% increase, based on strong growth in all lines of business: Construction expanded by 18% due to good performance in Spain and Poland (Budimex) and the addition of Texan construction company Webber; Services (+45%) was boosted by the addition of Swissport (handling) and Owen Williams (UK) as well as strong organic growth both in Spain and abroad. International sales amounted to 4,942.3 million euro (a 93.2% increase) and represented 54.1% of the company's total sales. write your comments about the article :: © 2006 Construction News :: home page |