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| Cintra EBITDA increased by 17% Citra, the Ferrovial subsidiary that specialises in bidding for and managing toll roads and car parks, increased EBITDA by 17.0% in 2007 to 694 million euro. The weight of the company's international business increased again last year and now represents 77.7% of EBITDA. Revenues grew by 15.8% to 1,024.7 million euro, primarily due to good traffic data, toll increases and the consolidation during the full year of new concessions, incorporated into the portfolio of assets in 2006. Toll road revenues grew by 17.1% to 881 million euro and car park revenues increased by 8.4% to 143.6 million euro. Last year, Cintra added 13,782 parking spaces to its portfolio. Exchange rate fluctuation reduced consolidated revenues by 22.5 million euro. EBIT increased by 41.2% to 508.2 million euro. write your comments about the article :: © 2008 Construction News :: home page |