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Ferrovial boosts EBITDA by 89% to 251 million in the first half of the year

Ferrovial, the sustainable infrastructure and mobility company, reported 251 million in EBITDA in the first six months of 2021. That is an 89% increase in like-for-like terms on the 136 million reported in the same period of 2020. Revenue increased by 6.3% in like-for-like terms to 2,965 million due to growth in Construction and Toll Roads revenues.

The period's figures were impacted by the restrictions on air traffic. Between January and June, the company booked a net loss of -177 million, down from -384 million in the same period of last year.

With a sound financial position, the company remains focused on protecting and enhancing its liquidity position, currently 6,510 million, while net cash excluding infrastructure projects amounted to 1,859 million, including discontinued operations and the impact of divesting non-core Construction assets.

Between January and June, Ferrovial collected 65 million in dividends from projects in which it is invested, including mainly 48 million from two of its managed lanes projects in Texas (NTE and LBJ). The Board of 407 Express Toll Route in Canada will continue to monitor the situation with a view to the possible resumption of dividends in the coming quarters. The Construction backlog amounted to 9,724 million; that figure does not include recently awarded major projects such as Sydney Metro and the I-35 in San Antonio. The Services backlog stands at 12,836 million.

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