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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