Record Growth in North American Highways
The U.S. highways segment showed a revenue growth of 19.1% compared to Q1 2024, making up 98% of the highways revenue, with adjusted EBITDA growing at 14.6%.
Strong Performance of 407 ETR
The 407 ETR reported a remarkable 23.6% growth in toll revenue, with double EBITDA growth, attributed to new toll rates and targeted traffic promotions.
Solid Net Cash Position
Ferrovial ended the quarter with a net cash position of €1.9 billion, bolstered by the divestment of AGS for €538 million and a €152 million equity injection in NTO.
Positive Developments in Airports
At JFK, development progressed with a 6% advancement, and agreements with 18 airlines were reached. Dalaman airport also saw higher than expected domestic traffic growth.
Steady Construction Profitability
Construction segments like Budimex and Ferrovial Construction reported solid margins, with an overall adjusted EBIT margin of 3.3%.