Ferrovial grows international spread
By Sarah Ann McCay02 March 2014
Ferrovial posted revenue growth of 7% for the financial year ended December 31, 2013, achieving €8.199 billion. Net profit rise 5.1% to €727 million.
The Spanish firm saw backlog reach a record high of €25.6 billion, with 66% of backlog for contracts outside of Spain.
Notable contract wins in 2013 included the North Tarrant Express (NTE) extension in Texas, US, and the completion of a motorway network in central Scotland. Ferrovial Agroman was awarded contracts to build toll roads in Oman and Colombia, and a new railway line in Poland.
The group’s construction division saw revenues drop by 6.1% to €4 billion, which the firm attributed in part to continual cutbacks in public spending in its domestic market. International business accounted for 76% of construction activities.