Ferrovial sees backlog swell to record figure

By Sarah Ann McCay29 October 2013

Ferrovial announced it is now holding a record backlog of nearly €25 billion after filing its third quarter results for 2013.

The Spanish contractor saw net profit rise 2% for the first nine months of 2013 to achieve €485 million. Revenue also expanded, up 4.9% to €5.93 billion.

The company said international activity had driven this growth, with international receipts accounting for 68% of the total.

Ferrovial ended the third quarter with a combined services and construction backlog of €24.4 billion, a record high in which international contracts dominated once again, accounting for 68% of the total (65% in services and 73% in construction).

New contract wins included the expansion of the North Tarrant Express in Texas, US plus the contract to upgrade the motorway network in central Scotland, which was awarded to a consortium involving Cintra, Amey and Ferrovial Agroman.

Latest News
Evergrande chairman under investigation over suspected ‘illegal crimes’
Trading in shares of Chinese property company Evergrande have been suspended 
Finalists announced for Bentley Systems’ 2023 Going Digital Awards
Projects from Europe, Middle East, and Africa named as finalists
Podcast: SAIA’s newest council getting Canada on the same page
ALH’s Riley Simpson talks with the SAIA Canadian Council about streamlining scaffolding regulations across Cananda