Record backlog for Ferrovial

30 July 2014

Ferrovial saw its backlog reach a record high during the first half of 2014, reaching €26 billion, of which 68% represented international contracts.

Revenues for the Spanish firm increased 11% to €4.16 billion. International revenues increased by 14% compared with the same period last year, and accounted for 68% of the total.

Ferrovial’s international construction business expanded to account for 75% of revenues and 71% of the backlog. Ferrovial Agroman obtained its first important projects in Brazil, Saudi Arabia and Australia during the first half of 2014. Total revenues declined by 3%, to €1.8 billion.

Earnings before interest, taxes, depreciation and amortization (EBITDA) jumped 4.8% to €435 million.

The contractor reported a first half net profit of €168 million, compared with €287 million in the same period in 2013 (which included €138 million in capital gains from the sale of Stansted Airport, and other extraordinaries).

Latest News
Access Alliance welcomes Plantool
Plantool joins UK and Ireland rental alliance at Belfast meeting 
Partnerlift takes on SIM-Tec
Rental, sales and service company expands cooperative’s presence in Rhineland
Venpa acquires LocaTop
Investment continues group’s fast expansion in Italy