Ferrovial SE

FER

Equity

ISIN NL0015001FS8 / Valor 127652472

BME Bolsas y Mercados Espanoles - Renta Variable (2024-12-24)

EUR 40.54+1.20%

Ferrovial SE
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About company

Ferrovial SE is a prominent company in the transportation infrastructure sector, specializing in sustainable solutions, engineering, and construction of civil works and buildings. With a strong focus on developing and maintaining critical infrastructure projects, Ferrovial SE has established itself as a key player in the industry. The company's expertise in delivering high-quality infrastructure projects has earned it a reputation for excellence and innovation in the field.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

Ferrovial SE reported a significant increase in revenue for the third quarter of 2024, reaching EUR 2,376 million, compared to EUR 2,281 million in the same period of 2023. This represents a year-over-year growth of 4.2%. For the first nine months of 2024, the company's revenue totaled EUR 6,643 million, up from EUR 6,221 million in the previous year, marking a 6.8% increase.

Adjusted EBIT Improvement

The company's adjusted EBIT for Q3 2024 was EUR 282 million, a substantial rise from EUR 193 million in Q3 2023, reflecting a 45.6% increase. For the nine-month period ending September 2024, adjusted EBIT reached EUR 667 million, compared to EUR 393 million in the same period of 2023, showcasing a remarkable 69.4% growth.

Construction Segment Performance

Ferrovial SE's construction segment demonstrated notable profitability improvements, achieving an adjusted EBIT margin of 5.1% in Q3 2024. This contributed to a 3.9% adjusted EBIT margin for the first nine months of 2024. The order book reached an all-time high of EUR 15,586 million, with a like-for-like growth of 2.9% compared to December 2023.

Liquidity and Debt Position

As of the third quarter of 2024, Ferrovial SE maintained a solid financial position with liquidity levels of EUR 3,501 million for ex-infrastructure project companies. The consolidated net debt for these companies stood at EUR 418 million. The company made significant investments, including a EUR 652 million stake acquisition in IRB Infrastructure Trust and a EUR 319 million equity injection in NTO.

Dividend and Shareholder Returns

Ferrovial SE announced its second scrip dividend on October 28, 2024, with the dividend per share to be published on November 7, 2024. The company distributed EUR 749 million to shareholders in the first nine months of 2024, supported by dividends from projects amounting to EUR 490 million and proceeds from asset sales, including a 5% stake sale in IRB Infrastructure Developers for EUR 211 million.

Summarized from source with an LLMView Source

Key figures

24.2%1Y

50.5%3Y

52.4%5Y

Performance

19.9%1Y

20.6%3Y

27.1%5Y

Volatility