By Revenue and Profit Soar
Ferrovial has reason to celebrate as it revealed higher revenue and profit for 2023, surpassing analysts’ expectations and painting a bright outlook for the year ahead.
Financial Achievements
- Full-year revenue reached 8.51 billion euros, a significant increase from the previous year’s EUR7.55 billion.
- Net profit saw a substantial jump to EUR460 million from EUR185 million.
- Operating profit rose to EUR625 million, reflecting a strong performance across all divisions.
- Adjusted earnings before interest, taxes, depreciation, and amortization rose by 41% to EUR991 million.
Positive Performance
Chief Executive Ignacio Madridejos highlighted the impressive revenue growth in North American toll roads, with double-digit increases across all assets fueled by a significant spike in traffic.
Future Outlook
Looking ahead to 2024, Ferrovial expects continued growth in metro areas and mobility trends to further boost traffic in key markets, supporting the positive trajectory of its assets.
Shareholder Returns
Ferrovial proposed a total scrip dividend of EUR0.75 per share for the upcoming year. Additionally, a share buyback program of up to EUR500 million is on the horizon, following the conclusion of a similar buyback program outlined to run until May 1, 2024.
With these strong results and promising future projections, Ferrovial is poised for continued success in the year to come.
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