Ferrovial’s 2015 profits increase 79%

Spanish infrastructure group Ferrovial has announced that its 2015 net profit was $790m, a 79% increase on 2014’s results.

The company’s revenue grew 10% to just over $1bn, and its earnings before interest, taxes, depreciation and amortization rose 4.5% to $1.1bn.

Ferrovial says the numbers are the result of "good business performance" in its airport and toll road traffic businesses, and an increase in construction revenues.

International revenue increased 15%, accounting for 72% of the total.

Net profit was boosted by the sale of some toll roads, however the money from the sale of the Chicago Skyway and the M3 and M4 toll roads in Ireland were not included as the deals have not yet been done.

Ferrovial’s backlog reached a record amount of $35bn, of which $25bn relate to services and $10bn to construction.

The company’s two main assets, Canadian toll road 407 ETR and Heathrow Airport, maintained strong growth in revenues and traffic.

Image via Ferrovial

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