Ferrovial Achieves Significant Growth with Record EBITDA in 2024
Ferrovial Reports Impressive Financial Results for 2024
Ferrovial has concluded an outstanding year marked by exceptional operating performance and effective asset rotation strategies. In 2024, the company achieved an adjusted EBITDA of $1.5 billion, reflecting a 38.9% increase year over year in like-for-like terms. This remarkable growth was supported by robust performances across all its business areas, leading to total revenue reaching $9.9 billion, indicating a 6.7% growth on the same basis.
Strong Performance Across Business Divisions
Toll Roads Thrive
The toll roads division enjoyed a significant boost, reporting a 19.6% increase in revenue to $1.4 billion, driven primarily by solid growth in North America. The transactions in key markets like Virginia and Texas reached impressive levels, ensuring a healthy EBITDA improvement of 19.5% to $993 million.
Record Construction Orders
In the construction sector, Ferrovial has recorded a remarkable order book totaling $17.3 billion, marking a milestone achievement for the division. The division successfully surpassed its profitability target for the year, with adjusted EBIT hitting $975 million and a margin of 3.9% against the set goal of 3.5%.
Executive Insights on Future Growth
“2024 was pivotal for Ferrovial,” stated Ignacio Madridejos, CEO. “Our growth trajectory has been bolstered by solid financial results from diverse business units. We are particularly excited about our infrastructure assets in North America and the opportunities arising from a robust pipeline of projects.”
Financial Health and Future Prospects
Ferrovial closed the year with a strong financial footing, maintaining liquidity of $5.5 billion and a consolidated net debt of -$1.9 billion. The successful divestment of assets like Heathrow Airport yielded substantial capital gains, directly contributing to the company’s profits.
Dividend Inflows and Investments
Throughout the year, Ferrovial received more than $1 billion in dividends from its infrastructure assets, which were reinvested into growth initiatives and shareholder distributions. Notably, the construction business saw a 3.8% revenue increase, further solidifying its place in the market.
Innovations and Expansion in Airports
In the aviation sector, Dalaman Airport welcomed 5.6 million passengers in 2024, reflecting a notable growth fueled by expanded airline operations and newly launched routes. Furthermore, the improvements at JFK International Airport's New Terminal One remain within budget and on schedule, enhancing Ferrovial's reputation in the airport infrastructure domain.
Energy Division Track Record
Ferrovial's energy division has begun to take shape, generating $292 million in revenues with a contribution of $2.2 million in adjusted EBITDA. This division is expected to play a vital role in the company’s future directions, focusing on sustainable energies.
Notable Milestones Achieved
2024 marked an important milestone as Ferrovial's shares began trading on the Nasdaq stock exchange, a significant step in its international presence and growth strategy. With a strengthened position as one of the leading infrastructure companies in Europe, Ferrovial is well-prepared to identify and leverage new growth opportunities across various global markets.
Commitment to Sustainability and Innovation
Ferrovial’s commitment to sustainability is integral to its operations, and the company is consistently recognized in benchmarks like the Dow Jones Sustainability Index. As a member of Spain's blue-chip IBEX 35 index and with listings in multiple markets, Ferrovial continues to advance its infrastructure projects tailored to modern demands.
Frequently Asked Questions
What was Ferrovial's adjusted EBITDA for 2024?
Ferrovial reported an adjusted EBITDA of $1.5 billion, marking a significant increase of 38.9% from the previous year.
How did the toll roads division perform in 2024?
The toll roads division experienced a 19.6% increase in revenue, totaling $1.4 billion, significantly bolstered by traffic growth in North America.
What major milestone did Ferrovial achieve in 2024?
In 2024, Ferrovial’s shares began trading on the Nasdaq, marking a key milestone in the company's international growth efforts.
How is Ferrovial approaching future growth?
Ferrovial is focusing on leveraging its strong portfolio of infrastructure assets and exploring new project opportunities, especially in North America.
Where can I find more information about Ferrovial's business performance?
For detailed insights into Ferrovial's financial performance and future strategies, please refer to their Investor Relations page on their official website.
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