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Ferrovial, S.A. (0P2N.L)

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5,818,999,808.00+6.07 (+0.00%)
As of 06:07PM EDT. Market open.
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  • Reuters

    Ferrovial posts H1 net profit of 50 million euros as traffic recovers

    Spanish conglomerate Ferrovial on Thursday reported a net profit of 50 million euros for the first half of 2022, leaving behind a gruelling period of losses as more cars got back on the road and more airplanes took off. Ferrovial said revenues rose 6.2% to 3.46 billion euros in the first six months of 2022 due a steady recovery of the toll road and airport markets as rules imposed during the COVID-19 pandemic were almost all lifted in Europe and North America. The U.S. accounts for 76.8% of Ferrovial's toll road revenues, and the company said it has fully recovered to pre-pandemic levels despite the deterioration of the macroeconomic environment, the impact of the Omicron variant and weather conditions in the first quarter.