Madrid (EFE) .- Ferrovial next Friday fulfills its first year of price in the American technological market Nasdaq, a period in which its shares have been revalued around 40 %, which represents investors to the commitment of the construction company for continuing to grow in the international market.
This positive evolution also consolidates the group’s strategy -specialized in large public works -, consisting of focusing on the US and Canada while still analyzing opportunities in other countries, surpassed the media stir that was organized two years ago, when he announced the transfer of his registered office to the Netherlands to quote there, as a previous step to its premiere on Wall Street.
As he explained then, his intention was to access a broader capital base to continue growing, although he had to face the firm opposition of the government, which tried that the group withdraws of their plans, which he did not see economic justification, and chose to go out to the New York Stock Exchange without the need to move its headquarters.
Government accusations
In fact, the president of the Government, Pedro Sánchez, came to accuse the president of Ferrovial, Rafael del Pino, of not being a businessman committed to his country and looking with his transfer “tax benefits.”
These accusations did not make the group change their minds, but quite the opposite, as demonstrated shortly after, in a board of shareholders from which it came out reinforced and with a forceful majority support for their plans.
The group, which operates in the US for more than 20 years and has assets in the states of Texas, Virginia and Carolina del Norte, in addition to developing the new Terminal 1 of the JFK airport in New York, quotes in the bags of Spain, Amsterdam (Netherlands) and the USA, where it is present in the Dow Jones index and in the Nasdaq technological index.
In these last twelve months the good news has happened, such as the Net Record benefit of 3,239 million euros achieved in 2024, well above the 460 million of 2023, largely by the surplus value obtained by strategic divestments such as the sale of part of its participation in the Heathrow airport.
The group’s revenues rose 6.7 %, to 9,147 million euros, and the adjusted Ebitda or benefit before taxes, interest and amortizations grew almost 39 % and stood at 1,342 million euros.
The business in North America, one of the keys to the accounts
The business in North America was one of the keys to US and Canadian highways and highways experienced double -digit traffic and income growth, and the construction division broke orders and profitability portfolio record.
Despite these good data, the company recognizes the uncertainty generated by the arrival of Donald Trump to the White House for a second mandate and admitted the difficulties that the hardening of the conditions for the importation of teams from certain countries can suppose for its accounts.
In the Annual Shareholders’ Board of April 24, the second held in Amsterdam, the CEO, Ignacio Madridejos, reaffirmed Ferrovial’s commitment to the US. UU., Although without neglecting the analysis of operations in other countries, especially to build “sustainable, innovative and efficient infrastructures.”
The president of Ferrovial and the main shareholdist with 21.3 %, Rafael del Pino, re -elected at the Board for another mandate, exceptionally described the company’s trajectory in 2024, the year in addition to debuting in the Nasdaq, distributed a record dividend from its highways in the US which will begin its operations in 2026.
