- Ferrovial's revenues amounted to 2,885 million euro (+39%) and EBITDA to 227 million euro (+17%) as a result of good asset performance, traffic growth, new international construction contracts and the integration of Broadspectrum.
- The main assets improved financial results and traffic volumes, and increased dividend payments. EBITDA increased at 407 ETR (+17.5%) and Heathrow Airport (+3.8%) in local currency terms.
- Traffic increased steadily in both Toll Roads and Airports: 407 ETR (+5.6%), LBJ (+22.6%), NTE (+7.6%), Ausol I (+7%), Heathrow (+2.2%) and Glasgow Airport (+6.3%).
- The total backlog remains above 33,300 million euro, of which 79% corresponds to international contracts. New contracts include operation and maintenance of Manchester Metrolink, and a number of roads in the US and Poland. Other notable new contracts that were not yet booked in the first quarter of 2017 are the I-66, in Virginia, and a section of the Grand Parkway, in Houston.
Ferrovial, the global infrastructure operator and manager of services for cities, obtained 72 million euro net profit in the first quarter of 2017. Revenues amounted to 2,885 million euro, a 39% increase, and EBITDA to 227 million euro, 17% more than in the year-ago quarter, affected positively by the acquisition of Broadspectrum. In contrast, the 157 million euro net profit booked in the same period of 2016 included capital gains on the sale of Chicago Skyway and the M3 and M4 toll roads in Ireland. This year's earnings are attributable to good performance by the main assets, such as highway 407, Heathrow Airport, the managed lanes projects in Texas, and AGS, with strong traffic growth in all regions, together with notable new international construction contracts. Sterling's performance had a negative effect in the quarter. Ferrovial collected 154 million euro in dividends from the assets in which it holds a stake. The company divested 3.9% of Budimex for 59 million euro while retaining a 55.1% in this Polish company. In terms of operating performance, traffic increased at Ferrovial's main infrastructures—both toll roads and airports—in the US and Europe: 407 ETR (+5.6%), LBJ (+22.6%), NTE (+7.6%), Ausol I (+7%), Heathrow (+2.2%) and Glasgow Airport (+6.3%). The order book totaled 33,329 million euro, of which Services account for 24,022 million euro and Construction for 9,307 million euro; 79% of the backlog is located outside Spain (75% in the case of Services and 84% in the case of Construction). Notable new contracts include operation and maintenance of Manchester Metrolink, construction of the Gouvaes hydroelectric plant, and a number of roads in the US and Poland. Other significant new contracts that were not yet booked in the first quarter of 2017 as they were pending closure are the I-66, in Virginia, and a section of the Grand Parkway, in Houston.