Ferrovial has informed that it has obtained €287 million in net profit in the first six months of 2013, an improvement of 12% year-on-year. EBITDA in the first half totalled 415 million euro, compared with €439 million in the same period last year. Revenues expanded by 2.8% in the period, to €3.758 billion. Revenues outside Spain increased by 11.8% compared with the first half of 2012, to account for 67% of the total.

Ferrovial ended the first six months of 2013 with a record Construction and Services backlog of €23.695 billion, reflecting the growing prominence of international activity. EBITDA increased notably at the company's two main assets: by 10% at the 407 ETR and by 18.2% at Heathrow Airport. Heathrow experienced a 2.4% increase in traffic in the first half.

Services expanded revenues by 17.7% at constant exchange rates and attaining a record backlog of €15.592 billion due to the acquisition of Enterprise, closed on 8 April 2013. The company also began operating in services for the mining sector in Chile, following the acquisition of 70% of Steel Ingeniería in March, and obtained other major contracts in Spain, the UK, Qatar, Portugal and Poland in recent months.

Ferrovial increased toll Roads revenues by 10.8% like-for-like in the first half, while Construction performed well in North America and improved its prospects in Poland, where Budimex increased its backlog by 10.9% in like-for-like terms.

Source: Ferrovial