Quarterly ResultMay 7, 2026, 04:54 PM
Ferrovial Q1 Revenue +10.2% LfL to EUR 2.1B; Adj. EBITDA +15.0% LfL
AI Summary
Ferrovial reported solid Q1 2026 results with double-digit growth in revenue and adjusted EBITDA, driven by strong performance across all business divisions, particularly US Highways. Revenue increased by 10.2% on a like-for-like basis to EUR 2,098 million, and adjusted EBITDA rose by 15.0% like-for-like to EUR 321 million. The company maintained a strong financial position with significant liquidity and a record-high construction order book, while also progressing on key projects like JFK New Terminal One.
Key Highlights
- Revenue grew +10.2% LfL to EUR 2,098 million in Q1 2026.
- Adjusted EBITDA increased +15.0% LfL to EUR 321 million.
- Highways revenue rose +13.7% LfL, with US Highways adjusted EBITDA up +12.0% LfL.
- 407 ETR traffic increased +8.2%, with revenue up +20.0% to CAD 492 million.
- Construction adjusted EBIT margin was 3.1%; order book reached EUR 17,555 million.
- Ex-infrastructure liquidity stood at EUR 5,451 million.
- Ferrovial-led consortium was shortlisted for the I-77 South Express Lanes project.
- JFK New Terminal One reached 87% overall physical progress.