Ferrovial, S.A. (FRRVF) Q3 2023 Earnings Call Transcript

Ferrovial, S.A. (OTCPK:FRRVF) Q3 2023 Earnings Conference Call October 31, 2023 1:00 PM ET

Company Participants

Silvia Ruiz – Head-Investor Relations

Ernesto López Mozo – Chief Financial Officer

Jose Velao – Chief Financial Officer-Cintra

Iñaki Garcia-Bilbao – Chief Financial Officer-Ferrovial Construction

Laura López – Chief Financial Officer-Ferrovial Airports

Conference Call Participants

Silvia Ruiz

Good afternoon everybody. This is Silvia Ruiz speaking and I would like to welcome you to Ferrovial’s Conference Call to Discuss the Financial Results for the Nine Months of 2023.

Just as a reminder, both the results report and presentation are available to you on our website. I’m joined here today by Ernesto López Mozo, our CFO and by the CFOs of the different business divisions. If you have any questions, you may ask them through the forum included in the webcast. During the Q&A session at the end of this call, we will be reading out your questions and who they are from.

With this, I will hand over to Ernesto. Ernesto, the floor is yours.

Ernesto López Mozo

Thanks Silvia. And welcome everybody to the first nine months of 2023 results from Ferrovial. Well, really, this was another strong quarter. I mean, our infrastructure assets performed really well, starting with the 407 ETR, we had distributions in the first nine months were higher than last year and also another one was announced post closing of the quarter.

And this was done on the back of improved traffic performance. The Managed Lanes as well posted a strong revenue growth and additional dividends from 35 West. In airports with a strong summer performance and improvement along the year, Heathrow was outstanding with September already above pre-pandemic levels.

Construction, I mean with a profitable quarter, the full nine months are affected by the first half year results with impact from

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *