Infrastructure company Ferrovial N.V. (FER,FERE.XD,FER.AS,FER.MC) Thursday reported an increase in revenues for the first quarter.
Revenue increased to 2.098 billion euros from 2.059 billion euros in the year-ago quarter. On a like-for-like basis, revenue grew 10.2%.
Adjusted EBITDA rose 4.0% to 321 million euros from 309 million euros last year, while like-for-like adjusted EBITDA growth was 15.0%.
Adjusted EBIT edged down to 198 million euros from 199 million euros a year ago.
Operating profit declined sharply to 197 million euros from 496 million euros last year.
Highways revenue increased 3.6% to 336 million euros, while adjusted EBITDA for the segment was broadly flat at 235 million euros.
Construction revenue rose 2.6% to 1.63 billion euros, with adjusted EBITDA increasing 9.1% to 95 million euros.
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