Ferrovial - Annual Report 2012

ENG SPA

Go to secondary menu

Construction

Construction

Ferrovial Agroman has an established international position, which has grown consistently in recent years and accounted for more than two thirds of total business for the key operating lines in 2012.

Ferrovial Agroman is the Ferrovial subsidiary that carries out civil engineering, construction and industrial projects. As well as being known for its extensive experience completing all kinds of unique civil engineering and construction projects, the company also represents an international benchmark in transport infrastructure, having built more than 470 km of tunnels, 3,900 km of highways, 15,000 km of roads and 4,600 km of railroad (including 700 km of high-speed railroad). It has firmly established its international position, which has grown consistently in recent years and accounted for more than two thirds of total business for the key operating lines in 2012.

In 2012 revenues in the construction business stood at 4.326 billion euro, stable against 2011, with growth of 2% (proforma growth of 0%). The company has a large order backlog of 8.699 billion euro, equivalent to 24 months of guaranteed production at current execution levels.

The international strategy continued in 2012, with the proportion of international business growing as a percentage of the total. In 2012 it accounted for 70% of sales and backlog. This growing contribution from international operations is likely to continue in the future, as indicated by the growth in projects submitted to international tender, now accounting for 79% of total business. Furthermore, 90% of sales and 85% of the international backlog are generated by the main strategic markets: the United States, Poland, Canada and the United Kingdom, all of which are stable markets with low country risk.

EBITDA was up 37% in 2012 against the previous year (33% in comparable terms) to 337 million euro. There was a similar performance from EBIT, which stood at 298 million euro, representing a high 6.9% of revenue, compared to 5.0% in 2011. The healthy financial position of the business is demonstrated by its excellent profitability figures.

Again there was a positive flow of pre-tax operations, exceeding the forecast 100 million euro, thus culminating a five-year period of consecutive positive flows since the 2008 crisis erupted in Spain, with an accumulated flow of more than 1.6 billion euro.

Alejandro de la Joya

Alejandro de la Joya

2012 Results


attached files


 
70%
of the business is international, an all-time high
19.000
Kilometers   
Roads and toll roads
4.600
Kilometers        
Rail track and high-speed railroad
470
Kilometers 
Tunnels buit

Go to main menu

© Copyright 2019. Ferrovial
  • Dow Jones Sustainabiliy Indexes
  • LBG Spain
  • The Global Compact
  • FTSE4Good
  • Carbon disclosure project
  • Corporate Responsibility Prime. Rated by oekom research

This is an electronic version of the 2012 Annual Report prepared by Ferrovial, S.A. for its stakeholders, which aims to be complete and accurate. The contents of this version can be checked by referring to the print version. A copy of the print version in PDF format is available to download on this web page