Displays on a pivotal yr for the corporate and appears forward to 2025
AMSTERDAM, Feb. 28, 2025 /PRNewswire/ — Ferrovial, a international infrastructure corporate, these days immune a letter to staff and shareholders from its CEO, Ignacio Madridejos.
Expensive staff and shareholders,
2024 was once a pivotal yr for Ferrovial. I’m happy with what we’ve completed in combination. We proceed to bring complicated, crucial infrastructure reaping benefits communities all over the world, pace reaching important financial results. We bolstered our presence within the U.S., attaining vital milestones, iconic initiatives and lengthening our efforts into rising high-growth sectors.
In Would possibly, later greater than 20 a hit years running within the U.S., Ferrovial stocks started buying and selling at the Nasdaq Stock Exchange, a big step in our development technique. Our checklist on Nasdaq provides us get admission to to international capital markets, enabling us to benefit from the numerous alternatives we see within the U.S., our precedence marketplace.
2024 additionally marked the 10-year anniversary of the North Tarrant Specific, a part of the TEXpress Lanes community in Dallas-Citadel Significance. TEXpress has successfully progressed the freeway revel in for drivers around the area via offering extra worthy move choices. The challenge has had a good financial affect of $20.2 billion at the area, with over 100,000 FTE jobs supported and $5.9 billion in earned wages. The TEXpress Lanes are a chief instance of the transformative answers we convey to burgeoning metropolitan disciplines, because of people non-public partnerships. Having a look forward, we see a lovely pipeline of property in towns the place Ferrovial is already provide, akin to Atlanta, Charlotte, Nashville, and Northern Virginia, that experience a sunlit want for infrastructure to toughen mobility.
A well-maintained, environment friendly airport with excellent connectivity is a aggressive differentiator for towns and states searching to draw industry. In Pristine York, Ferrovial is the improvement of the New Terminal One at JFK World Airport — a $9 billion challenge in partnership with the Port Authority of Pristine York and Pristine Jersey. The challenge extra on funds and time table, with operations prepared to start out then yr. As soon as whole, it’ll be the most important terminal at JFK World Airport, with the capability to handover an estimated 23 million passengers yearly and handover a best-in-class revel in. We’ll proceed to capitalize at the accelerating call for for environment friendly business breeze move, with emerging passenger visitors using the desire for extra capability and extra vacationers looking for an progressed revel in.
And we’re offering power answers. In 2024, we started building of a solar photovoltaic plant in Leon County, Texas. As soon as whole, the plant can have the capability to energy 36,000 houses. This $72 million funding marks Ferrovial’s first project into renewable power initiatives within the U.S.
Our building section continues to reinforce profitability and surpassed its enthusiastic annual goal. We established a untouched Digital Infrastructure Division, bringing our many years of revel in and unique experience to information heart initiatives. Our confirmed observe report of engineering excellence and worth origination positions us nicely to enlarge our function as a world investor and developer on this rising sector.
Financially, we reported an adjusted EBITDA of $1.5 billion in 2024, a 38.9 % building up year-over-year, and delivered over $9.9 billion in annual income, up 6.7 %.
Ferrovial’s constant good fortune is pushed via the willpower of our groups, a sunlit objective to handover crucial infrastructure to our communities, our built-in industry fashion, and the assistance of our shareholders. Traders acknowledge our fine quality infrastructure property positioned in fast-growing towns ready to value above inflation, forged pipeline of numerous alternatives, robust shareholder returns, and monetary self-discipline with a long-term focal point.
In 2025, we’ll incline into our distinct industry fashion as a aggressive merit. We’ve the visible, experience and acumen to design, create, manufacture and become highways, airports and effort throughout North The united states. We look ahead to proceeding to handover leading edge infrastructure answers to communities, serving to them to wield as their populations develop.
Ignacio Madridejos
Ferrovial CEO
About Ferrovial
Ferrovial is without doubt one of the international’s infrastructure corporations. The Corporate operates in additional than 15 international locations and has a group of workers of over 25,000 international. Ferrovial is triple indexed on Euronext Amsterdam, the Spanish Hold Exchanges and Nasdaq and is a member of Spain’s blue-chip IBEX 35 index. Additionally it is incorporated in globally identified sustainability indices such because the Dow Jones Highest in Magnificence Index (former Dow Jones Sustainability Index), and all its operations are carried out in compliance with the foundations of the UN World Compact, which the Corporate followed in 2002.
Ahead-Having a look Statements
This CEO message to staff and shareholders (“CEO Letter”) accommodates forward-looking statements. Any categorical or implied statements contained on this CEO Letter that don’t seem to be statements of ancient truth is also deemed to be forward-looking statements, together with, with out limitation, statements relating to estimates and projections equipped via the Corporate and likely alternative resources with recognize to the Corporate’s monetary place, industry technique, plans, and targets of control for year operations, expectancies atmosphere year shareholder distributions, sure breeze visitors and crowd estimates, in addition to statements that come with the phrases “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “foresee,” “estimate,” “will,” “may,” “should,” “target,” “anticipate” and indistinguishable statements of a year or forward-looking nature, or the detrimental of those phrases or alternative indistinguishable expressions, even supposing no longer all forward-looking statements include those phrases. Such statements might mirror diverse guesses via the Corporate regarding expected effects and are matter to vital industry, financial and aggressive uncertainties and contingencies, and identified and unknown dangers, lots of which can be past the Corporate’s keep an eye on and is also unattainable to are expecting. Any forecast made or contained herein, and latest effects, will most probably range and the ones diversifications is also subject material. The Corporate makes disagree illustration or guaranty as to the accuracy or completeness of such statements, expectancies, estimates and projections contained on this CEO Letter or that any forecast made or contained herein shall be accomplished. Dangers and uncertainties that would reason latest effects to vary come with, with out limitation: dangers similar to our numerous geographical operations and Industry Categories; dangers similar to our acquisitions, divestments and alternative strategic transactions that we might adopt and making an allowance for that our industry is derived from a mini collection of initiatives; the affect of aggressive pressures in our trade and pricing, together with the prices of and insufficiency of walk in the park in profitable aggressive affectionate processes; basic financial and political situations and occasions and the affect they will have on us; our talent to acquire sufficient financing going forward as wanted; our talent to guard compliance with the continuing checklist necessities of Nasdaq World Make a choice Marketplace, Euronext Amsterdam and the Spanish Hold Exchanges; complaints and alternative claims via 3rd events or investigations via diverse regulatory businesses that we is also matter to; affect of any adjustments in current or year tax regimes or laws; dangers particular to our securities, together with the cost of year dividends, which depends upon our monetary status and result of operations, and the liquidity of our stocks as a repercussion of the more than one listings in numerous jurisdictions; dangers similar to higher digitalization and to cybersecurity ultimatum; the affects of injuries or alternative incidents at our challenge websites and amenities; bodily and transitional dangers in reference to the affects of state alternate; dangers similar to higher scrutiny and converting expectancies in reference to sustainability and ESG issues; dangers similar to the adequacy or lifestyles of our insurance plans and any non-recoverable losses; possibility related to the global nature of our industry and operations; our reliance on and skill to find, choose, observe, and supremacy subcontractors and repair suppliers; our criminal and regulatory dangers for the reason that we function in extremely regulated environments and is also matter to adjustments in laws; dangers similar to our retaining corporate construction and from our three way partnership and partnership operations; and the alternative impressive components mentioned below the caption “Risk Factors” in our Annual Record on Mode 20-F for the fiscal yr ended December 31, 2024 filed with the U.S. Securities and Change Fee (“SEC”) which is to be had at the SEC website online at www.sec.gov, as such components is also up to date from age to age in our alternative filings with the SEC. Any forward-looking statements contained on this CEO Letter discuss most effective as of the generation hereof and accordingly undue reliance will have to no longer be put on such statements. We renounce any legal responsibility or enterprise to replace or revise any forward-looking statements contained on this CEO Letter, whether or not on account of untouched knowledge, year occasions or differently, alternative than to the level required via acceptable legislation. Ahead-looking statements on this CEO Letter are made pursuant to the shield harbor provisions contained within the U.S. Non-public Securities Litigation Reform Employment of 1995. We intend such forward-looking statements to be lined via related shield harbor provisions for forward-looking statements (or their an identical) of any acceptable jurisdiction.
As well as, sure trade information and data contained on this CEO Letter has been derived from trade resources. The Corporate has no longer undertaken any separate investigation to verify the accuracy or completeness of such information and data, a few of that may be in accordance with estimates and subjective judgments. Accordingly, the Corporate makes disagree illustration or guaranty as to the accuracy or completeness of such information and data.
SOURCE Ferrovial
