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Ferrovial SE
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For the year ended December 31, 2022 | |||||||
Construction | Toll Roads | Airports | Energy | Other(1) | Adjustments(2) | Total | |
(in millions of euros) | |||||||
Revenue .................................... | 6,280 | 780 | 54 | 191 | 466 | (220) | 7,551 |
Total operating expenses .......... | 6,106 | 230 | 56 | 196 | 458 | (221) | 6,825 |
Fixed asset depreciation ............ | 107 | 159 | 7 | 8 | 18 | 0 | 299 |
Impairment and disposal of fixed assets ................................ | 0 | (3) | 0 | 0 | (3) | 0 | (6) |
Operating profit/(loss) ............ | 69 | 388 | (9) | (13) | (12) | 0 | 423 |
Profit/(loss) on derivatives and other net financial income/ (expense) ................................... | (34) | (109) | 19 | 0 | 50 | (1) | (75) |
Net financial income/(expense) from financing .......................... | 36 | (240) | 0 | (4) | (35) | 1 | (242) |
Net financial income/ (expense) .................................. | 2 | (349) | 19 | (4) | 15 | 0 | (317) |
Share of profits of equity- accounted companies ................ | 0 | 157 | 7 | 0 | 0 | 1 | 165 |
Profit/(loss) before tax from continuing operations ............. | 71 | 196 | 17 | (17) | 3 | 1 | 271 |
Income/(expense) tax ................ | (6) | (39) | 2 | (2) | 15 | 0 | (30) |
Profit/(loss) net of tax from continuing operations ............... | 65 | 157 | 19 | (19) | 18 | 1 | 241 |
Profit/(loss) net of tax from discontinued operations ............ | 0 | 0 | 0 | 0 | 64 | 0 | 64 |
Net profit/(loss) ....................... | 65 | 157 | 19 | (19) | 82 | 1 | 305 |
Net profit/(loss) for the year attributed to non-controlling interests ..................................... | (42) | (66) | (9) | 0 | 0 | 0 | (117) |
Net profit/(loss) for the year attributed to the parent company ................................... | 23 | 91 | 10 | (19) | 82 | 1 | 188 |
For the year ended December 31, | |||
2024 | 2023 | 2022 | |
(in millions of euros) | |||
Net profit/(loss) ......................................................................................... | 3,490 | 511 | 305 |
Profit/(loss) net of tax from discontinued operations ............................... | (14) | (16) | (64) |
Income tax/(expense) ................................................................................ | 145 | 115 | 30 |
Share of profits of equity-accounted companies ....................................... | (238) | (215) | (165) |
Net financial income/(expense) ................................................................ | (274) | 230 | 317 |
Impairment and disposal of fixed assets ................................................... | (2,208) | (35) | 6 |
Fixed asset depreciation ............................................................................ | 441 | 401 | 299 |
Adjusted EBITDA ................................................................................... | 1,342 | 991 | 728 |
Construction | Toll Roads | Airports | Energy | Other | Adjustments | Total 2022 | |||||||||||||||||
Revenue | 6,280 | 780 | 54 | 191 | 466 | (220) | 7,551 | ||||||||||||||||
Other operating income | 2 | — | — | — | 1 | (1) | 2 | ||||||||||||||||
Revenues and other operating income | 6,282 | 780 | 54 | 191 | 467 | (221) | 7,553 | ||||||||||||||||
Total operating expenses | 6,106 | 230 | 56 | 196 | 458 | (221) | 6,825 | ||||||||||||||||
Fixed asset depreciation | 107 | 159 | 7 | 8 | 18 | — | 299 | ||||||||||||||||
Impairment and disposal of fixed assets | — | (3) | — | — | (3) | — | (6) | ||||||||||||||||
Operating profit/(loss) | 69 | 388 | (9) | (13) | (12) | — | 423 | ||||||||||||||||
Profit/(loss) on derivatives and other net financial income/(expense) | (34) | (109) | 19 | — | 50 | (1) | (75) | ||||||||||||||||
Net financial income/(expense) from financing | 36 | (240) | — | (4) | (35) | 1 | (242) | ||||||||||||||||
Net financial income/(expense) | 2 | (349) | 19 | (4) | 15 | — | (317) | ||||||||||||||||
Share of profits of equity-accounted companies | — | 157 | 7 | — | — | 1 | 165 | ||||||||||||||||
Profit/(loss) before tax from continuing operations | 71 | 196 | 17 | (17) | 3 | 1 | 271 | ||||||||||||||||
Income/(expense) tax | (6) | (39) | 2 | (2) | 15 | — | (30) | ||||||||||||||||
Profit/(loss) net of tax from continuing operations | 65 | 157 | 19 | (19) | 18 | 1 | 241 | ||||||||||||||||
Profit/(loss) net of tax from discontinued operations | — | — | — | — | 64 | — | 64 | ||||||||||||||||
Net profit/(loss) | 65 | 157 | 19 | (19) | 82 | 1 | 305 | ||||||||||||||||
Net profit/(loss) for the year attributed to non-controlling interests | (42) | (66) | (9) | — | — | — | (117) | ||||||||||||||||
Net profit/(loss) for the year attributed to the parent company | 23 | 91 | 10 | (19) | 82 | 1 | 188 |
For the year ended December 31, | |||
2024 | 2023 | % Variation | |
(in millions of euros) | |||
Revenues ............................................................................................................. | 9,147 | 8,514 | 7.4% |
Other operating income ...................................................................................... | 1 | 1 | 0% |
Revenues and other operating income ........................................................... | 9,148 | 8,515 | 7.4% |
Materials consumed ............................................................................................ | 1,115 | 1,047 | 6.5% |
Other operating expenses ................................................................................... | 4,931 | 4,878 | 1.1% |
Personnel expenses ............................................................................................. | 1,760 | 1,599 | 10.1% |
Total operating expenses .................................................................................. | 7,806 | 7,524 | 3.7% |
Fixed asset depreciation ...................................................................................... | 441 | 401 | 10.0% |
Impairment and disposal of fixed assets ............................................................. | 2,208 | 35 | n.a |
Operating profit/(loss) ...................................................................................... | 3,109 | 625 | n.a |
Net financial income/(expense) from financing ................................................. | (339) | (328) | 3.4% |
Profit/(loss) on derivatives and other net financial income/(expense) .............. | (72) | (44) | (63.6)% |
Net financial income/(expense) from infrastructure projects ...................... | (411) | (372) | 10.5% |
Net financial income/(expense) from financing ................................................ | 74 | 111 | (33.3)% |
Profit/(loss) on derivatives and other net financial income/(expense) ............... | 611 | 31 | n.a |
Net financial income/(expense) from ex-infrastructure projects ..................... | 685 | 142 | n.a |
Net financial income/(expense) ....................................................................... | 274 | (230) | 219.1% |
Share of profits of equity-accounted companies ................................................ | 238 | 215 | 10.7% |
Profit/(loss) before tax from continuing operations ..................................... | 3,621 | 610 | n.a |
Income tax / (expense) ........................................................................................ | (145) | (115) | 26.1% |
Profit/(loss) net of tax from continuing operations ...................................... | 3,476 | 495 | n.a |
Profit/(loss) net of tax from discontinued operations ......................................... | 14 | 16 | (12.5)% |
Net profit/(loss) ................................................................................................. | 3,490 | 511 | n.a |
Net profit/(loss) for the year attributed to non-controlling interests .................. | (251) | (170) | 47.6% |
Net profit/(loss) for the year attributed to the parent company .................. | 3,239 | 341 | n.a |
For the year ended December 31, | |||
2024 | 2023 | 2022 | |
(in millions of euros) | |||
Net profit/(loss) .................................................................................................................. | 3,490 | 511 | 305 |
Profit/(loss) net of tax from discontinued operations .......................................................... | (14) | (16) | (64) |
Income tax/(expense) .......................................................................................................... | 145 | 115 | 30 |
Share of profits of equity-accounted companies ................................................................. | (238) | (215) | (165) |
Net financial income/(expense) ........................................................................................... | (274) | 230 | 317 |
Impairment and disposal of fixed assets(1) .......................................................................... | (2,208) | (35) | 6 |
Fixed asset depreciation(2) ................................................................................................... | 441 | 401 | 299 |
Exchange rate effect(3) ........................................................................................................ | — | 6 | (6) |
Operating results of disposed companies(4) ......................................................................... | — | (30) | — |
Restructuring costs .............................................................................................................. | — | — | 3 |
Operating results from new acquired companies(5) ............................................................. | — | — | — |
Accounting model adjustments(6) ........................................................................................ | — | — | (29) |
Non-current impact(7) .......................................................................................................... | — | — | — |
Adjusted EBITDA Comparable (Like-for-like) ............................................................ | 1,342 | 967 | 696 |