Ferrovial SE Stock Price, News & Analysis

Ferrovial SE (FER) has announced an interim scrip dividend totaling EUR 228 million, offering shareholders the choice between cash or shares. The dividend per share will be announced on May 21, 2025. Shares will trade ex-dividend on May 22, 2025, for European exchanges and May 23, 2025, for Nasdaq, with a record date of May 23, 2025.

Shareholders can elect their preference between May 26-June 6, 2025 (for Euroclear/Iberclear participants) or May 27-June 6, 2025 (for DTC participants). If no election is made, shareholders will automatically receive shares. The conversion ratio will be determined based on the volume-weighted average price during June 4-6, 2025. Payment and share delivery will commence from June 25, 2025.

Ferrovial held its Shareholders Meeting following a strong 2024 performance, marked by significant asset rotation and its Nasdaq listing debut. The company reported an adjusted EBITDA of €1.3 billion, up 38.9% year-over-year, and revenue of €9.1 billion, growing 6.7% from 2023. Net profit reached €3.2 billion, boosted by strategic divestments.

Key transactions included selling a 19.75% stake in Heathrow Airport for €2 billion and a 5% stake in IRB Infrastructure Developers for €211 million. The company distributed €831 million to shareholders in 2024 and plans to distribute €570 million in 2025, plus an additional share buyback program of up to €500 million.

The company's stock appreciated 23% in 2024, outperforming the IBEX 35. Shareholders approved the re-election of Rafael del Pino as Chairman and executive director, along with several board appointments.

DXC Technology (NYSE: DXC) has launched DXC AI Workbench, a comprehensive generative AI solution combining consulting, engineering, and secure enterprise services. Ferrovial (NASDAQ: FER), a global infrastructure company, is the anchor client implementing this technology across its 24,000-employee operations.

The AI Workbench deployment at Ferrovial features over 30 AI agents making real-time decisions, integrated with their back-office systems including Workday, ServiceNow, and Microsoft Teams on the Azure platform. The implementation aims to optimize field operations, enhance safety measures, manage business knowledge, analyze competition, and assess regulatory impacts.

According to Howard Boville, President of DXC Consulting & Engineering Services, the solution emphasizes secure deployment and regulatory compliance through human oversight and customization. Ferrovial's CIIO Dimitris Bountolos reported improved operational efficiency, reduced risks, and enhanced decision-making capabilities through the implementation.

Ferrovial has announced an agreement to acquire up to a 5.06% stake in 407 ETR from AtkinsRéalis for approximately CAD $2.09 billion. The transaction is structured in two tranches: 3.30% at closing and 1.76% deferred for up to 18 months through a put and call option agreement. This acquisition would increase Ferrovial's ownership in 407 ETR to 48.29%.

The deal is part of a larger transaction where AtkinsRéalis will sell its remaining 1.7% stake to CPP Investments, while PSP Investments will acquire a 7.51% interest from CPP Investments. The transactions are expected to complete in Q2 2025, subject to closing conditions.

407 ETR is a 108-kilometer electronic toll highway in the Greater Toronto Area, serving over three million people weekly. Ferrovial has been a shareholder since 1999, demonstrating long-term commitment to this infrastructure asset.

Ferrovial CEO Ignacio Madridejos released a letter highlighting the company's achievements in 2024 and outlook for 2025. The company reported strong financial performance with adjusted EBITDA of $1.5 billion (up 38.9%) and revenue of $9.9 billion (up 6.7%).

Key developments include:

• Listing on Nasdaq Stock Exchange in May 2024
• 10-year anniversary of North Tarrant Express, generating $20.2 billion economic impact
• Progress on $9 billion New Terminal One at JFK International Airport
• Launch of $72 million solar plant project in Leon County, Texas
• Establishment of new Digital Infrastructure Division

The company aims to expand its infrastructure investments in key U.S. markets including Atlanta, Charlotte, Nashville, and Northern Virginia, focusing on highways, airports, and energy projects.

Ferrovial reported strong financial performance in 2024, with adjusted EBITDA increasing 38.9% to $1.5 billion and revenue growing 6.7% to $9.9 billion year-over-year. Net profit reached $3.5 billion, driven by asset rotation gains.

The company's toll roads division saw 19.6% revenue growth to $1.4 billion, with significant performance in North America. The 407 ETR in Canada experienced 4.8% traffic growth, while U.S. Express Lanes showed solid revenue per transaction increases, with I-66 Express leading at 33.2% growth.

The Construction division achieved a record order book of $17.3 billion, with revenue rising 3.8% to $7.8 billion. The adjusted EBIT margin reached 3.9%, exceeding the 3.5% target. Notable milestones included Ferrovial's Nasdaq listing in May 2024 and maintaining strong liquidity of $5.5 billion with consolidated net debt of -$1.9 billion.

Ferrovial has secured its position in the Dow Jones Sustainability Index (DJSI) World for the 23rd consecutive year, achieving top ranking in the construction and engineering sector in Europe and second place globally. The company's inclusion in this prestigious index, which evaluates over 2,500 publicly traded companies, demonstrates its continued leadership in sustainability practices.

CEO Ignacio Madridejos highlighted the company's commitment to delivering high-value infrastructure that contributes to community well-being and socio-economic growth. Ferrovial's sustainability excellence is further validated by its inclusion in other major indices including CDP, ISS ESG, Moody's, Sustainalytics, and GRESB.

The company's 2030 Sustainability Strategy focuses on environment, community, and governance. Notably, Ferrovial became the first company to receive AENOR certification for strategic alignment with UN Sustainable Development Goals.