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Ferrovial SE - FER STOCK NEWS

Welcome to our dedicated page for Ferrovial SE news (Ticker: FER), a resource for investors and traders seeking the latest updates and insights on Ferrovial SE stock.

Ferrovial SE (symbol: FER) is a Spanish multinational company renowned for its expertise in the infrastructure sector. The company is organized into four key segments: Toll Roads, Airports, Construction, and Energy and Mobility Infrastructures. Ferrovial's Toll Roads division is involved in developing and operating toll roads globally. The Airports segment manages four major airports in the United Kingdom: Heathrow, Aberdeen, Glasgow, and Southampton.

The Construction segment is responsible for designing and constructing a variety of infrastructure projects, including buildings, transport networks, and water facilities. Meanwhile, the Energy and Mobility Infrastructures segment focuses on the operation of infrastructure for transport, natural resources, utilities, telecommunications, and waste management.

Ferrovial has made significant strides in its internationalization efforts. Recently, the U.S. Securities and Exchange Commission (SEC) declared its registration statement on Form 20-F effective, leading to the commencement of trading of Ferrovial's ordinary shares on the Nasdaq Global Select Market under the ticker symbol 'FER'. This move marks Ferrovial as the first IBEX 35 index company to list on Nasdaq.

The company has been active in the U.S. market for over two decades, building a substantial portfolio of infrastructure assets. The admission to Nasdaq is a key milestone in Ferrovial's growth strategy in North America.

Financially, Ferrovial reported a robust performance in the first quarter of 2024, with an adjusted EBITDA of $276 million, a 37.6% growth compared to Q1 2023. Revenues also saw a 3.5% increase to $2 billion. The Toll Roads and Construction divisions were the primary drivers of this growth.

Ferrovial is also focused on shareholder value, as evidenced by its recent share buyback program. Launched in May 2024, the program aims to repurchase up to 37 million shares, with a total maximum net investment of EUR 500 million, illustrating the company's strong financial health and commitment to enhancing shareholder value.

In terms of environmental and social responsibility, Ferrovial is recognized as one of the world's leading environmental companies by CDP and is part of the Dow Jones Sustainability Index and FTSE4Good. The company adheres to the principles of the UN Global Compact, which it adopted in 2002, ensuring its operations align with sustainable and ethical standards.

Ferrovial continues to innovate and expand its market presence. Recently, the company partnered with DXC Technology and Microsoft to develop the Quercus generative AI platform, aimed at integrating secure AI solutions across business operations to boost efficiency and profitability.

With a workforce of over 24,000 and operations in more than 15 countries, Ferrovial remains a pivotal player in the global infrastructure landscape, poised for continued growth and success.

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Ferrovial, a global infrastructure company, has announced leadership changes in its construction division for the U.S. and Canada. Pepe Baraja has been appointed CEO for the region, replacing Angel Luis Sanchez, who has been promoted to Major Projects and Operations Director globally. These changes are part of Ferrovial's strategy to support its next phase of growth, particularly as infrastructure investment strengthens in the U.S.

Baraja, who joined Ferrovial in 2002, will oversee all ongoing projects and business development activities in North America. He previously served as chief operating officer for the U.S. and Canada, involved in key projects like the New Terminal One at JFK International Airport and the Ontario Line in Toronto. Sanchez, a 35-year veteran of the company, will now define strategy and direct major project operations globally.

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Ferrovial has announced Frank Raha III as the new U.S. vice president of corporate affairs for its highway division, Cintra.

Raha will oversee government relations and support business development as Ferrovial expands its U.S. footprint. He will report directly to Cintra's U.S. CEO, Alberto Gonzalez.

Raha brings extensive experience in both private and public sectors, having worked with federal, state, and local governments. He has a history of successful public policy initiatives and project launches.

Prior to joining Ferrovial, Raha held leadership roles in government relations at HNTB and Holcim, and served in key positions within the Michigan Department of Transportation.

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DXC Technology (NYSE: DXC), Ferrovial (NASDAQ: FER), and Microsoft have announced a collaboration to develop Quercus, a generative AI platform. The platform aims to help organizations worldwide integrate secure, responsible AI solutions to enhance efficiency and profitability. DXC will standardize and commercialize Quercus, running on Microsoft Azure and OpenAI technology. Ferrovial has already implemented an early version, creating an AI virtual assistant for various business activities. This initiative is expected to revolutionize AI-supported business services, offering significant competitive advantages for users.

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Ferrovial (Nasdaq: FER) reported a 37.6% increase in adjusted EBITDA for Q1 2024, reaching $276 million. Revenue rose by 3.5% to $2 billion, driven by Toll Roads and Construction divisions. The company's Express Lanes in North America saw significant traffic growth, particularly North Tarrant Express 35W and I-66. Heathrow Airport achieved a record 18.5 million passengers. Ferrovial maintains high liquidity of $5.3 billion with a consolidated net debt of $-720 million. Key investments included a 24% stake in IRB Infrastructure Trust for $803 million and contributions to JFK's New Terminal One. A $129.8 million dividend was approved for Q2. The company was also recognized by CDP for its environmental efforts.

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Ferrovial, a leading infrastructure company, has begun trading on the Nasdaq under the symbol 'FER'. The U.S. listing marks a significant step in the company's internationalization efforts and expansion plans in North America. Ferrovial's ordinary shares will also continue to trade in Spain and the Netherlands. The company's admission to the U.S. market aims to showcase the value of its assets and projects to American investors interested in the infrastructure sector. Additionally, Ferrovial has extended its share buyback program to the U.S. markets, with a total net investment of EUR 500 million and a maximum of 37,000,000 shares to be repurchased.

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FAQ

What does Ferrovial SE do?

Ferrovial SE is a Spanish industrial company operating in four segments: Toll Roads, Airports, Construction, and Energy and Mobility Infrastructures.

Where does Ferrovial SE operate?

Ferrovial SE operates in more than 15 countries, with significant contributions from the USA and Poland.

What recent achievements has Ferrovial SE made?

Recently, Ferrovial SE listed its ordinary shares on the Nasdaq Global Select Market and reported strong financial results for Q1 2024.

How is Ferrovial SE performing financially?

In Q1 2024, Ferrovial SE reported an adjusted EBITDA of $276 million and a revenue increase to $2 billion, driven by growth in the Toll Roads and Construction segments.

What is the significance of Ferrovial SE listing on Nasdaq?

Listing on Nasdaq marks a key step in Ferrovial SE's internationalization process and highlights its growth commitment in North America.

What are Ferrovial SE's environmental and social responsibility credentials?

Ferrovial SE is part of the Dow Jones Sustainability Index and FTSE4Good, and adheres to the UN Global Compact principles.

What is Ferrovial SE's share buyback program?

Ferrovial SE's share buyback program aims to repurchase up to 37 million shares with a maximum net investment of EUR 500 million.

What innovative projects is Ferrovial SE involved in?

Ferrovial SE has partnered with DXC Technology and Microsoft to develop the Quercus generative AI platform, aimed at integrating secure AI solutions across business operations.

How many employees does Ferrovial SE have?

Ferrovial SE has a workforce of over 24,000 people worldwide.

What are Ferrovial SE's core business segments?

Ferrovial SE's core business segments are Toll Roads, Airports, Construction, and Energy and Mobility Infrastructures.

Ferrovial SE

Nasdaq:FER

FER Rankings

FER Stock Data

30.93B
745.39M
32.27%
28.23%
0.1%
Infrastructure Operations
Industrials
Link
United States of America
Amsterdam