Ferrovial is already preparing the next steps after completing the change of headquarters to the Netherlands in mid-June and starting its listing in Amsterdam. In a presentation with analysts on the occasion of the publication of its semi-annual results, it anticipates that from now on it will address a corporate reorganization while it finalizes, as planned, its application to be listed in the United States.
The infrastructure group, which has its main market in North America, set itself the objective at the shareholders’ meeting in which it approved the change of headquarters to start trading in New York before the end of the year.
There are “attractive investment opportunities ahead in the United States,” the company’s financial director, Ernesto López, told analysts.
The directors of the group explained that, apart from the United States, the new investment opportunities are also focused on Europe, South America and India. The company has established its headquarters at 151 Kingsfordweg in Amsterdam.
In the first half of the year, Ferrovial obtained a profit of 114 million euros, more than double the 52 million in the same period of the previous year. Revenues increased by 11%, to 3,940 million euros, encouraged in part by the 36% improvement, to 1,742 million, of those from London Heathrow airport.
The company has also made an effort during the semester to reduce its debt, which has gone from 1,439 million at the end of last year to 819 million at the end of June. The redemption of 511 million of its hybrid bonds announced during the process of change of headquarters has been the factor that has contributed the most to lowering this variable.
In the construction area, the group accumulates an order book of 14,857 million euros, 1.1% less than a year earlier. 46% come from the United States and Canada.
