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Ferrovial, in the red: loses 410 million in 2020 due to the impact on airports

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Ferrovial has closed 2020 with losses of 410 million euros, compared to the profit of 268 million registered in 2019. The decrease in air traffic caused by the Covid19 pandemic has weighed down its annual accounts.

London Airport has been one of the most affected with a drop in travelers of more than 72%, which translates into sales of 1,175 million pounds and an adjusted EBITDA of 270 million pounds.

The positive part of the accounts is in the Construction division. The income from this part of the business have increased by 11.4% to reach 5,862 million euros thanks to the momentum of projects in the United States and the good evolution of Budimex. 87% of the turnover corresponds to international activity.

Ferrovial will hold its general shareholders' meeting on April 8 and 9 in which the remuneration of a flexible dividend will be approved similar to those of the previous seven years. Taking as a reference the average price of Ferrovial's closing price between February 2 and 5, it would be equivalent to the payment of a dividend of approximately 0.51 euros per share.

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