Ferrovial SE. (NASDAQ:FER) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET
Company Participants
Silvia Ruiz – Investor Relations Director
Ignacio del Pino – Corporate Finance Director
Ernesto López Mozo – Chief Financial Officer
Conference Call Participants
Graham Hunt – Jefferies
Elodie Rall – JPMorgan
Augustin Cendre – Stifel
Gregor Kuglitsch – UBS
Marcin Wojtal – Bank of America
Sathish Sivakumar – Citi
Nicolo Pessina – Mediobanca
Augustin Cendre – Stifel
Silvia Ruiz
Good afternoon or good morning, depending on where you are, everybody. This is Silvia Ruiz speaking, and I would like to welcome you to Ferrovial’s conference call to discuss the financial results for the third quarter of 2024.
I am joined here today by our CFO, Mr. Ernesto López Mozo; and by our Corporate Finance Director, Ignacio del Pino.
Just as a reminder, both the results report and the presentation are available on our website since yesterday evening after the U.S. market was closed. At the end of the presentation, there will be a Q&A session. [Operator Instructions]
With all this, I will hand over to Ernesto. Ernesto, the floor is yours.
Ernesto López Mozo
Thank you, Silvia, and hello to everybody. Well, we have another set of strong results this quarter, in the overview, we can see that Toll Roads continue to benefit from increased mobility in Canada in the 407. The U.S. managed lens posted solid revenue per transaction growth. Also in airports, we had record-breaking numbers at Heathrow and also strong growth in AGS and Dalaman.
Construction had another quarter with profitability improvement when we look into the whole 9 months of 2024, we have a 3.9% EBIT margin. In terms of cash, this has been a quarter — well, the first 9 months where we have received dividends from infrastructure assets of €490 million, and this includes the first dividend
