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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Ferrovial    FER   ES0118900010

FERROVIAL

(FER)
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Ferrovial SA : Ferrovial lands 108.8 million euro contract to build a section of Spain's high-speed railway to Galicia

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04/19/2012 | 01:16pm EDT

The company will build the railbed between the Padornelo Tunnel and Lubián, a section measuring 7.6 kilometers which passes through the municipalities of Requejo and Lubián (Zamora province). The contract includes the construction of a tunnel and two viaducts. This section, which is part of the Madrid-Galicia high-speed railway project, is worth 108.8 million euro.

Madrid, 19 April 2012- Ferrovial Agroman, a construction subsidiary of Ferrovial, has been awarded a contract to build the Padornelo Tunnel-Lubián section of the Madrid-Galicia high-speed railway line, for 108.8 million euro.

This section of line, which is 7.6 kilometers long and will have a single-track 8.5-meter wide bed, crosses the Requejo and Lubián municipalities, in Zamora province.

The project includes the construction of the right gallery of the Pardonelo Tunnel (6,407 meters long) and galleries connecting with the existing tunnel, which will be upgraded as part of a different project. Ferrovial Agroman will also build the Leira viaduct (168 meters long) and the Pedro viaduct (295 meters long), both for the right-hand track. This project will be completed by the end of 2015.

This section is part of the 99-kilometer route between Puebla de Sanabria (Zamora) and Orense (Galicia) and is one of the most complex segments of the Madrid-Galicia high-speed railway line because of the area's rugged terrain.

High-speed railway projects in Spain

Ferrovial Agroman has extensive experience in high-speed railway projects in Spain. The company recently built the Elche-Carrús section of railway and completed assembly of an Iberian gauge line on the Albacete-Variante de Alpera section, both part of the high-speed railway connecting Spain's east coast. Ferrovial Agroman is currently building the railbed for the Venta de Baños junction as part of the North-Northeast corridor and the Rialiño-Padrón section of the Atlantic Route.

Ferrovial Agroman also has a cooperation agreement with Adif for R&D and innovation at the Málaga Rail Technology Center.

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Financials (EUR)
Sales 2019 5 974 M
EBIT 2019 395 M
Net income 2019 351 M
Debt 2019 4 013 M
Yield 2019 3,07%
P/E ratio 2019 49,9x
P/E ratio 2020 41,8x
EV / Sales2019 3,63x
EV / Sales2020 3,50x
Capitalization 17 702 M
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Average target price 23,98  €
Last Close Price 24,02  €
Spread / Highest target 12,4%
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Spread / Lowest Target -23,0%
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Íñigo Meirás Amusco Chief Executive Officer & Executive Director
Rafael del Pino y Calvo-Sotelo Executive Chairman
Ernesto López Mozo Chief Financial Officer
Federico Flórez Gutiérrez Chief Information & Innovation Officer
Santiago Bergareche Busquet Vice Chairman
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