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01 May 2025

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Ferrovial improves UK profits

1 Apr Accounts filed by Ferrovial 91黑料网 (UK) show a strong growth in profits on 2024 on steady turnover.

For the year to 31st December 2024, Ferrovial 91黑料网 (UK) made a pre-tax profit of 拢14.1m (2023: 拢5.5m) on revenue largely unchanged at 拢532m (2023: 拢527m).

The 拢1.2m operating loss seen in 2023 became an operating profit of 拢7.1m in 2024.

The Spanish civil engineering contractor targets large complex projects in the UK, often in joint venture, which as a result can make its turnover and order book oscillate. In 2023 Ferrovial 91黑料网 (UK) won no new work. The order book had been worth 拢1bn at the start of 2022; by the end of 2023 it was down below 拢650m.

However, today, thanks to its of 拢1,800m HS2 track systems contract in partnership with Bam Nuttall and the 拢230m National Grid Tilbury Grain Kingsnorth upgrade project with Bemo Tunnelling, the order book stands at nearly 拢1.4bn.

The annual report shows that the highest paid director, presumably managing director Karl Goose, saw his total emoluments for the year increase by 25% from 拢421,000 to 拢526,000

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