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Ferrovial Q1 profit climbs 41.2% YOY

Ferrovial SA said its normalized net income for the first quarter came to €82.8 million, an increase of 41.2% from €58.6 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 3.9% from 3.0% in the year-earlier period.

Total revenue rose 10.4% on an annual basis to €2.15 billion from €1.94 billion, and total operating expenses climbed 10.1% on an annual basis to €2.00 billion from €1.82 billion.

Reported net income totaled €118.0 million, compared with €65.0 million, or 9 cents per share, in the year-earlier period.