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Ferrovial reports huge net profit as airports division shrinks; BAA confident for 2011

3-Mar-2011

BAA and its consortium parent Ferrovial have issued their year-end financial statements for 2010. In the case of the Spanish company revenues, EBIT and EBITDA all fell slightly in the airports division but an EBITDA margin of around 45% was achieved. [2461 words]

Unlock the following content in this report:

Subheadings:

  • Downsizing exposure to airports
  • Swissport sold
  • BAA narrows its losses
  • Lower gearing
  • Recovery, what recovery?
  • Clutching at straws over order to sell
  • All change
  • On the railroad to nowhere

Graphs and data:

  • Table 1: Ferrovial consolidated financial highlights for the 12 months ended Dec-2010
  • Table 2: BAA financial highlights for the 12 months ended Dec-2010
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