Ferrovial falls after Q3 underlying core profits miss

Ferrovial NV

29/10/2025 08:27

** Shares in Spanish motorway and airports operator Ferrovial FERF.AS fall around 3%, pares losses after falling as much as 4.5%, after its Q3 underlying core profit missed expectations

** Ferrovial's Q3 underlying EBITDA came in at 389 million euros ($453.65 million), 3% below consensus estimates, as cited by J.P. Morgan, "driven by weaker construction margins than expected"

** "Q3 faced a tough base after a Construction margin driven beat a year ago that consensus may not have fully considered," JPM says, adding that construction margins are commonly volatile on a quarterly basis

** Share on track for its worst day since April 7, 2025, when it closed 5.4 % lower

($1 = 0.8575 euros)

(Reporting by Javi West Larrañaga)

((javier.west@thomsonreuters.com; +34 918 35 61 12))