Álvaro Lenze's questions to Ferrovial (FER) leadership • Q2 2025
Question
Álvaro Lenze of Alantra Equities requested a follow-up on the specific drivers that led to the downward revision of the Schedule 22 provision for the 407 ETR in Q2.
Answer
CEO Ignacio Madridejos clarified that the revision was a complex estimate based on new data. The primary driver was better-than-expected traffic performance during critical peak hours, largely because promotional offers effectively attracted more users to specific highway segments at specific times, reducing the expected payments.