Ami Galla's questions to Ferrovial SE (FER) leadership • Q2 2025
Question
Ami Galla from Citigroup Inc. inquired about recent pricing and traffic trends in the U.S. Managed Lanes, including any impact from the Texas floods, and asked for commentary on the order book phasing for Budimex and Webber, along with their long-term outlook.
Answer
CEO Ignacio Madridejos stated that underlying economic growth is driving positive trends across U.S. Managed Lanes, though adverse weather, including Texas floods, had a negative impact. He noted traffic declines at NTE and LBJ were due to specific construction disruptions. For the construction order book, he expressed long-term optimism for Budimex in Poland and highlighted a record order book for Webber in the U.S., with the future outlook supported by a strong pipeline of concession projects.