Ami Galla's questions to Ferrovial (FER) leadership • Q2 2025
Question
Ami Galla from Citigroup Inc. inquired about recent pricing and traffic trends in U.S. Managed Lanes, including disruptions from Texas floods, and the phasing of the Budimex and Webber order books.
Answer
CEO Ignacio Madridejos reported that positive underlying economic growth is driving U.S. Managed Lanes performance, though adverse weather had a negative impact. He noted traffic declines at NTE and LBJ were due to construction. He expressed long-term optimism for Budimex and highlighted Webber's record order book, with the future U.S. outlook dependent on new project wins.