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    Filipe Leite

    Senior Equity Analyst at CaixaBank

    Filipe Leite is a Senior Equity Analyst at CaixaBank BPI, specializing in coverage of major European infrastructure and construction firms such as Ferrovial and Vinci. He has established a strong track record for actionable buy, sell, and neutral recommendations, with his assessments noted in investor relations materials of industry leaders; his reports are referenced for investment decisions but specific performance metrics and rankings are not publicly disclosed. Leite began his analyst career prior to joining CaixaBank BPI, progressing through increasingly responsible roles focused on European equities before holding his current position at CaixaBank BPI as of at least 2024. While formal regulatory credentials, such as FINRA registration or securities licenses, are not listed in public databases, he is recognized among the leading institutional analysts covering Iberian and continental European markets.

    Filipe Leite's questions to Ferrovial (FER) leadership

    Filipe Leite's questions to Ferrovial (FER) leadership • Q1 2024

    Question

    Filipe Leite asked for the working capital consumption figure for Q1 2024 compared to Q1 2023 and sought confirmation on a potential sale of the AGS U.K. Airports.

    Answer

    CFO Ernesto Lopez Mozo reported a EUR 100 million working capital consumption in Q1 2024, driven by cash outflows for U.S. legacy projects. This contrasts with a positive EUR 17 million in Q1 2023, which benefited from advance payments and claim collections. Regarding AGS, he confirmed that Ferrovial's partner has initiated a sale process and that Ferrovial could join, but no final decision has been made.

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