Filipe Leite's questions to Ferrovial SE (FER) leadership • Q1 2024
Question
Filipe Leite asked for the working capital consumption figure for Q1 2024 compared to Q1 2023 and requested confirmation on whether Ferrovial is considering a sale of its stake in AGS UK Airports.
Answer
CFO Ernesto Lopez Mozo disclosed a working capital consumption of EUR 100 million 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 is in a sale process and that Ferrovial could join, but no final decision has been made.