Harishankar Ramamoorthy's questions to Ferrovial (FER) leadership • Q2 2025
Question
Harishankar Ramamoorthy of Deutsche Bank AG questioned if the 407 ETR's promotional strategy favored volume over price, and asked if weak order inflows at BUDIMEX were due to more than just timing.
Answer
CEO Ignacio Madridejos stated the 407 ETR's promotions aim to attract new users without degrading service for regulars, noting that demand elasticity for historical users remains low. Regarding BUDIMEX, he acknowledged lower H1 order intake but expressed long-term optimism for Poland based on European funds and infrastructure investment.