The infrastructure and concession manager Rail presented a loss of 100 million euros in the first nine months of 2021, compared to losses of 513 million recorded in the same period of the previous year.
The company emphasizes that it has reached a Gross Operating Income (EBITDA) of 439 million euros for the first nine months of the year. This figure represents an increase of 85.9% in comparable terms compared to the same period of the previous year, when it stood at 231 million euros. For their part, sales improved by 8.4% like-for-like, reaching € 4,807 million.
“The results are impacted by the improvement in traffic on Toll Roads, the good performance of Construction, but countered by air traffic restrictions which are still being maintained, ”the group explained.
The company’s liquidity amounts to 6,423 million euros, while net cash excluding infrastructure projects reached € 1,830 million, including discontinued operations.
Rail between January and September 76 million euros in the form of a dividend for the projects in which it participates, mainly 49 million euros from its Texas Managed Lanes.
The board of directors of the 407 ETR has approved the distribution of C $ 300 million to be distributed in October. For its part, the Construction portfolio recorded a record figure of 12,297 million euros.
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