Ferrovial narrows net loss to EUR92.4 million, including divestment in London Gatwick
Shares in Spain’s Ferrovial, owner of BAA, dipped 2.2% yesterday upon the release of the company’s financial report for the 12 months ended 31-Dec-2009. EBITDA of EUR2,540 million for the year was flat (-0.2%), on an 8% reduction in revenue to EUR12,095 million. Ferrovial reported a net loss for the period of EUR92.4 million, including divestments, curbing losses from EUR811.8 million in 2008. The sale of Gatwick Airport was a principle divestment in 2009.
