Ferrovial - Annual Report 2010

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Spanish version



The construction business had revenue of 4.5251 billion euro, with an order backlog of 10.1857 billion euro, an all-time high for the company, and equivalent to 27 months of guaranteed production at current levels.  

In 2009 for the first time in history the international order backlog was larger than the national, and in 2010 this proportion has increased still further. The international order backlog is now 64% of the total, international revenue 53%, and operating earnings 52%, while 100% of pre-tax operating cash flow has been generated outside Spain. The current year has confirmed the trend for the proportion of international business to increase in the Construction division. This trend will be irreversible in the future.

In a year that was particularly difficult for Spain, this strategic international expansion has meant that there has been growth in sales and operating earnings, but above all in the order backlog (up 16%), which stood at an all-time high of 11.444 billion euro in June.

The internationalization process has also been key for achieving pre-tax operating cash flow of 373 million euro, far beyond the most optimistic expectations. The accumulated cash flow generated by the division over the last 3 years has been nearly 1.250 billion euro, an exceptional figure at a time of crisis such as the present.

Ferrovial Agroman

This is the flagship company of the Group’s Construction division. It is active in all areas of civil engineering, building and industrial projects.

In 2010, Ferrovial Agroman recorded revenue of 1.997 billion euro in Spain with an order backlog totaling 3.1808 billion. Revenue from international activities totaled 890.7 million euro, with an order backlog at the close of the year totaling 3.2227 billion.


This Ferrovial subsidiary is active in the engineering and construction of water and waste treatment plants. It is the Spanish market leader in its industry and has prestige at an international level. Revenue in 2010 totaled 141.6 million euro with an order backlog at the close of the year totaling 509.8 million euro.


Budimex is Poland’s largest construction company in terms of business volume and stock market capitalization. It has been a Ferrovial subsidiary since 2000. The company is involved in all types of civil work, building, industrial and real estate projects. Revenue in 2010 totaled 1.0145 billion euro with an order backlog at the close of the year totaling 1.7432 billion.  


Webber is the largest contractor of transport infrastructures in Texas (United States). It specializes in civil work and is the leading producer and distributor of recycled aggregate. It was acquired by Ferrovial in 2005, and recorded total revenue in 2009 of 490.2 million euro, with an order backlog at the close of the year totaling 1.5293 billion.

Alejandro de la Joya - Results 2010

Alejandro de la Joya - Results 2010

The CEO of Ferrovial Agroman explains that the main construction figures show greater international growth. "We have set a new record in terms of backlog."

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This is an electronic version of the 2010 Annual Report prepared by Ferrovial S.A. for its stakeholders, which aims to be complete and accurate. The contents of this version can be checked by referring to the print version. A copy of the print version in PDF format is available to download on this web page