Ferrovial SE

AEX:FER

Business Description

Sector

Industrials

Industry

Construction

Headquarters

Netherlands NL

Employees

24 031

IPO date

Jun 16, 2023

Ferrovial SE is an infrastructure company that builds, owns, and operates major transport assets. Its core businesses are toll roads, airports, and construction services. In practice, it helps design and maintain highways, run airport facilities through long-term concessions, and carry out civil works such as roads and other large public projects.

The company sells access to infrastructure, not consumer products. It earns money from tolls on roads it operates, from airport-related fees and concession income, and from construction contracts with governments and private clients. Its customers are mainly public authorities, transport users, and infrastructure investors or partners who need long-lived assets built and managed.

What makes Ferrovial different is its role in the infrastructure value chain. It often takes on assets for many years, which ties its business to traffic volumes, concession terms, and the steady upkeep of essential transport networks. That gives it a mix of project-based construction income and longer-term cash flow from operating infrastructure.