Latest news with #NTO
Yahoo
16-05-2025
- Business
- Yahoo
Ferrovial posts 19% EBITDA growth in Q1 2025
Ferrovial has registered a 19.1% increase in adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) to €309m ($346.05m) in the first quarter (Q1) of 2025. The rise was attributed to robust performance across all business divisions. The company's revenue reached €2.1bn, marking a 7.4% growth, with the US Highways division significantly contributing to this rise. The Highways division saw a 14.1% revenue increase to €324m, primarily due to growth in North America. US Express Lanes reported notable revenue per transaction growth, despite weather and calendar challenges. In Canada, 407 ETR demonstrated strong performance with double-digit EBITDA growth. Ferrovial's Construction division achieved a 3.3% adjusted EBIT margin, continuing its positive trend and improving from last year's performance. The order book reached a record €17.2bn, with North America contributing 45%, Poland 24%, and Spain 14%. In the Airports division, construction of the New Terminal One (NTO) at JFK International Airport advanced by 6% in the first quarter. Currently, NTO has secured 18 airline agreements, with 13 contracts executed and five letters of intention. As of 31 March 2025, Ferrovial reported €5.3bn in liquidity and a consolidated net debt of -€1.8bn. In the quarter, the company completed the sale of a 50% stake in AGS Airports for €538m and received €19m in dividends from projects during this period. Additionally, Ferrovial allocated €156m to shareholder distributions and €152m to equity injections in the NTO project. Ferrovial CEO Ignacio Madridejos said: 'We saw strong revenue growth across our North American assets during the first quarter, driven by robust underlying activity in the regions where these assets are located. 'We deliver the connectivity our customers demand. Our Construction division reported a healthy order book, with anticipated limited exposure to macroeconomic uncertainty.' This February, Ferrovial, through its UK construction division, was awarded a £230m contract for the Grain to Tilbury electricity infrastructure upgrade project by National Grid. "Ferrovial posts 19% EBITDA growth in Q1 2025" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
Ferrovial starts 2025 with solid results
Highways in North America delivered strong revenue performance Construction reported growth in order book and profitability AMSTERDAM, May 13, 2025 /PRNewswire/ -- Ferrovial, a leading global infrastructure company, delivered significant growth in the first quarter of 2025, boosted by strong performance in all business divisions. Both revenue and adjusted EBITDA increased, mainly driven by U.S. highways. "We saw strong revenue growth across our North American assets during the first quarter, driven by robust underlying activity in the regions where these assets are located. We deliver the connectivity our customers demand. Our Construction division reported a healthy order book, with anticipated limited exposure to macroeconomic uncertainty," said Ignacio Madridejos, Ferrovial CEO. Adjusted EBITDA amounted to €309 million in the first quarter of 2025, a 19.1% increase year over year in like-for-like terms, while revenue totaled €2.1 billion, a 7.4% growth in like-for-like terms, boosted by substantial growth across the board. Ferrovial closed the first quarter with a solid financial position, with liquidity of €5.3 billion and consolidated net debt of -€1.8 billion, excluding infrastructure projects in both cases. During this period, the company completed the sale of a 50% stake in AGS Airports for €538 million and received €19 million in dividends from projects. Ferrovial allocated €156 million to shareholder distributions and €152 million to equity injections in the New Terminal One (NTO) at JFK International Airport. Operating results The Highways division's revenue grew 14.1% in like-for-like terms to €324 million, driven by solid growth in North America. U.S. Express Lanes posted robust revenue per transaction growth, significantly outpacing inflation. However, the traffic was impacted by weather conditions and the calendar effect. In Canada, the 407 ETR showed outstanding performance during the first quarter, with double-digit EBITDA growth, despite adverse weather conditions and the leap year effect in 2024. 407 ETR approved a CAD 200 million dividend to be paid in the second quarter, 14.3% higher than last year's dividend in the same period. The Construction division reached a 3.3% adjusted EBIT margin, continuing the positive trend from previous quarters and showing a significant improvement compared to last year's performance. Order book reached an all-time high of €17.2 billion. North America accounted for 45%, Poland 24% and Spain 14%. In the Airports division, the New Terminal One at JFK International Airport progressed as planned, with construction advancing by 6% in the first quarter. As of today, NTO has reached 18 airline agreements with 13 executed contracts and five letters of intention. Conference call information Ferrovial will host a conference call on May 14 at 15:00 CEST / 9:00 a.m. EDT to discuss Q1 financial results. To access the earnings call, click here or visit KEY FIGURES(Million euro) Q1 2025 Q1 2024 Change 1/2 Revenue 2,059 1,879 7.4 % Adjusted EBITDA2 309 254 19.1 % Adjusted EBIT2 199 152 28.3 %Q1 2025 Dec 2024Consolidated net debt2 5,636 6,061Net debt, excluding infrastructure projects2 -1,847 -1,794 Q1 2025 Dec 2024 Change 1/2 Construction order book1/2 17,187 16,755 4.4 %(1) In like-for-like terms (2) Non-IFRS financial measure. For the definition and reconciliation to the most directly comparable IFRS measure, refer to the Alternative Performance Measures appendix of the Q12025 results report. HIGHWAYS: PERFORMANCE Q12025 VS Q12024 ChangeTraffic Rev/Transaction NTE -5.7 % 13.8 % LBJ 2.2 % 10.0 % NTE 35W 2.9 % 8.9 % I-77 0.4 % 21.8 % I-66 3.7 % 25.6 % ChangeVKT* Rev/Transaction 407 ETR 1.9 % 22.5 %*Vehicle kilometers travelled About Ferrovial Ferrovial is one of the world's leading infrastructure companies. The Company operates in more than 15 countries and has a workforce of over 25,000 worldwide. Ferrovial is triple listed on Euronext Amsterdam, the Spanish Stock Exchanges and Nasdaq and is a member of Spain's blue-chip IBEX 35 index. It is also included in globally recognized sustainability indices such as the Dow Jones Best in Class Index (former Dow Jones Sustainability Index) and strives to conduct all of its operations in compliance with the principles of the UN Global Compact, which the Company adopted in 2002. View original content to download multimedia: SOURCE Ferrovial Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Ya Biladi
07-05-2025
- Business
- Ya Biladi
Royal Air Maroc to launch operations from JFK's New Terminal 1 in 2026
Royal Air Maroc and The New Terminal One (NTO)—the new Terminal 1 at New York's John F. Kennedy (JFK) International Airport—have signed a strategic partnership that will allow the national airline to operate its flights from the new terminal starting in June 2026. This milestone marks a new chapter in the airline's growth strategy in the United States. This long-term partnership is part of Royal Air Maroc's broader strategy to strengthen transatlantic ties between Africa and the Americas while offering an enhanced customer experience through one of its key international gateways, the two parties stated in a joint press release. The New Terminal One is a central element of the JFK airport transformation project, spearheaded by the Port Authority of New York and New Jersey. Backed by a $19 billion investment, the ambitious initiative aims to position JFK as a premier global gateway. The project includes the creation of two new terminals, the modernization and expansion of two existing terminals, a new ground transportation center, and a completely redesigned and simplified road network. Currently, Royal Air Maroc operates its flights to Casablanca from the existing Terminal 1 at JFK, with two daily frequencies using Boeing 787 aircraft. Beginning in June 2026, the airline will relocate its operations to the new Terminal 1. Royal Air Maroc will be the first oneworld alliance member to operate from the new Terminal 1, joining a growing community of leading international airlines, including Air France, KLM, Etihad, LOT Polish Airlines, Korean Air, EVA Air, Air Serbia, SAS, Neos, Philippine Airlines, Turkish Airlines, Air New Zealand, and Air China.
Morocco World
07-05-2025
- Business
- Morocco World
Royal Air Maroc to Operate Flights from JFK's ‘New Terminal One' Starting June 2026
Doha – Royal Air Maroc and The New Terminal One (NTO) at New York's John F. Kennedy International Airport have signed a strategic partnership that will enable the national airline to operate its flights from the new Terminal 1 beginning in June 2026. The long-term partnership aligns with Royal Air Maroc's ambitious strategy to strengthen transatlantic connections between Africa and the Americas, while enhancing customer experience through one of its major international gateways, according to a joint statement from both parties. The New Terminal One represents a key component of the JFK airport transformation project, led by the New York and New Jersey Port Authority. With an investment of $19 billion, this international-scale project aims to establish JFK airport as a global gateway. The project also includes the creation of two new terminals, modernization and expansion of two existing terminals, a new ground transportation center, and a completely redesigned and simplified road network. 'We are delighted to welcome Royal Air Maroc to The New Terminal One. This step marks the beginning of an exciting new chapter for the airline in New York,' noted Jennifer Aument, President and CEO of 'The New Terminal One' at JFK. 'Guided by a shared commitment to delivering an exceptional customer experience, we look forward to a strong and lasting partnership that will support the airline's growth ambitions in the United States,' she added. Read also: Airbus Set to Supply Royal Air Maroc with 200 Aircraft by 2037 For his part, Hamid Addou, President and CEO of Royal Air Maroc, said: 'This partnership with The New Terminal One represents a major advancement for Royal Air Maroc and strengthens its strategic presence in New York, a key gateway for our transatlantic operations.' 'We are proud to join this innovative terminal, which will offer our customers an unparalleled travel experience aligned with our standards of excellence. Furthermore, this project fully aligns with our development plan, which aims to position Royal Air Maroc as a global air carrier,' he continued. Currently, Royal Air Maroc operates flights to Casablanca from the existing Terminal 1 at JFK airport with two daily frequencies, aboard Boeing 787 aircraft. Starting June 2026, the airline will relocate to the new Terminal 1. The relocation will integrate updated technology and improved facilities to streamline the passenger experience, from arrival to boarding. Royal Air Maroc travelers will also have access to expanded shopping and dining options at the terminal, which serves as one of the strategic hubs in the United States. Royal Air Maroc is the first oneworld alliance member to choose the new Terminal 1, joining a growing community of leading airlines that will operate from this terminal, including Air France, KLM, Etihad, LOT Polish Airlines, Korean Air, EVA Air, Air Serbia, SAS, Neos, Philippine Airlines, Turkish Airlines, Air New Zealand, and Air China. Tags: JFK airportRoyal Air Maroc
RTÉ News
07-05-2025
- Health
- RTÉ News
750 places on degree level courses offered outside CAO system
More than 750 places on degree level courses in areas including Occupational Therapy and Nursing are being offered to applicants outside of the CAO points system for this coming September. The courses in OT and Nursing are among six new programmes that have been added to existing programmes designed and supported by the National Tertiary Office in what is a relatively new college entry route first introduced in 2023. Unlike traditional third level programmes, under the NTO courses students begin their studies in further education colleges run by the country's Education and Training Boards before transferring after one or two years to complete their studies at a nearby university. Announcing details of the 6 new courses on offer, Minister for Further and Higher Education, Research, Innovation and Science James Lawless, said the initiatives "are giving more students than ever the chance to pursue their ambitions without being tied down by the CAO points race". As well as having no points requirement students are not charged tuition fees for their first one or two years of study. The 6 courses include Occupational Therapy beginning in Cork College of Further Education and Training or Kerry College of Further Education and progressing at UCC; Nursing at Waterford Wexford ETB and South East Technological University; A BA in Politics, Society and Media at Ballyfermot and Rathmines FET colleges and Technological University Dublin; a BSc in Digital Arts in Tipperary ETB and Technological University of the Shannon; and a BA in Social Care Practice offered by Cavan and Monaghan ETB and Atlantic Technological University. Applications have already opened and students can apply through the National Tertiary Office, at The first Tertiary Bachelors' Degrees opened in 2023 with 13 programmes on offer. Since then the number has trebled to 38. Twenty programmes are being offered for the first time this year. Minister Lawless said: "I understand that many young people feel anxious about their educational future, worrying each year if their Leaving Certificate results will be enough to get into the course they want. These programmes ensure that your exam results won't limit your options. If you're willing to study and work hard, there's a path for you in tertiary education." The National Tertiary Office said the courses are designed in partnership with industry to tackle skills shortages and equip students for careers in sectors that need them. Tanya Jones, Deputy Director of the NTO said: "Learners should be able to pursue a degree regardless of their background, family circumstances, or financial situation. No points are required, and there's no fees in the early years. There are no compromises; students earn the same Bachelor's Degree, it's just a different route." Ms Jones said demand was increasing year on year, demonstrating the need for and importance of more accessible routes.
