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Ferrovial holds Shareholders Meeting after a year of strong operating performance and asset rotation

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The shareholders approved the re-election of Rafael del Pino, Chairman of the Board of Directors, as executive director, and of Óscar Fanjul, Vice-Chairman of the Board, as non-executive director

AMSTERDAM, April 24, 2025 /PRNewswire/ — Ferrovial held its Shareholders Meeting this Thursday after a year marked by strong operating results and intensive asset rotation, during which the company’s shares also started trading on Nasdaq.

“2024 has been an important year for Ferrovial. In May, our shares started trading on Nasdaq. This is another step in our internationalization process and shows our commitment to investing in the United States and to the U.S. market. This milestone happened 25 years almost to the day after our initial public offering in Madrid and has been strongly backed by our shareholders,” said Ferrovial’s Chairman, Rafael del Pino, during the Meeting.

Del Pino highlighted the solid performance of all business divisions. In Highways, managed lanes in North America posted strong growth in revenue per transaction, significantly outpacing inflation. The Construction business considerably improved its profitability. In Airports, the New Terminal One (NTO) at JFK International Airport in New York achieved substantial construction milestones in the year and is on track to start operations in 2026.

Ferrovial ended 2024 with an adjusted EBITDA of €1.3 billion in 2024, a 38.9% increase year over year in like-for-like terms, while revenue amounted to €9.1 billion, a 6.7% growth compared to 2023. Net profit amounted to €3.2 billion in 2024, boosted by divestments in mature assets.

During the period, Ferrovial closed the divestment of a 19.75% stake in Heathrow Airport for €2 billion and sold a 5% stake in IRB Infrastructure Developers for €211 million. Also, the company announced an agreement for the sale of its 50% stake in AGS Airports and completed other minor asset sales. Investments were mainly allocated to Highways, as Ferrovial acquired a 24% stake in IRB Infrastructure Trust for €710 million, and Airports, with an equity investment of €469 million in NTO. 

Shareholders distributions

Ferrovial shares ended 2024 at 40.60€, having appreciated 23% in the year, compared with a 14.8% hike on the IBEX 35 index and 28.6% on the Nasdaq. For the same period, the total shareholder return was 25.7%. 

The company distributed €831 million to shareholders in 2024, including €271 million from the share buyback program announced in 2023. In 2025, it aims to distribute €570 million in dividends and share buybacks, plus the announced additional share buyback program of up to €500 million.

Focus on growth in North America

Ignacio Madridejos, Ferrovial’s CEO, explained some of the highlights allowing the company to record a remarkable year. In Highways, all assets in North America distributed dividends. Construction delivered a record order book and an adjusted EBIT margin of 3.9%, surpassing the goal set for the year. In Airports, the NTO reached physical progress of up to 60% by the end of 2024 and reached 16 agreements with airlines, including contracts executed with ten companies and six letters of intent.

In 2024, Ferrovial closed Horizon 24 and kicked off the new strategic plan. Madridejos highlighted the priorities for the coming years during his speech to the Shareholders Meeting, with a focus on sustainable growth and value creation for all the stakeholders: “Our priority is growth in North America, but we will continue exploring opportunities in other regions,” he said.

During the year, Ferrovial cemented its lead in sustainability, being recognized as Europe’s most sustainable company and second worldwide in the Construction and Engineering sector by the Dow Jones Best in Class Indices, where it has been included for 23 consecutive years. Looking ahead, Ferrovial has set a more ambitious carbon emission target aligned with the 1.5°C path approved by the Science Based Target initiative (SBTi). By 2030, it aims to cut direct emissions by 42% and indirect emissions by 25%.

Meeting resolutions

The Shareholders Meeting approved the re-election of Rafael del Pino, Chairman of the Board of Directors, as executive director, as well as the re-appointments of Óscar Fanjul, Vice-chairman of the Board, María del Pino, José Fernando Sánchez-Junco, Bruno Di Leo, Hildegard Wortmann and Alicia Reyes, as non-executive directors.

In addition to the 2024 annual accounts, the shareholders approved the issue of new shares for general corporate purposes and for the purpose of implementing one or more flexible dividends in similar terms to the previous year, the buyback of shares, and the appointment of PricewaterhouseCoopers (PwC) as external auditor and assurance provider for sustainability information, both for the period 2025-2027.

The Shareholders Meeting also approved a new Directors’ Remuneration Policy and gave a favorable advisory vote on the remuneration report and Ferrovial’s Climate Strategy Report.

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 all its operations are conducted in compliance with the principles of the UN Global Compact, which the Company adopted in 2002.

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SOURCE Ferrovial

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In HelloNation, Personal Injury Attorney Brad Altman of Wichita Falls Explains Why Timing Matters and What Attorneys Can Do

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April 27, 2026

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WICHITA FALLS, Texas, April 27, 2026 /PRNewswire/ — Why is timing critical after an injury? An article in HelloNation highlights how quickly evidence can fade, weaken a claim, and impact the outcome of a case. Brad Altman, owner of Altman Legal Group, underscores that immediate action is essential because skid marks fade, property gets repaired, and security footage may be erased, while witnesses’ memories become less reliable over time.

The article explains that insurance companies often move quickly to gather evidence and protect their interests. Without early steps on the injured party’s side, important details may be lost. Attorneys step in to preserve evidence by securing accident reports, medical records, photographs, video footage, and witness statements while they remain accessible. This early action builds a stronger case from the beginning.

Altman also points out that an attorney’s role extends far beyond filing paperwork. They analyze facts, identify gaps, and create a clear timeline that supports the client’s account. They also manage communication with insurance adjusters, ensuring that no statements are misinterpreted or used to reduce compensation. Acting early allows attorneys to control the narrative and prevent evidence from slipping away.

The difference between a strong and weak claim often comes down to timing. By involving an attorney early, injured individuals gain the benefit of preserved evidence and strategic preparation that supports their rights.

Why Timing Matters & What Attorneys Can Do features insights from Brad Altman, Personal Injury Attorney of Wichita Falls, Texas, in HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

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SOURCE HelloNation

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Nakheel awards contracts worth over AED 3.5 billion to build 544 villas on Palm Jebel Ali

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April 27, 2026

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DUBAI, United Arab Emirates, April 27, 2026 /CNW/ — Nakheel, a member of Dubai Holding Real Estate, has awarded contracts worth over AED 3.5 billion to Ginco General Contracting L.L.C and United Engineering Construction (UNEC) for the construction of 544 villas on Palm Jebel Ali, marking a major milestone in the delivery of one of Dubai‘s most significant waterfront developments.

Under the awarded contracts, Ginco will construct 354 villas across Fronds A to D, while UNEC will deliver 190 villas across Fronds E and F. Construction is scheduled to commence this quarter, with completion targeted for Q4 2028.

Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: “The awarding of these contracts signals tangible progress in the delivery of Palm Jebel Ali, with construction now progressing across multiple fronds. As momentum continues to build, Palm Jebel Ali represents one of the most significant expansions of Dubai‘s urban coastline in a generation and will play a key role in supporting the emirate’s long-term growth, further strengthening its global appeal as a great place to live, invest and visit.”

Spanning seven islands across 13.4 kilometres, with 16 fronds and more than 90 kilometres of beachfront, Palm Jebel Ali is being developed as a world-class waterfront destination and a major contributor to Dubai‘s future urban expansion.

The latest contract awards represent continued progress against the Palm Jebel Ali masterplan and support the objectives of the Dubai 2040 Urban Master Plan and Dubai Economic Agenda D33, reinforcing the emirate’s long-term vision for sustainable, high-quality communities.

The awards follow the unveiling of Palm Jebel Ali’s Beach and Coral Collection villas, developed in collaboration with leading international architects. The destination will also include Palm Central Private Residences, offering a connected expression of island living that brings together architecture, community and resort-style comfort.

Further enhancing the island’s community infrastructure, Palm Jebel Ali will feature a 9,000 sqm retail centre and a Friday Mosque designed by Skidmore, Owings & Merrill. Designed to accommodate up to 1,000 worshippers, the mosque will serve residents and visitors across the destination.

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SOURCE Dubai Holding Real Estate

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STULZ USA and President, Brian Hatmaker, Nominated for Maryland Tech Council ICON Awards

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April 27, 2026

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FREDERICK, Md., April 27, 2026 /PRNewswire/ — STULZ USA, a leading provider of precision cooling and air handling solutions for mission-critical applications, is proud to announce that both the company and its President have been nominated for the Maryland Tech Council (MTC) ICON Awards.

STULZ USA has been nominated for Tech Company of the Year, while President Brian Hatmaker has been recognized as a nominee for CEO of the Year. The Maryland Tech Council seeks to celebrate outstanding leadership, innovation, and impact across Maryland’s technology and life sciences communities.

STULZ USA plays a critical role in supporting the infrastructure that powers today’s digital economy. The company designs and domestically manufactures advanced climate control solutions that enable the reliable operation of data centers and other tech environments.

With its U.S. headquarters and manufacturing operations based in Frederick, Maryland, STULZ USA employs nearly 500 people and has been a longstanding contributor to the region’s manufacturing sector and economic development. The company’s solutions support IT closets, data centers, healthcare, telecommunications, and industrial applications.

“These nominations reflect the strength of our team, the trust of our customers, and our commitment to supporting the critical digital infrastructure that keeps businesses and communities connected,” said Brian Hatmaker, President of STULZ USA. “We are honored to be recognized by the Maryland Tech Council alongside so many innovative organizations and leaders.”

The Maryland Tech Council recently launched the Data Center Alliance of Maryland, an initiative focused on advancing public understanding of the data center industry’s economic contributions, workforce opportunities, and role in supporting digital infrastructure. As demand for data continues to grow, STULZ USA remains committed to delivering reliable, efficient, and scalable cooling solutions that help enable this evolving landscape.

The ICON Awards ceremony will take place on May 21, bringing together leaders and organizations from across the region to celebrate excellence and innovation.

About STULZ USA

STULZ USA is a globally recognized leader in precision cooling solutions, specializing in innovative and energy-efficient systems for mission-critical environments, including data centers, telecom facilities, and industrial applications. With a legacy spanning more than 75 years, STULZ combines deep engineering expertise with advanced manufacturing processes to deliver unmatched quality, reliability, and performance.

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SOURCE STULZ Air Technology Systems, Inc.

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