Services

Services

Profitable growth

The Services business, which was started six years ago, has raised its revenues from 300 million to more than 5,000, with highly profitable growth in double figures and an increase in backlog of 13%. Significant in the year were Amey's good performance in all business indicators and the work for incorporating Swissport into Ferrovial. The main challenge for 2008 is culminating this process of integrating Swissport into Ferrovial.

The Services business increased its revenues by 7.4%, with improvements in all activities and a backlog* of 9,726 million euro. EBITDA increased by 14.6%. up to 471.3 million euro.

Amey

A British company dedicated to infrastructure maintenance (urban, road and rail) and facility management. It was acquired by Ferrovial in May 2003. In 2007 it reached revenues of 1,998 million euro and represented 43.2% of total revenues in the Services division. Amey is the majority shareholder of Tube Lines, the concession company for maintenance and management of the London Underground with three lines: Jubilee, Northern and Piccadilly.

Cespa

Cespa is the Ferrovial subsidiary dedicated to providing municipal and waste treatment services. It currently operates in Spain, Portugal and Andorra, and for some months it has been bidding for concession projects in the United Kingdom together with Amey. It is the leader in gardening, industrial waste management and treatment of all types of waste and it is among the top three companies in the sector for municipal waste collection and treatment and street cleaning. In 2007, company revenues were 930 million euro, 12.9% up on the previous year.

Swissport

Swissport is the world leader in airport handling services with revenues in 2007 of 1,149 million euro, 5.7% up on 2006 (10% if we exclude the exchange rate effect). At present, the company operates in 43 countries and more than 187 airports. With a workforce of 30,000, it provides services for more than 70 million passengers, 650 airlines and handled over 3.2 million tonnes of cargo in 2007.

Maintenance and Upkeep

In 2007, the infrastructure maintenance and upkeep division in Spain and Portugal had revenues of 546 million euro thanks to the activities of:

  • Ferroser: It is the leader in Spain in Integrated Maintenance and Facility Management. It manages over 2,700 buildings.

  • Grupisa: is also the leader in the integrated infrastructure upkeep sector and also operates in the production and installation of signs.

  • Eurolimp: is one of the main companies in indoor management and cleaning.

* Tube Lines not included.

Services division in 2007

Services division in 2007

Santiago Olivares, CEO of Ferrovial Services, runs through the highlights of 2007.