Ferrovial UK order book boosted by HS2 civils contract

Ferrovial has reported a 25% increased in its UK order book, driven by it HS2 main works civils contract.

Revenue for the firm’s UK business also increased by 10.4% up to £381M due to the strong performance of live projects and works beginning on a new contract.

The publication of results for its UK Construction business follows the recent announcement that the global business has increased revenue by 11.4% in like-for-like terms to £5.1bn due to the contribution from projects in the US and good performance by Budimex, Poland.

The positive results come on the back of Ferrovial’s announcement that it plans to double its UK and Ireland business following the appointment of Karl Goose as the country’s managing director.

Goose said: “The positive figures we are able to report this year demonstrate the direction in which we are heading. The strategy we launched last year is already yielding results.

“At a time when so many contractors have had to make really tough decisions regarding salary cuts and redundancies, I’m immensely grateful that we have been able to navigate the last 12 months without having to do either of those unenviable things. We have a clear role to play in UK economic recovery, and I will make sure we do everything we can to support our clients, supply chain, and communities where we work as we emerge from the pandemic.

“Our focus will be on our people – the existing teams and those who join us in the future. And I am confident that the investment we deliver in their development and wellbeing will pay great dividends to us, their families and the industry.”

Source Ferrovial UK order book boosted by HS2 civils contract | New Civil Engineer

Department of Civil Engineering – International Burch University (ibu.edu.ba)