Ferrovial Reports Diverse Number of Graduate Admissions and Revenue Growth

Ferrovial Construction UK revealed that 15 of the 24 graduates hired last year were from black or Asian backgrounds.

The UK arm of the Spanish-headquartered giant said its “diverse” team remained at the “heart” of the business as it saw revenue and profit growth in 2021.

London-based Ferrovial Construction UK revealed revenue of £456million in the 12 months to December 31 last year, up 19% on the previous period.

Its operating profit has risen from £1m to £6m over the same period, while pre-tax profit has fallen from £1.4m in 2020 to £5.3m last year .

The company’s order book stood at £1 billion at the end of 2021.

Ferrovial Construction Managing Director Karl Goose said: “It is great to see the result of the team’s hard work, confirming that we are continuing to move in the right direction despite the challenges of the pandemic.

“The role of infrastructure in the UK’s economic recovery is clear and we are focused on making a lasting contribution to this now and over the long term to support our customers, the supply chain and the communities where we work.”

He said: “Our growing and diverse team remains at the heart of our business and we will continue to prioritize their development, career progression, health and well-being.

“Our early stage talent community will form 25% of our employee base by the end of 2022, with 62% of this year’s graduates coming from a Black or Asian background.”

Goose added that over the coming year, the company aims to meet the carbon reduction targets endorsed by the Science-Based Targets initiative and work with the wider industry to achieve a carbon neutral.

Ferrovial’s global business grew revenue by 5.4% on a like-for-like basis to €6,778m (£5.7bn) in 2021. It achieved total consolidated profit of €1 £.3bn after a loss of £373m in the previous period.

Alice F. Ponder