There was notable growth in international construction (17.7%), Amey (7.6%), Toll Roads (6.8%) and BAA (5.3%).
UK subsidiary Amey increased revenue by 7.6% in like-for-like terms to €302m (£267m), attributable to the start of new contracts. Its order book improved 1.4% to €6.683bn.
The company earned €224m in net profit in the first quarter of 2011, contrasting with losses of €80m in the same period of 2010. In the first few months of 2011, Ferrovial's main businesses improved, particularly airports, and it obtained capital gains from the sale of Swissport and its stake in the M-45 toll road.
The construction and services orders backlog expanded by 3.8% to €23.412bn. The backlog reflects Ferrovial’s increased international operations, as 66% in construction and 50% in cervices are located in countries outside of Spain.
The construction division obtained €889m in revenue in the first three months of 2011.
Ferrovial refinanced all of its debt in April with the early repayment of €500m and refinancing of €1.305bn.
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