Ferrovial N.V. (FER) Q1 2025 Earnings Call

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WEBVTT 00:00:01.263 -- 00:00:05.290 Good afternoon, everybody. This is Silvia Ruiz speaking, and I would like to welcome 00:00:05.290 -- 00:00:09.637 you to Forovial's conference call to discuss the financial results for the first quarter 00:00:09.637 -- 00:00:14.525 of 2025. I'm joined here today by your CFO, Ernesto López-Mozo. 00:00:14.525 -- 00:00:19.813 Just as a reminder, both the results report and the presentation are available on website 00:00:19.813 -- 00:00:23.800 since yesterday evening after the U.S. market was closed. 00:00:23.800 -- 00:00:27.318 At the end of the presentation, there will be a Q&A session. 00:00:27.318 -- 00:00:31.364 As in previous calls, you will have the opportunity to ask questions live. 00:00:31.364 -- 00:00:35.731 For that, you will need to join the call through the conference call channel and press 00:00:35.731 -- 00:00:40.939 star 5 on your phone keypad. If you prefer, you can send them through the form included 00:00:40.939 -- 00:00:46.147 in the webcast and I will be reading them out loud at the end of the Q&A session. 00:00:46.147 -- 00:00:49.131 With all this, I will hand over to Ernesto. 00:00:49.131 -- 00:00:52.192 Ernesto, the floor is yours. 00:00:52.192 -- 00:00:58.565 Thank you, Silvia, and welcome everybody to the first quarter of 2025 00:00:58.565 -- 00:01:02.493 operating results update from Ferrovial. 00:01:02.493 -- 00:01:05.539 Well, starting with the 00:01:05.539 -- 00:01:10.229 growth in all business divisions, I would like to highlight the strong revenue performance 00:01:10.229 -- 00:01:15.910 in highways of the North American assets. In terms of airports, 00:01:15.910 -- 00:01:20.475 we highlight that construction advances in NTO. 00:01:20.475 -- 00:01:25.840 And in construction, we have shown a steady profi...