VIII. SHARE PERFORMANCE, TREASURY STOCK AND MAJOR SHAREHOLDERS

The Ibex-35 index ended the year up 18.21%, at 10,733.9 points, the third consecutive year in which an increase has been recorded. The profitability of the Spanish index is around average for European equities; this is far higher than the American average (20% as opposed to 1%).

The stock exchange in 2005 has surpassed expectations at the beginning of the year, boosted mainly by the lack of alternatives to equities, against a backdrop of low interest rates. Various obstacles were overcome during 2005, such as the increase in interest rates on both sides of the Atlantic (this happened in the US before Europe), the historic record in oil prices, the terrorist attacks on London, and the depreciation of the euro with respect to the dollar.

This has been Ferrovial´s fifth consecutive year of increase in the stock market value of its shares, with annual appreciation of 49%, the highest since it was first listed on the Stock Exchange in 1999. The Company reached its all-time record share price on 4 October, with a price of 71.45 euro, implying annual appreciation of 82%. The price of its shares fell during the last quarter, ending the year on 58.50, with stock market capitalisation amounting to 8,206 million euro.

Performance by Ferrovial, Ibex 35 and the Sector index: 1999-2005

SHARE PERFORMANCE AND TRADING VOLUME IN 2005

PERFORMANCE BY FERROVIAL, IBEX 35 AND THE SECTOR INDEX IN 2005

AVERAGE DAILY TRADING (AMOUNT)

Share data (in euro)

As can be seen from the following graph, the amount of dividends distributed by the group has increased considerably since Grupo Ferrovial was first listed on the Stock Exchange in 1999.

DIVIDENDS

Treasury stock

The situation with respect to treasury stock at 31 December is as follows:

During 2005, 89,134 treasury stock shares have been bought and sold, there being no change in the closing balance for the year. The impact generated amounted to 37 thousand euro in reserves.

Indices in which Ferrovial is included:

IGBM
Madrid Stock Exchange Construction index
IBEX-35
Ibex Industrial and sundry
Bloomberg European 500 Ethibel
Bloomberg European 500 Construction and Engineering
Bloomberg European Industrials Index
DJ Euro Stoxx Price Index
DJ Euro Stoxx Construction
DJ Stoxx 600
DJ Stoxx Construction
Morgan Stanley Capital International (MSCI)
FTSE Eurotop 300
S&P 350

Índices de Responsabilidad Social Corporativa:

DJSI – Dow Jones Sustainability World Index
DJSI – Dow Jones Sustainability Stoxx Index
FTSE4Good Europe Index
FTSE4Good Global Index
ASPI Eurozone

 

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