Atlantia : € 1.5bn in provisions, uncertainties for 2020… and beyond
>2019 results affected by a new provision for ASPI (€ 1.5bn) - Yesterday evening Atlantia published its 2019 results (they were initially supposed to be published at the start of March), which came in below expectations. Sales rose 2.7% to € 11,630m (vs € 11,459m est.). Conversely, EBITDA came to € 5,727m (vs € 7,452m est.) penalised by a new provision of € 1,500m for Italian motorways in order to factor in the proposal made to the government (see below). Even strippi...Atlantia is a holding company with subsidiaries and associates whose business is the construction and operation of motorways, airports and transport infrastructure, parking areas and intermodal systems, or who engage in activities related to the management of motorway or airport traffic.
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