Report
Sven Edelfelt

Atlantia : Decent results but a reduction in the dividend

>Q3 2018 EBITDA 4% ahead of expectations - Q3 2018 revenues came to € 1,722m (strictly in line with the consensus), i.e. an increase of 1.5% relative to Q3 2017. Growth was driven mainly by good momentum in airports, despite a negative currency effect in foreign motorways (-€ 16m in the quarter by our estimates). The contribution from Rome and Nice airports, which represented 13% of 2017 revenue, came to € 949m (including € 238m for Nice, a strong increase). EBITDA € ...
Underlying
Atlantia S.p.A

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Sven Edelfelt

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