Report
Sven Edelfelt

Atlantia : Few surprises in Q1 2021 but the disposal of Aspi is coming into focus. Neutral vs Underperform

>Q1 results slightly better than expected. Outlook confirmed - Having reported the results for Abertis and Aspi, Atlantia yesterday evening reported its consolidated Q1 2021 results. Sales came in at € 2.025bn, down 8.4% but better than consensus expectations (€ 1.991bn). All activities were down, notably airports (-72% in Q1 2021 in Rome), Italian motorways (-1% in Q1 2021 / traffic -10.6%), impacted by the travel restrictions and Abertis (+2% / traffic -4.3%, thanks...
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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