Atlantia : Q2 affected by COVID and provisions. Difficult negotiations with the CDP on the sale of Aspi.
>EBITDA l-f-l growth higher than expected but fresh € 700m provision - Yesterday evening Atlantia reported Q2 results with sales down 50.1% to € 1,504m, beating the consensus by 10%. Affected by COVID-19, all segments showed declines: -50% for Italian motorways, -46% for Abertis, -50% for foreign motorways, -80% for international airports and -90% for Italian airports.EBITDA came to € 29m, down 98.5% affected by the fall in traffic and provisions amounting to € ...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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