Atlantia : Q3 2020 contained no surprises, further deterioration expected in Q4
>Q3 2020 results close to expectations - After the publication of weekly traffic figures and Abertis' results by Hochtief, Atlantia's Q3 results come as no great surprise. See details p.2In Q3, sales fell by 22% to € 2,509m (vs € 2,486m), still heavily penalised by airports (-78%), foreign motorways (-39%) and Abertis (-18.3%). However, after a 50% decline in Q2, Italian motorways showed a clear improvement (-9.9%). The EBITDA margin declined by 820bp to 58.5% (...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.
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.
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