Atlantia : Results penalised by new provisions on the Morandi viaduct
>Results undershot expectations once again penalised by the Morandi viaduct - Atlantia has reported 2018 results short of expectations. Q4 2018 sales came in at € 2,291m, up 60% (scope effect), 10% ahead of expectations. In contrast, EBITDA is stable at € 855m, whilst the consensus was forecasting € 1,232m. The group booked additional charges and provisions of € 168m in Q4 related to the collapse of the Morandi viaduct, bringing the total cost to € 513m (we anticipat...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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