Eiffage : APRR: Q2 traffic down 51%, a shade better than expected
>Q2 traffic was down -56.3%Â for light vehicles and -23.8% for HGVs - APRR has published a 51% decline in traffic for Q2 2020, vs our forecast of -54.3% and -55% reported by Sanef. As expected, light vehicles posted a deeper decline at -56.3% (ODDO BHF: -60%e) whilst HGVs were more resilient (-23.8% vs ODDO BHF: -25%e). Unsurprisingly, APRR was impacted by lockdown measures and border closures in mid-March. The gradual lifting of these measures in France since 11 May l...Eiffage is a construction and concessions group. Co.'s operations are organized into five divisions. The Concessions and PPPs division is engaged in construction and operating of infrastructures under concessions and public private partnerships. Through the Construction division, Co. is engaged in building design and construction, property development and building maintenance. Through the Public works division, Co. is engaged in civil engineering, road construction, infrastructure maintenance and material production. The Energy division specializes in electrical contracting and air conditioning. Through the Metal division, Co. is engaged in metallic construction and services to industry.
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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