Ferrovial : 407 ETR: sequential improvement on traffic on track to meet our estimates
>Traffic recovers to -21% vs 2019 from -42% in June - The 407 ETR Q3 2021 results showed a strong y-o-y recovery in all the main KPIs: traffic +33%, revenues +25% and EBITDA +28% in Q3 2021. This recovery was roughly in line with our estimates, significantly accelerating from Q2 as restrictions started to be lifted in June. More interestingly, and although it is still too soon to determine whether the traffic and revenue stabilisation point that we are expecting will ...Ferrovial is a transportation company based in Spain. Co. is engaged in operations in the transportation sector. Co. specializes in the design, construction, management, administration and maintenance of transport infrastructures. Co.'s services range also includes the maintenance of parking lots, and land-, sea- and air-based transport networks. Co. is also engaged in the promotion and operation of short-stay parking lots, parking regulation and management services and promotion and sale of residents' parking.
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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