Ferrovial : 407 407 ETR: stronger results thanks to faster traffic recovery
>Sequential improvement in traffic continues… - The 407 ETR’s Q3 2022 results were above our estimates as they showed a slightly faster-than-expected sequential improvement in traffic to -12% in Q3 2022 over Q3 2019 from the -19% in Q2 2022 and the -34% in Q1 2022 (all vs 2019). Interestingly, this sequential improvement also took place within the quarter (on a monthly basis) with the month of September being a bit ‘stronger’ at just -8%. This led to a 5% beat to ou...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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