Report
Ferrovial : 407 ETR results: strong recovery in VKTs, reaching close to 2019 levels for the first time; Workday traffic still needs a further leap
>Traffic recovery improved strongly in the quarter, which is a positive sign given the weakness of previous quarters - The 407 ETR’s Q2 2024 results were ahead of our estimates, as traffic recovered strongly in the quarter, marking a clear turnaround from the last two quarters and the highest recovery rate since the pandemic started: traffic was -0.8% in Q2 2024 vs Q2 2019, which compares to the -9.3% in Q1 2024, -7.2% in Q4 2023, -4.2% in Q3 2023, -5.2% in Q2 2023...
Underlying
FERROVIAL SA
Provider
Oddo BHF
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.
Ana Arjona-Martinez
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