Contracting businesses registered an outstanding growth in Q1 19. However, concessions, the biggest contributor to EBITDA generation, disappointed us, because of mainly stable traffic figures. As this is a trading update, information was limited. Overall, we believe that this first quarter is a good millesimal and that it reinforces the probability of the company to meet consensus for FY19. We expect little change to our model.
15 May 2019
Q1 19: good start to the year thanks to Contracting, but Concessions disappoint
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q1 19: good start to the year thanks to Contracting, but Concessions disappoint
Eiffage SA (FGR:WBO) | 0 0 1.5% | Mkt Cap: 9,050m
- Published:
15 May 2019 -
Author:
Felix Brunotte -
Pages:
3
Contracting businesses registered an outstanding growth in Q1 19. However, concessions, the biggest contributor to EBITDA generation, disappointed us, because of mainly stable traffic figures. As this is a trading update, information was limited. Overall, we believe that this first quarter is a good millesimal and that it reinforces the probability of the company to meet consensus for FY19. We expect little change to our model.