Atlantia reported net income for Q1 18 that beat analysts’ average estimate. All in all, the group posted rather good numbers, highlighting solid traffic growth in all geographies except for Italian motorways, where AlphaValue expects traffic trends to rebound in Q2. We remain positive on Atlantia. We keep our current target price and recommendation.
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Q1 18: good set of results, but Italy disappoints somewhat
- Published:
16 May 2018 -
Author:
Felix Brunotte -
Pages:
3
Atlantia reported net income for Q1 18 that beat analysts’ average estimate. All in all, the group posted rather good numbers, highlighting solid traffic growth in all geographies except for Italian motorways, where AlphaValue expects traffic trends to rebound in Q2. We remain positive on Atlantia. We keep our current target price and recommendation.