Concessions’ revenue was up 7.9%, mainly thanks to Airports and contracting’s sales were up 10.3% thanks to strong organic growth in each business line. The key message in the 2019 outlook is that management expects further growth in its revenue and net income. Overall, we expect to increase our revenue assumption with a proportional increase in EBITDA, meaning that our target price will increase by 2-5%.
24 Apr 2019
Q1 19: good top-line figures bode well for FY19
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Q1 19: good top-line figures bode well for FY19
VINCI SA (DG:WBO) | 0 0 1.1% | Mkt Cap: 49,071m
- Published:
24 Apr 2019 -
Author:
Felix Brunotte -
Pages:
3
Concessions’ revenue was up 7.9%, mainly thanks to Airports and contracting’s sales were up 10.3% thanks to strong organic growth in each business line. The key message in the 2019 outlook is that management expects further growth in its revenue and net income. Overall, we expect to increase our revenue assumption with a proportional increase in EBITDA, meaning that our target price will increase by 2-5%.