The FY 15 results translate (as expected) good traffic trends, asset impairments due to provisions, tariff changes in Spain, profits from the Cellnex IPO, a change in the accounting method and a negative forex effect. Abertis saw a total traffic increase of 1.8%, with Spain +6.1%, Chile +8.5% and France +1.8%, but Brazil –2.3%. Consolidated revenues amounted to €4,378m (-1.6%; +5% at same perimeter but before the forex impact). The decrease due to the €146m exclusion from the
10 Feb 2016
More negative forex effects than expected weighs on FY 15 recurrent results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
More negative forex effects than expected weighs on FY 15 recurrent results
Abertis Infraestructuras (ABE:BME) | 0 0 -0.2% | Mkt Cap: 19,273m
- Published:
10 Feb 2016 -
Author:
Myriam Cohen -
Pages:
4
The FY 15 results translate (as expected) good traffic trends, asset impairments due to provisions, tariff changes in Spain, profits from the Cellnex IPO, a change in the accounting method and a negative forex effect. Abertis saw a total traffic increase of 1.8%, with Spain +6.1%, Chile +8.5% and France +1.8%, but Brazil –2.3%. Consolidated revenues amounted to €4,378m (-1.6%; +5% at same perimeter but before the forex impact). The decrease due to the €146m exclusion from the