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
