Abertis released a good set of Q1 results, broadly in line with expectations, marked by a strong momentum in Western Europe although hindered by unfavourable calendar effects (Easter in April this year, leap year in 2016), and, dare one say it, the long-awaited recovery of traffic in Brazil, and a strong cash generation. Please note that management made no comment regarding the talks with Atlantia. Key highlights: Revenue was up 18.3% (+4.6% lfl), at €1,281m (€1,275m consensus). EBI
26 Apr 2017
Brazilian recovery amid a strong set of Q1 results
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Brazilian recovery amid a strong set of Q1 results
Abertis Infraestructuras (ABE:BME) | 0 0 -0.2% | Mkt Cap: 19,273m
- Published:
26 Apr 2017 -
Author:
Edouard Enault -
Pages:
3
Abertis released a good set of Q1 results, broadly in line with expectations, marked by a strong momentum in Western Europe although hindered by unfavourable calendar effects (Easter in April this year, leap year in 2016), and, dare one say it, the long-awaited recovery of traffic in Brazil, and a strong cash generation. Please note that management made no comment regarding the talks with Atlantia. Key highlights: Revenue was up 18.3% (+4.6% lfl), at €1,281m (€1,275m consensus). EBI