Atlantia published Q1 results in line with our expectations. Motorway traffic was down by 20% in Italy and by 10-13% in other major countries. Passenger traffic was down by 33% at Rome airport. For the full year, the group expects autoroute traffic to be down by 30% and airport traffic to be down by 50% (as stated during the FY19 results). Regarding ASPI, the situation seems to be drifting away from being in Atlantia’s favour.
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Q1 20: expected results but ASPI’s situation getting bitter
- Published:
18 Jun 2020 -
Author:
Sejal Varshney -
Pages:
3
Atlantia published Q1 results in line with our expectations. Motorway traffic was down by 20% in Italy and by 10-13% in other major countries. Passenger traffic was down by 33% at Rome airport. For the full year, the group expects autoroute traffic to be down by 30% and airport traffic to be down by 50% (as stated during the FY19 results). Regarding ASPI, the situation seems to be drifting away from being in Atlantia’s favour.