Atlantia reported good Q1 figures due to a sharp recovery in traffic. EBITDA was positively impacted by the recovery in traffic, especially at Abertis. Lower D&A due to two concession expiries and higher income from discontinued operations led to a significant improvement in net income. Atlantia re-iterated its FY22 guidance for motorway traffic at +4% and airport traffic at -40% the level of 2019, with revenue and EBITDA at around €6.6bn and €4.1bn respectively.
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Q1 22: the results swing to positive territory
- Published:
13 May 2022 -
Author:
Sejal Varshney -
Pages:
3
Atlantia reported good Q1 figures due to a sharp recovery in traffic. EBITDA was positively impacted by the recovery in traffic, especially at Abertis. Lower D&A due to two concession expiries and higher income from discontinued operations led to a significant improvement in net income. Atlantia re-iterated its FY22 guidance for motorway traffic at +4% and airport traffic at -40% the level of 2019, with revenue and EBITDA at around €6.6bn and €4.1bn respectively.