Atlantia H1 revenue meets expectations as motorway traffic rises 3.8 pct

jueves 4 de agosto de 2016 11:01 GYT

MILAN Aug 4 (Reuters) - Italian motorway and airport operator Atlantia said on Thursday revenue rose 3 percent in the first half, meeting analyst expectations thanks to healthy traffic growth at Italian motorways.

* H1 operating revenue came in at 2.566 billion euros, broadly in line with a consensus forecast of 2.57 billion euros in a poll of six analysts compiled by Reuters.

* Traffic at Italian motorways rose 3.8 percent in the period compared with a 1.7 percent increase in the same period of last year.

* The group, which bought Rome's airports operator Aeroporti di Roma (AdR) in 2013, said traffic at AdR grew 2.8 percent between January and June, down from a 7.2 percent rise in the first half of 2015.

* Group earnings before interests, tax, depreciation and amortisation (EBITDA) rose 4 percent in the first six months to 1.578 billion euros compared with an analyst consensus of 1.570 billion euros.

* Operating profit (EBIT) fell 10 percent to 965 million euros due to provisions for repair and replacement costs.

* Consolidated gross operating profit is expected to register an improvement in 2016, the group said.

* A consortium led by Atlantia and French EDF Invest emerged as the best bidder in the race to acquire a 60 percent stake in the company that controls the airports in the French Riviera. The group said on Thursday the formal selection of the winning bidder will be finalised in coming months. (Reporting by Francesca Landini)