The truck traffic, driving the recovery for APRR
APRR has benefited in the first half of the resumption of road traffic, especially HGVs, which illustrates the improvement in economic conditions.
The net number four European sector, which has already published in July sales up 6% in the second quarter, up 16.3% to 174 million euros and EBIT of 5 , 1% to 422 million, as the EBITDA (+5.1% to 631 million).
Traffic, measured in number of miles traveled is up 3.1% over the first half of 2009.
Traffic car (VL), which had been assigned to the first quarter by multiple snowfalls in France, has benefited the reverse in the second quarter of prolonged disruption to air transport and rail in April. Eventually, it rose 2.6% over the first half of 2009.
The truck traffic (PL) has benefited from improved economic and confirmed its recovery with an increase of 5.8% over the first half of 2009.However, there remains 12% lower traffic recorded in the first half of 2008.
"The summer so far confirms the recovery of HGV traffic since the beginning of the first quarter, and the positive trend of development of light vehicle traffic," the group notes in a statement.
APRR estimated that the increase in toll revenue resulting from traffic recovery in 2010 will allow a further improvement in EBITDA margin (67% off construction at S1 and 68% in 2009).
Autoroutes Paris-Rhin-Rhône, a subsidiary of construction group Eiffage and concessions, is currently the subject of a bid withdrawal Eiffarie initiated by the joint venture between Eiffage and Australia's Macquarie has a concession at the network APRR Privatization of French motorways in 2005.
The President of the General Council of the Saone-et-Loire, the Socialist Arnaud Montebourg took the Financial Markets Authority (AMF) to try to block the exit of the Exchange APRR, because the privatization of the concessionaire would be integral.
Before the publication of these results, the action APRR closed Friday at 54.0 euros (+0.15%), which translates into a market capitalization of around six billion euros.
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