(Finance) – In the first six months of 2022 Atlantiathanks to the recovery of motorway (+ 17.9% vs 2021) and airport traffic (+ 295.2% vs 2021), revenues increased by 18% to 3.3 billion euros and gross operating margin (EBITDA) of 22% to 2.1 billion.
The net financial debt is equal to 21.2 billion euros (30 billion euros at 31 December 2021) and incorporates the consideration for the sale of ASPI of 8.2 billion euros.
Consolidated net profit jumped to 6.1 billion (the capital gain realized on Aspi was 5.3 billion.
Improved Outlook
In the note to the data on the financial statements for the first half of the year, Atlantia underlines that the 2022 outlook is expected to improve with revenues and Ebitda expected at € 6.8 and € 4.3 billion e net financial debt to 21.5 billion euros. “Traffic data for the first half of 2022 (+ 3.9% for the motorway sector and -38.4% for the airport sector compared to 2019 values) confirmed the return of motorway traffic to pre-pandemic levels and a recovery of airport traffic higher than expectations at the beginning of the year, especially starting from the spring season “. This recovery “also continued in July 2022. Assuming the maintenance of current traffic volumes also in the second part of the current year, it is possible to estimate for 2022 motorway traffic to grow by approximately 4% and airport traffic in decrease of about 30% again compared to 2019 “.
In light of the above – reads the note – “consolidated revenues of approximately € 6.8 billion and a Group Ebitda of approximately € 4.3 billion are therefore expected for the year 2022, confirming the expected improvement. compared to the 2021 results, which benefited both from the relief granted to Aeroporti di Roma for losses from Covid-19 (approximately 0.2 billion euros), and from the contribution of the Spanish companies Acesa and Invicat whose concessions ended in August 2021 (approximately € 0.4 billion). A Group FFO of approximately € 2.6 billion and investments of approximately € 1.3 billion are also envisaged. Finally, a net financial debt value of approximately 21.5 billion euros at the end of the year 2022, an improvement of 0.5 billion euros compared to what is indicated in the financial information as at 31 March 2022, mainly due to the improvement of the FFO net of investments. Y unex Traffic, consolidated as of June 30, 2022 “.