(Finance) – FNMa company listed on Euronext Milan and active in integrated mobility in Lombardy, announced yesterday that the Regional Council has approved the service contract with Ferrovienord (the company that manages the railway network) for the period 2023-27, applying changes. These changes do not generate significant changes in the contractual consideration and concern the cyclical maintenance of the fleet of trains managed by Ferrovienord on behalf of the Lombardy Region.
The company therefore has leverage guidance worsened Adj NFP/EBITDA 2025 from 3x to 3-3.5x. “This is a negative indication, although expected as it was anticipated at the end of 2022 when the renewal of the service contract was signed, but the forms of use of the Cyclical Maintenance Fund were postponed”, wrote the analysts of Equity.
Meanwhile, it takes a step back from the previous closing price FNM, settling at 0.455 euros, with a decrease of 0.22%. An extension of the bearish phase is expected for the rest of the session with a support area seen at 0.4513 and subsequently at 0.4477. Resistance at 0.4593.