Stock Groups

Atlantia posts 19% jump in 2021 revenue as sale of motorway unit nears -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO A logo for the Atlantia Group can be seen at its Rome headquarters on August 31, 2018, Italy. REUTERS/Alessandro Bianchi/File Photo

MILAN (Reuters – Italy’s Atlantia said Thursday that its full-year revenues rose 19%, to 6.3 billion Euros ($7.4 billion), excluding the domestic motorway company it agreed to sell.

Thanks to positive performances by foreign motorway operators and a lower turnover for 2021 than expected, however, COVID-19’s resurgence in the fourth quarter penalised the airport business.

Benetton’s family controls the company. They claim that earnings before interest and tax, amortisation, and depreciation rose 29% to $4 billion last year. That figure excludes Autostrade per l’Italia’s contribution. Autostrade per l’Italia is the domestic motorway unit of the group that it sold following the 2018 bridge collapse.($1 = 0.8821 euros)

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, futures, indexes and Forex. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of the potential risks and financial costs involved in trading the financial market. It is among the most risky forms of investment.

[ad_2]