Abertis confirms the recovery of traffic in Spain with a 6% rise in Q1
Abertis has reported an improvement in all its key indicators in the first quarter, with growth in net profit (7%), EBITDA (6.4%) and revenues (6%).
Traffic grew 1.3% in Abertis' toll road network in the first quarter. Especially noteworthy was the increase in traffic in Spain, which grew 6% in the period, the largest increase since 2007. Internationally, the most notable increases were posted in Chile (+6.5%) and France (+1.6%), which are outperforming the company's forecasts at the start of the year.
The weight of the international business is unchanged compared with 2014. Two of every three euros of revenues come from the international area.
The stepping-up of the efficiency programme and accumulated savings are behind the improved EBITDA margin, which stood at 63% for the first time.
In the first quarter Abertis focused its efforts on the flotation of its terrestrial telecommunications division, Cellnex, which went ahead on 7th May and was well received by the market. The impacts of the IPO will be reflected in the second quarter results.
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