w
Vélizy-Villacoublay, July 19, 2022 5:45 p.m.
Press release
APRR turnover and traffic for the 1er semester 2022
1er semester 2022
Consolidated turnover
in millions of euros | H1 2019 | H1 2021 | H1 2022 | Change (%) Change (%) | |
2022/2021 | 2022/2019 | ||||
Toll turnover | 1,215.0 | 1,074.4 | 1,289.6 | + 20.0% | +6.1% |
Turnover Installations | 35.8 | 38.6 | 58.7 | +52.0% | +63.8% |
commercial, telecom and other | |||||
Turnover excluding Construction | 1,250.8 | 1,113.0 | 1,348.3 | +21.1% | +7.8% |
Construction revenue (Ifric 12)* | 201.6 | 122.2 | 144.2 | ns | ns |
APRR’s consolidated revenue excluding Construction amounted to €1,348.3 million as of 1er half of 2022, compared to €1,113.0 million in the 1er half of 2021, an increase of 21.1% and 7.8% compared to 2019.
Revenue from commercial facilities includes, from April 2021, APRR’s share of revenue from areas operated under the Fulli brand.
Traffic
Total network | |||||
in millions of km traveled | H1 2019 | S1 2021 | H1 2022 | Change (%) Change (%) | |
2022/2021 | 2022/2019 | ||||
Light vehicles | 9,585 | 7,627 | 9,790 | +28.3% | + 2.1% |
Heavyweight | 1,977 | 1,960 | 2,039 | + 4.0% | + 3.1% |
Total | 11,562 | 9,579 | 11,828 | +23.4% | + 2.3% |
Total traffic, measured in number of kilometers traveled, experienced on the 1er half of 2022 an increase of 23.4% compared to the previous year and 2.3% compared to 2019.
Light vehicle traffic increased by 28.3% over the half-year, heavy goods vehicle traffic increased by 4.0%.
2e quarter 2022
Consolidated turnover
in millions of euros | Q2 2019 | Q2 2021 | Q2 2022 | Change (%) | Change (%) |
2022/2021 | 2022/2019 | ||||
Toll turnover | 628.9 | 558.9 | 664.4 | + 18.9% | +5.6% |
Turnover Installations | 19.6 | 22.6 | 30.9 | + 36.9% | +57.6% |
commercial, telecom and other | |||||
Turnover excluding | 648.5 | 581.4 | 695.3 | + 19.6% | +7.2% |
Construction | |||||
Construction revenue (Ifric 12)* | 125.2 | 76.9 | 98.0 | ns | ns |
APRR’s consolidated revenue excluding Construction amounted to €695.3 million as of 2e quarter of 2022, compared to €581.4 million over the same period of 2021, an increase of 19.6% and 7.2% compared to 2019.
Traffic
Total network | |||||
in millions of km traveled | Q2 2019 | Q2 2021 | Q2 2022 | Change (%) | Change (%) |
2022/2021 | 2022/2019 | ||||
Light vehicles | 5,064 | 4,042 | 5,135 | +27.0% | + 1.4% |
Heavyweight | 989 | 993 | 1,022 | + 2.9% | + 3.4% |
Total | 6,053 | 5,036 | 6,157 | + 22.3% | + 1.7% |
Total traffic, measured in number of kilometers traveled, experienced in the 2e quarter of 2022 an increase of 22.3% compared to the same period of 2021 and 1.7% compared to 2019.
Light vehicle traffic increased by 27.0%, heavy goods vehicle traffic increased by 2.9%.
Highlights
On May 23, 2022, APRR successfully placed a new €0.5 billion bond issue maturing in January 2029 for a coupon of 1.875%.
On May 18, 2022, the rating agency Fitch Ratings upgraded the monitoring of APRR’s credit rating from A- stable to A- positive. On June 29, 2022, the rating agency S&P confirmed APRR’s credit rating at the A- level with a stable outlook.
On June 30, 2022, APRR finalized the acquisition from Eiffage of Aliae, concessionaire of the future A79 motorway in Allier for nearly 660 million euros.
- Reminder: the application of the Ifric 12 interpretation since 1er January 2009 involves the recognition of Construction revenue corresponding to infrastructure construction services carried out by the concession companies on behalf of the concession grantor and whose work is entrusted to third parties and accounted for as progress is made.
Investor contacts | Press contacts |
Xavier Ombredanne | Sophie Maire |
Such. : + 33 (0)1 71 59 10 56 | Such. : + 33 (0)1 71 59 10 62 |
Email: [email protected] | Email: [email protected] |
Disclaimer
Eiffage SA published this content on July 19, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on July 19, 2022 16:13:01 UTC.
Publicnow 2022
|
|
| ||||
Trends technical analysis EIFFAGE SA
| Short term | Middle term | Long term | |
| Trends | Neutral | Neutral | Neutral |
Evolution of the Income Statement
Sale  Purchase | |
| Average recommendation | TO BUY |
| Number of Analysts | 14 |
| Last Closing Price | €89.42 |
| Average price target | €115.33 |
| Deviation / Average Target | 29.0% |
Officers and Directors