(CercleFinance.com) – Eiffage gained just over 1% in Paris while APRR published traffic up 4.2% in the 2nd quarter of 2023, marking an acceleration compared to the +1.8% achieved in the 1st quarter of 2023.
‘Over the first half, traffic is up 3%’, underlines Oddo BHF, which also confirms its advice to Surperformance and its objective of 124 euros on the title.
“Light vehicles are driving growth over the quarter, with an increase of +4.9% in Q2 (after 1.9% in Q1). On the other hand, growth is more timid in heavy goods vehicles with an increase of only +0.5% after +1.5% in Q1 2023′, indicates the analysis office.
Oddo BHF expects revenue up 10% to 10,409 ME for the Eiffage group, with EBIT up 10% to 1,050 ME and net income up 15% in the 1st half of 2023 compared to the 1st half of 2022.
‘We have marginally adjusted our 2023 estimates to incorporate a good H1/Q2. Our Operating Income stands at 2,372 ME in line with the consensus of 2,356 ME’ adds Oddo BHF.
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