UPDATE 1-Italy's Atlantia expects virus to shave 3 bln euros off sales [Reuters]
ATLANTIA SPA UNSP/ADR (ATASY)
NASDAQ:AMEX Investor Relations:
atlantia.it/en/investors
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Source: Reuters
UPDATE 1-Italy's Atlantia expects virus to shave 3 bln euros off sales (Adds executives’ comments, details) By Francesca Landini and Stephen Jewkes MILAN, April 28 (Reuters) - Italian infrastructure group Atlantia expects COVID-19 to wipe 3 billion euros from its revenues this year at a time when the health emergency is also slowing talks with the government over its lucrative motorway concession. The Benetton-led group controls several key assets including ADR, which runs Rome’s airports, and Autostrade per l’Italia, which operates more than 3,000 km (1,860 miles) of roads in Italy. The group also manages motorways in Spain, France and Latin America and airports in France. With movement restrictions still in place in Italy and in many other European countries, the group expects traffic on its motorways to fall 30% on average this year compared with 2019. The number of passengers travelling to and from its airports is seen dropping 50%, it said. To cope with the situation, Atlantia sa
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