(News Bulletin 247) – UBS confirms its advice to buy the share with a target price of 140 E after the traffic and business figures of APRR.
UBS underlines the strong traffic of APRR in the 1st half of 2023. Total traffic is up by 3.0% compared to the previous year. Light vehicle traffic increased by 3.5% over the half-year, while heavy vehicle traffic was up by 1.0%.
APRR’s consolidated revenue excluding Construction amounted to €1,454.1 million in the 1st half of 2023, up 7.8% (€1,348.3 million in the 1st half of 2022).
‘Traffic in the 2nd quarter is higher than expected. We also expect solid results for the group (August 30)’ indicates UBS.
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