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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Atlantia SpA    ATL   IT0003506190

ATLANTIA SPA

(ATL)
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Atlantia : Autostrade CEO says the toll-road firm will go bankrupt if concession revoked - media

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01/17/2020 | 02:07am EST
FILE PHOTO: Toll-road operator Autostrade per l'Italia's headquarters is seen in Rome

Autostrade per l'Italia, the toll-road unit of Italy's infrastructure group Atlantia, will go bankrupt if the government revokes its motorway concession, the unit's CEO, Roberto Tomasi, told La Repubblica newspaper.

Atlantia has come under fire after the collapse of a concrete bridge operated by Autostrade killed 43 people in the port city of Genoa in August 2018.

In a separate interview with La Repubblica, Industry Minister Stefano Patuanelli said that revoking Autotrade's concession was a consequence of the disaster and that conditions of Autostrade-run roads made feel people unsafe.

In a bid to break a standoff with the Italian government over the future of its lucrative concession, Autostrade on Thursday pledged to increase its spending on road maintenance 40% in the next four years

Prime Minister Giuseppe Conte said on Thursday the government would not discuss whether to strip Autostrade of its motorway concession at a cabinet meeting on Friday, suggesting there could be some time for emergency talks with the company.

His comments follow information from two sources on Wednesday that Atlantia, which is controlled by the Benetton family, was ready to reopen talks with the government on road tolls to try to mend fences with Rome.

In the La Repubblica interview, Tomasi, asked about a top manager at an Atlantia unit who sold a block of shares in the Italian infrastructure group on the same day ratings agency Fitch downgraded it, said he personally wouldn't have done it.

(Reporting by Maria Pia Quaglia; Editing by Edwina Gibbs)

Stocks mentioned in the article
ChangeLast1st jan.
ATLANTIA SPA -2.72% 20.37 Delayed Quote.-0.24%
PIA CORPORATION -0.56% 3530 End-of-day quote.0.86%
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Financials (EUR)
Sales 2019 11 611 M
EBIT 2019 4 595 M
Net income 2019 1 495 M
Debt 2019 36 735 M
Yield 2019 4,46%
P/E ratio 2019 11,6x
P/E ratio 2020 11,5x
EV / Sales2019 4,64x
EV / Sales2020 4,57x
Capitalization 17 128 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 24,45  €
Last Close Price 20,94  €
Spread / Highest target 33,2%
Spread / Average Target 16,8%
Spread / Lowest Target 0,76%
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Managers
NameTitle
Carlo Bertazzo Chief Executive Officer & Executive Director
Fabio Cerchiai Chairman
Tiziano Ceccarani Chief Financial Officer
Giuseppe Guizzi Independent Director
Gioia Ghezzi Independent Director
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