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    ATL   IT0003506190

ATLANTIA SPA

(ATL)
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Atlantia : Italy antitrust probes Atlantia's motorway unit for not cutting tolls

07/21/2021 | 08:30am EDT
FILE PHOTO: A view of the Autostrade per l'Italia headquarters

MILAN (Reuters) - Italy's competition watchdog said on Wednesday it was investigating Atlantia's motorway unit Autostrade per l'Italia (ASPI) for failing to lower tolls, as previously requested by the regulator, on routes where traffic has been impacted by maintenance works.

The antitrust was focusing on the December 2019-January 2021 period and the company has reduced or scrapped tolls on routes under maintenance since 2020, ASPI said in a statement in response to the opening of the inquiry.

The highway operator said this decision over tolls had led to a revenue drop of 77 million euros ($90.64 million) for the company over 2020-2021.

The watchdog had already fined the motorway operator 5 million euros in March for not cutting the tolls for highway sections "with considerable traffic problems" due to road works, it said in a statement.

The company, which manages around 3,000 km of Italy's motorway network, said it was also developing a new cashback system - the first in Europe - which would reimburse travelers who have experienced delays.

The new project still needs to be finalised with the Transport Ministry and would be presented to the regulator too, it added.

($1 = 0.8503 euros)

(Reporting by Maria Pia Quaglia, editing by Giulia Segreti and Bernadette Baum)


ę Reuters 2021
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Sales 2021 9 635 M 11 424 M 11 424 M
Net income 2021 258 M 305 M 305 M
Net Debt 2021 38 213 M 45 310 M 45 310 M
P/E ratio 2021 49,7x
Yield 2021 4,18%
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EV / Sales 2022 4,64x
Nbr of Employees 29 373
Free-Float 25,8%
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Carlo Bertazzo Chief Executive Officer, Executive Director & GM
Tiziano Ceccarani Chief Financial Officer
Fabio Cerchiai Chairman
Guglielmo Bove Executive VP, Head-Group Compliance & Security
Nicola Bruno Head-International Administration