Atlas Arteria: Q2 traffic and toll revenue reveal
About the author:
- Author name:
- By Nathan Lead
- Job title:
- Senior Analyst
- Date posted:
- 24 July 2023, 7:30 AM
- Sectors Covered:
- Infrastructure, Utilities, Banks
- Atlas Arteria (ASX:ALX) has released its Q2 traffic and toll revenue data, thus completing the 1H23 revenue picture heading into its 1H23 result scheduled for release on 31 August.
- Solid growth from APRR was broadly in-line with our forecasts, weakness in Chicago Skyway traffic was less than we’d assumed, and the Dulles Greenway remains disappointing.
- HOLD retained, with (login to view) target price. The IFM will they (and when) or won’t they (launch a takeover) remains the key share price influence.
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