Atlas Arteria: Q2 traffic and toll revenue reveal

About the author:

Nathan Lead
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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