The good performance of motorway traffic, the driving force of South American activities and the growth in revenues and EBITDA of Aeroporti di Roma (AdR) are good for the accounts of Atlantia, the infrastructure holding company of the Benetton group, which closes the first six months of the year with margins and profits growing despite the weight of the investment in Alitalia.
Revenues are up 26%, EBITDA up 23% and net income up 23%. Atlantia also benefits from the development of the South American activities despite the negative effect of the exchange rate and benefits from the good performance of AdR which increases revenues by 17%, also thanks to the new tariffs guaranteed by the new planning agreement, and the EBITDA by 29%.
The merger with Gemina which brought AdR as a dowry and which was consolidated in the last few months of 2013 also benefits the Atlantia group.
Unfortunately, however, the losses of Alitalia weigh on Atlantia, in which the Benetton group has a stake that has so far been above all a source of trouble, even if the agreement with the Arabs of Etihad gives hope for a better future both for Alitalia and for adR e therefore also for Atlantia which for now must record a loss of 45 million from the airline in the first six months.
