EIFFAGE (EPA:FGR) - APRR - Turnover and traffic for the year 2018 and the 4th quarter 2018
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29/01/2019 17:45
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Vélizy-Villacoublay, 29th January 2019
17:45
Press release
APRR turnover and traffic for the year 2018 and the 4th quarter 2018
At 31 December 2018
Consolidated revenue
in millions of euro At At % change
31/12/2017 31/12/2018
Toll revenue 2,353.1 2,463.0 +4.7%
Revenue from retail
facilities,
telecommunications
and other 71.5 74.6 +4.3%
Revenue excluding
Construction 2,424.6 2,537.6 +4.7%
Construction revenue
(IFRIC 12)* 304.1 362.2 NS
Excluding Construction, APRR's consolidated revenue totalled EUR 2,537.6
million for the 12 months to 31st December 2018, an increase of 4.7% from
EUR 2,424.6 million for the 12 months to 31st December 2017.
Traffic
in millions of kilometres travelled
Total network
At 31/12/2017 At 31/12/2018 % change
Light vehicles 20,124 20,464 +1.7%
Heavy goods vehicles 3,686 3,859 +4.7%
Total 23,810 24,323 +2.2%
Overall traffic measured by total kilometres travelled increased by 2.2% for
the whole year 2018 compared to the previous year.
Light vehicle traffic was up 1.7% and heavy goods vehicles traffic was up 4.7%
for the full year.
The annual traffic has been contrasted. During the second quarter, it has been
favourably impacted by the disruptions affecting the rail service. At the
opposite, during the last quarter, it has been affected by the "yellow vest"
movement.
4th quarter 2018
Consolidated revenue
in millions of euro Q4 2017 Q4 2018 % change
Toll revenue 554.5 561.7 +1.3%
Revenue from retail
facilities,
telecommunications
and other 19.0 17.9 - 6.0%
Revenue excluding
Construction 573.5 579.6 +1.1%
Construction revenue
(IFRIC 12)* 102.9 125.1 NS
Excluding Construction, APRR's consolidated revenue totalled EUR 579.6 million
in the fourth quarter of 2018, an increase of 1.1% from EUR 573.5 million in
the fourth quarter of 2017.
Traffic
in millions of kilometres travelled
Total network
Q4 2017 Q4 2018 % change
Light vehicles 4,516 4,387 -2.9%
Heavy goods vehicles 944 974 +3.1%
Total 5,460 5,360 -1.8%
Overall traffic measured by the total kilometres travelled decreased by 1.8%
during the fourth quarter of 2018 compared to the same period in 2017.
Light vehicle traffic was down 2.9% over the preceding period and heavy goods
vehicles traffic increased by 3.1% compared to the fourth quarter of 2017.
The 4th quarter traffic has been affected by the "yellow vest" movement.
Financing
On the 10th January 2019, APRR has placed with success a EUR 0.5 billion bond
with a 9 years maturity (due January 2028) and an annual coupon of 1.25%.
This placement followed the 14th November 2018 one which was a EUR 0.5 billion
bond issue with a more than 11 years maturity (due January 2030) and an annual
coupon of 1.5%.
(*) Reminder: the application of IFRIC 12 from 1 January 2009 requires the
recognition of revenue generated by Construction activities, which corresponds
to infrastructure construction services performed by the concession operator
for the account of the concession grantor, this work being entrusted to third
parties and recognised using the percentage of completion method.
Investor relations
Xavier Ombrédanne
Tel.: + 33(0) 1 71 59 10 56
E-mail: xavier.ombredanne@eiffage.com
Press contact
Sophie Mairé
Tel.: + 33 (0)1 71 59 10 62
E-mail: sophie.maire@eiffage.com