Macquarie Atlas Modest growth during Q1FY17
Modest growth during Q1FY17:Macquarie Atlas is expected to benefit from future spending on infrastructure projects while the group is already witnessing growth in toll revenue. For Q1FY17, the group reported that toll revenue from Autoroutes Paris-Rhin- Rhone (MQA owns a 20.14% interest in APRR, in France) grew by 2.1% year on year (yoy) to €536.9 million while the revenue from ADELAC (MQA owns a 20.15% interest in ADELAC, in France) increased by 6.0% yoy to €144,289 driven by traffic growth and higher tolls during the quarter. Revenue from Dulles Greenway (MQA owns 100% interest in TRIP II LP Dulles Greenway in Virginia, United States) and Warnowquerung GmbH & Co. KG (MQA owns a 70% interest in, the owner of the concession for the Warnow Tunnel in Rostock, Germany) grew by 7.1% yoy 6.8% yoy to $241,127, and €26,109, respectively. Importantly, in February 2017, MQA announced that it intended to exercise its pre-emptive right to acquire the remaining 50% economic interest in the Dulles Greenway. MQA’s ownership in the Dulles Greenway has been said to increase to 100% following the acquisition. Further, the acquisition is expected to enhance MQA’s ability to optimize Dulles Greenway’s key operating business decisions, capital structure and cash flows over the longer term.
To read the complete report CLICK HERE. To get your free report CLICK HERE
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people.Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation.Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product.The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in: BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Copyright © 2015 Kalkine Pty Ltd ABN 34 154 808 312. No part of this website, or its content, may be reproduced in any form without the prior consent of Kalkine Pty Ltd.
Kalkine is a trading name of Kalkine Pty Ltd ABN 34 154 808 312, which holds Australian Financial Services Licence No. 425376.