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Eiffage S.A. — Earnings Release 2014
Oct 20, 2014
1275_10-q_2014-10-20_7b90f254-28ed-4029-aa6a-4e939f36f6ae.pdf
Earnings Release
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APRR TURNOVER AND TRAFFIC FOR THE 3rd QUARTER 2014
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3RD QUARTER 2014
Consolidated revenue
| in millions of euro | Q3 2013 | Q3 2014 | % change |
|---|---|---|---|
| Toll revenues | 586.2 | 597.0 | + 1.8% |
| Revenue from retail facilities, telecommunications and other |
19.5 | 18.6 | - 4.5% |
| Revenue excluding Construction | 605.7 | 615.7 | + 1.6% |
| Construction revenue (IFRIC 12)* | 79.1 | 79.3 | nm |
Excluding Construction, APRR's consolidated revenue totalled €615.7million in the third quarter of 2014, an increase of 1.6% from €605.7 million in the third quarter of 2013.
Traffic
| in millions of kilometres travelled | Total network | ||
|---|---|---|---|
| Q3 2013 | Q3 2014 | % change | |
| Light vehicles | 5,687 | 5,720 | + 0.6% |
| Heavy goods vehicles | 778 | 788 | + 1.2% |
| Total | 6,465 | 6,508 | + 0.7% |
Overall traffic measured by the number of kilometres travelled is up 0.7% compared to the same period last year.
Light vehicle traffic trend is positive with a 0.6% increase compared to the third quarter of 2013.
Heavy goods vehicle traffic is up 1.2% during the third quarter.
At 30 SEPTEMBER 2014
Consolidated revenue
| in millions of euro | At 30/9/2013 | At 30/9/2013 | % change |
|---|---|---|---|
| Toll revenues | 1,554.6 | 1,595.1 | + 2.6% |
| Revenue from retail facilities, telecommunications and other |
52.6 | 49.6 | - 5.6% |
| Revenue excluding Construction | 1,607.1 | 1,644.7 | + 2.3% |
| Construction revenue (IFRIC 12)* | 190.7 | 189.3 | nm |
Excluding Construction, APRR's consolidated revenue totalled €1,644.7 million as at 30th September 2014, an increase of 2.3% from €1,607.1 million as at 30th September 2013.
Traffic
| in millions of kilometres travelled | Total network | ||
|---|---|---|---|
| At 30/9/2013 | At 30/9/2014 | % change | |
| Light vehicles | 14,103 | 14,298 | + 1.4% |
| Heavy goods vehicles | 2,383 | 2,427 | + 1.9% |
| Total | 16,486 | 16,725 | + 1.4% |
Overall traffic measured by the number of kilometres travelled increased by 1.4% compared to the same period of 2013.
Light vehicle traffic is up 1.4% compared to the situation as at 30th September 2013.
Heavy goods vehicle traffic is up 1.9%.
Tariff
The annual tariffs revision took place on 1st February 2014 with an average increase of 0.80% for APRR and 0.84% for AREA.
(*) 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 : | Press contact: |
|---|---|
| Xavier Ombrédanne | Sophie Mairé |
| Telephone : + 33(0) 1 41 32 81 44 | Telephone: + 33 (0)1 41 32 78 84 |
| E-mail : [email protected] | E-mail: [email protected] |