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EIFFAGE (EPA:FGR) - APRR turnover and traffic for the year 2019 and the 4th quarter 2019

Directive transparence : information réglementée

28/01/2020 17:45

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Vélizy-Villacoublay, 28th  January 2020
17:45

                               Press release

    APRR turnover and traffic for the year 2019 and the 4th quarter 2019

At 31 December 2019 

Consolidated revenue
in millions of euro             At 31/12/2018    At 31/12/2019   % change
Toll revenue                       2,463.0        2,534.5         +2.9%
Revenue from retail facilities,
telecommunications and others       74.6           76.5           +2.5%
Revenue excluding Construction     2,537.6        2,611.0         +2.9%
Construction revenue (Ifric 12)*   362.2          405.0             NM

Excluding Construction, APRR's consolidated revenue totalled EUR2,611.0 million
at 31st December 2019, an increase of 2.9% from EUR2,537.6 million to 31st
December 2018.

Traffic

in millions of kilometres travelled                 Total network
                                    At 31/12/2018  At 31/12/2019  % change
Light vehicles                         20,464         20,695       +1.1%
Heavy goods vehicles                    3,859          3,886       +0.7%
Total                                  24,323         24,581       +1.1%

Overall traffic measured by total kilometres travelled increased by 1.1% for
the whole year 2019 compared to the previous year.

Light vehicle traffic was up 1.1% for the full year and heavy goods vehicles
traffic progressed by 0.7%.

4th quarter 2019 

Consolidated revenue

in millions of euro             Q4 2018     Q4 2019    % change
Toll revenue                     561.7       605.2       +7.7%
Revenue from retail facilities,
telecommunications and others     17.9        20.0      +11.6%
Revenue excluding Construction   579.6       625.2       +7.9%
Construction revenue (Ifric 12)* 125.1       102.3        NM

Excluding Construction, APRR's consolidated revenue totalled EUR625.2 million
in the fourth quarter of 2019, an increase of 7.9% from EUR579.6 million in the
fourth quarter of 2018.

Traffic

in millions of kilometres travelled       Total network
                                   Q4 2018   Q4 2019  % change
Light vehicles                      4,387     4,807    +9.6%
Heavy goods vehicles                  974       972    -0.1%
Total                               5,360     5,779    +7.8%

Overall traffic measured by the total kilometres travelled increased by 7.8%
during the fourth quarter of 2019 compared to the same period in 2018.

Light vehicle traffic was up 9.6% over the preceding period and heavy goods
vehicles traffic was almost flat.

Fourth quarter 2019 traffic has been favourably impacted by the disruptions
affecting the rail service whilst the last quarter of 2018 had been affected by
the social movements.

Financing

On the 10th January 2020, APRR has placed with success a new EUR0.5 billion
bond with a 3 year maturity (due January 2023) and a zero coupon.

(*) 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