Atlas Arteria (AU:ALX) has released an update.
Atlas Arteria has reaffirmed its 2024 distribution guidance at 40 cents per security following a 3.8% increase in toll revenue and a 12.7% rise in net corporate free cash flow for the first half of the year, despite a slight dip in traffic due to farmers’ strikes. Key highlights include capital management initiatives to bolster cash flow, ongoing legal challenges to the French transportation tax, and strategic growth with the awarding of the A412 motorway project. The company also anticipates a reduction in the use of cash on hand for distribution funding, signaling improved financial stability.
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