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Societe Marseillaise du Tunnel Prado Carenage ( (FR:ALTPC) ) has shared an update.
In 2024, SMTPC experienced a 2.6% increase in revenue due to higher traffic and a tariff increase, despite a 20.9% drop in net income attributed to increased depreciation costs from the Schlœsing ramp. The company plans to propose a dividend increase at the upcoming General Assembly. However, early 2025 traffic has declined by 4.1%, influenced by the leap year, with future activity dependent on broader economic and social conditions.
More about Societe Marseillaise du Tunnel Prado Carenage
The Société Marseillaise du Tunnel Prado Carénage (SMTPC) operates within the transportation infrastructure industry, specifically focusing on toll road management. It is the concessionaire for the Aix Marseille Provence Metropolis, managing a 2.5 km toll road tunnel that connects major highways through Marseille. SMTPC is responsible for the maintenance, safety, and operation of the tunnel and also manages the Prado Sud tunnel.
YTD Price Performance: 4.69%
Average Trading Volume: 47
Technical Sentiment Signal: Strong Sell
Current Market Cap: €168.1M
For a thorough assessment of ALTPC stock, go to TipRanks’ Stock Analysis page.