Vinci Expects Worse-Than-Expected Motorway Traffic Decline in 2020 Due to Pandemic
13 Novembro 2020 - 5:00AM
Dow Jones News
By Cecilia Butini
Vinci SA said Friday that it now expects a worse decline in 2020
motorway traffic than it had forecast due to the restrictions put
in place to stem the coronavirus pandemic.
The French construction and infrastructure company said it has
revised its forecast for motorway traffic, anticipating a decrease
in traffic of between 20% and 25%, having previously forecast a
15%-20% contraction.
The company said the restrictions on movement, which were put in
place in France at the end of October, would affect its operations
in the final months of 2020. Vinci already experienced a slump in
traffic as a result of restrictions on movement in France, and said
traffic fell 48% in the week between Nov 2 and Nov 8.
It also said, however, that it is difficult to reliably quantify
the effect of restrictions on its operations until the end of 2020,
due to unknown health and economic factors, including the duration
of the lockdown in France.
Nonetheless, the company expects traffic to return to normative
levels quickly as soon as the restrictions are lifted.
Vinci said it maintains its previously given outlook on airports
and contracting businesses.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
November 13, 2020 02:45 ET (07:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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