Atlas Arteria: Weak Traffic and French Taxes Clip Earnings; Fair Value Down by 15%
Toll road owner VINCI Autoroutes' French intercity traffic fell 6% in August. Year-to-date, traffic is down 3%, with a 4% reduction in car volumes offsetting slightly higher truck volumes. VINCI data is a guide for Atlas Arteria's core asset—the 31%-owned APRR motorway—also in France.