ATL Atlantia

By Olivia Bugault

Atlantia SpA said Friday that it swung to a loss in the first nine months of 2020 as the coronavirus pandemic hit its activities.

The Italian infrastructure operator posted a loss of 718 million euros ($846.8 million), compared with a profit of EUR1.04 billion during the same period last year.

Operating revenue fell to EUR6.22 billion from EUR8.82 billion mainly due to coronavirus restrictions, it said.

Atlantia added that revenue could potentially be fall by around EUR3.5 billion in 2020 compared with 2019. The company had previously anticipated a EUR3 billion decline.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

November 13, 2020 13:12 ET (18:12 GMT)

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