Antin falls as 2024 outlook comes below expectations

Antin Infrastructure Partners SAS

07/03/2024 08:39

** Shares in Antin Infrastructure Partners  ANTIN.PA  fall
around 4.5%, paring earlier losses of as much as 10.5%, as the
French investment firm's 2024 EBITDA outlook misses expectations
    ** The Paris-based firm said 2024 underlying EBITDA is
expected at or above the 2023 level of 175.5 million euros
($191.07 million)
    ** Jefferies says Antin's 2024 outlook commentary "is likely
to get most scrutinity", calling it a "disappointment"
    ** J.P.Morgan says consensus for 2024 underlying EBITDA
stands at 228 million euros
    ** "We believe that the adjusted EBITDA guidance for 2024
does not provide scope for consensus earnings upgrades" - JPM
    ** Stock is among worst performers on France's SBF 120 index
 .SBF120 
    
($1 = 0.9185 euros)

 (Reporting by Lina Golovnya)
 ((Lina.Golovnya@thomsonreuters.com;))