Macquarie Atlas Roads says its toll revenue for the June quarter increased one per cent as revised toll schedules helped offset weaker economic conditions in Europe.
Macquarie said weighted average traffic for the June quarter was 1.7 per cent lower than the prior corresponding period, largely reflecting "weak traffic performance across Macquarie Atlas' European toll road assets".
For the six months to 30 June 2012, weighted average toll revenue grew 0.9 on 2011 levels, Macquarie said today.
In France, revenue from Macquarie's stake in the Autoroutes Paris-Rhin-Rhone asset fell 0.5 per cent due to a fall in light vehicle traffic caused by record-high fuel prices, poor weather, the French elections and the weak economic conditions.
Toll revenue at the Warnow Tunnel asset in Rostock, Germany decreased by 7.1 per cent in the quarter as weaker traffic levels were partially offset by the tariff increases.
Meanwhile, assets in the United States all reported increases in toll revenue for the quarter.
The Chicago Skyway posted a 4.9 per cent increase in the June quarter on the prior corresponding period, while revenue at the Indiana Toll Road revenue increased 7.7 per cent.
Revenue at the Dulles Greenway, Virginia asset increased 7.7 per cent during the same period.Macquarie Atlas Roads' shares were down three cents to $1.37 in late trade.
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