Aéroports de Paris: Q1 2014 consolidated revenue
14 Mai 2014 - 7:30AM
Traffic growth
(+3.6%) not translated into revenue (-2.4% to €637 million)
due to decrease in de-icing fees and scope effect (mothballing of
cogeneration plant):
-
Continued good dynamics in
traffic (+3.6%) since Q4 2013
-
Aviation:
sustained growth of airport fees (+5.8%, to €206 million) driven by
traffic and tariffs increase, totally offset by the decrease in
ancillary fees (-19.4% to €45 million) linked to low de-icing
activity following an exceptionally mild winter
-
Retail and
services: growth of retail activities (+1.4%, to €85
million) more than offset by the strong decrease in industrial
services (-53.7%, to €13 million) due to the mothballing in April
2013 of the cogeneration plant resulting in a decrease in
electricity sales (-74.0%, to €4 million)
-
Real estate:
impact of the indexation of rents on CCI down by 1.74% as of 1
January 2014
-
Continued control over
operating costs strengthened by a positive effect on margins of no
snowfall
Group revenue by
segment:
In
million of euros
(unless stated otherwise) |
Q1 2014 |
Q1 2013
Pro forma |
2014 / 2013 |
Aviation |
376 |
375 |
+0.5% |
Retail and
services |
224 |
234 |
-4.4% |
Real
estate |
65 |
66 |
-1.6% |
International and airport developments |
16 |
22 |
-26.9% |
Other
activities |
47 |
47 |
-1.0% |
Intersegment eliminations |
(91) |
(91) |
-0.1% |
Consolidated revenue |
637 |
653 |
-2.4% |
|
|
|
|
Group traffic (in millions of
passengers) |
29 |
27 |
+7.1% |
Paris
Airports (CDG+ORY) |
20 |
19 |
+3.6% |
TAV
Airports @ 38% |
8 |
7 |
+15.6% |
|
|
|
|
Sales/PAX (€) |
18.0 |
17.8 |
+1.1% |
Augustin de Romanet,
Chairman and Chief Executive Officer of Aéroports de Paris,
said:
"The upturn in traffic observed
since the beginning of the fourth quarter of 2013 continued over
the first quarter of 2014, with a 3.6% growth in passenger traffic
at Paris airports. This growth did not translate into an increase
in consolidated revenue mainly because of an external effect
(decrease in revenue linked to de-icing activities, as a
consequence of an exceptionally mild winter) and a scope effect
(mothballing of cogeneration plant). Beyond revenue, our continued
efforts on control over operating costs and no snowfall had a
positive impact on our margins."
A conference call will be
held today at 9:00, CET
Aéroports de Paris: Q1 2014
consolidated revenue - Financial Release
Aéroports de Paris: Q1 2014 consolidated revenue - Presentation
Aéroports de Paris: Chiffre d'affaires consolidé du T1 2014 -
CP
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aéroports de Paris via Globenewswire
HUG#1785030
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