2014 first half results of Aéroports de Paris Group:

  • Good dynamics for traffic in Paris (+4.2%) and for the Group (+7.1%)
  • Stable revenue impacted by the decrease in de-icing revenue and the mothballing of the cogeneration plant
  • EBITDA increased strongly (+8.4% at €528 million): decreased in operating costs (-1.8%) due the absence of snowfall and continued cost saving plan
  • Operating income from ordinary activities increased by 19.9% at €343 million: decreased in depreciation and amortisation (-1.1%) and growth in the share of profit of associates from operating activities (that doubled)
  • Net result attributable to the Group in marked rebound (45.7% at €182 million): improvement in financial result and tax rate stability

Update of Aéroports de Paris group 2014 forecasts:

  • Traffic : assumption of growth of between 2.7% and 3.2% compared to 2013
  • Consolidated EBITDA higher than €1,100 million
In million of euros (unless stated otherwise) H1 2014 H1 2013 Change 2014 / 2013  
 
Revenue 1,347  1,346  +0.1%    
EBITDA 528  487  +8.4%    
Operating income from ordinary activities (including operating activities of associates) 343  286  +19.9%    
Net financial income/expense (59) (67) -12.3%    
Income taxes (99) (92) +8.1%    
Net income attributable to the Group 182  125  +45.7%    
 
Group traffic (in million of passengers) 65  60  +7.1%    
Paris Airports (CDG + ORY) 45  43  +4.2%    
TAV Airports @ 38% 17  15  +13.5%    
 
Sales per pax (€)* 17.7  17.6  +0.7%    

Calendar:

  • Today at 11:00 am Paris time: analysts meeting (broadcast and presentation available at http ://www.aeroportsdeparis.fr/ADP/en-GB/Group/Finance/)
  • 14 August 2014: July 2014 traffic figures
  • 13 November 2014: Q3 2014 revenue

 Attached files:


Presentation: ADP 2014 Half Year Results
ADP Consolidated P&L
Financial Release: ADP 2014 Half Year Result
Communiqué financier : résultats semestriels 2014 ADP
Présentation : résultats semestriels 2014 ADP


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#1843350
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