Aéroports de Paris SA: Groupe ADP takes note of the ART's opinion on the WACC and does not share its assumptions nor its con...
27 Februar 2020 - 7:00PM
Aéroports de Paris SA: Groupe ADP takes note of the ART's opinion
on the WACC and does not share its assumptions nor its conclusions
PRESS RELEASE
27 February 2020
Aéroports de Paris SAGroupe ADP takes
note of the ART's opinion on the WACCand does not
share its assumptions nor its conclusions
Groupe ADP takes note of the opinion on the
Weighted Average Cost of Capital (WACC) published by the Transports
Regulation Authority (Autorité de Régulation des Transports – ART)
on 27 February 2020 as part of the preparation of the upcoming
Economic Regulation Agreement (ERA) for the 2021-2025 period. This
opinion holds a WACC range for the regulated scope between 2% and
4.1%, below the WACC assumption of 5.6% figuring in the ERA's
public consultation document, published on 2 April 2019.
Groupe ADP shares neither the method nor the
assumptions nor the conclusions held by the ART in its assessment
of the WACC and considers as sound the model and assumptions of the
public consultation document which is based on market financial
data and comparable firms. Groupe ADP reserves the possibility to
assert its positions by all means.
The ART states that this opinion "is merely an
insight by the Authority given on the basis of existing data at
this stage of the process and which could not prejudge of the WACC
which will ultimately be retained during the ERA project analysis"
(see the ART's opinion, section 19).
Groupe ADP is confident in its capacity to
preserve the group's long term profitability and the industrial
strategy, which are essential for its customers, its employees and
the development of the territories and the employment.
Investor Relations: Audrey Arnoux, Head of Investor
Relations +33 6 61 27 07 39 -
invest@adp.frPress contact: Lola Bourget,
Head of Medias and Reputation Department +33 1 74 25 23
23
Groupe ADP develops and manages airports,
including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget.
In 2019, the group handled through its brand Paris Aéroport more
than 108 million passengers and 2.2 million metric tons of freight
and mail at Paris-Charles de Gaulle and Paris-Orly, and more than
110 million passengers in airports abroad. Boasting an exceptional
geographic location and a major catchment area, the Group is
pursuing its strategy of adapting and modernizing its terminal
facilities and upgrading quality of services; the group also
intends to develop its retail and real estate businesses. In 2019,
group revenue stood at €4,700 million and net income at €588
million.Registered office: 1 rue de France – 93290 Tremblay en
France, France. A public limited company (Société Anonyme) with
share capital of €296,881,806. Registered in the Bobigny Trade and
Company Register under no. 552 016 628.
groupeadp.fr
- Aéroports de Paris SA - Groupe ADP takes note of the ART's
opinion on the WACC and does not share its assumptions nor its
conclusions
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