Aéroports de Paris SA: Filing of the 2019 Universal Registration Document and abandonment of certain targets and outlook ele...
24 März 2020 - 7:22PM
Aéroports de Paris SA: Filing of the 2019 Universal Registration
Document and abandonment of certain targets and outlook elements
for 2020
FINANCIAL RELEASE
23 March 2020
Aéroports de Paris SAFiling of the 2019
Universal Registration Document and abandonment of
certain targets and outlook elements for 2020
The 2019 Aéroports de Paris Universal
Registration Document was filed with the Autorité des Marchés
Financiers (AMF) on 23 March 2020.
The document may be viewed and downloaded from
the Group website
(http://www.parisaeroport.fr/en/group/finance/amf-information,
French text) and the AMF website (www.amf-france.org). The
English-language version will be available shortly.
The following documents are included in the 2019
Universal Registration Document:
- the 2019 financial report,
- the corporate governance report,
- the information concerning the auditors' fees.
Given the uncertainties on the evolution of the
COVID-19 pandemic, the Groupe will continue to inform the market on
the economic impact that may result from it. In this regard, the
following items should be noted.
To date, 2020 traffic assumptions1 of Groupe ADP
are not relevant anymore. Groupe ADP considers that it will not be
possible to reach the 2020 EBITDA forecasts1 nor the 2016-2020's
financial targets of the Connect 2020 plan (traffic, EBITDA,
regulated ROCE).
Consistently with the sensitivity analyses
already conducted and with the traffic decrease assumptions in
Paris and on other platforms managed by Airport International Group
and TAV Airports around 65% on average on all destinations between
the months of March and July, the loss in Groupe ADP's EBITDA in
absolute terms would be approximately of 800 M€. This includes a
decrease in revenue of the Parisian scope of 1 bn€ for its aviation
and retail activities.
Groupe ADP intensifies its financial and
operational optimization plan now valued at around 270 M€ for the
entire group. Furthermore, the group has decided to resort to
partial activity, affecting 80 % of the employees of the parent
company (ADP SA).
It is reminded that this sensitivity analysis
does not constitute a forecast nor a target. Furthermore, all
estimates and prospective data contained in the present release may
prove inexact and are, either way, subject to risks, particularly
those mentioned here-above.
Given the aforementioned uncertainties and the
evolving nature of the ongoing situation, Groupe ADP will
communicate later on adjusted forecasts and will do, in any case, a
progress report on or before the 2020 first quarter revenue
release.
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
23Groupe 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
1 See the 2019 full year results financial
release published on 10 February 2020
- Aéroports de Paris SA - Filing of the 2019 Universal
Registration Document and abandonment of certain targets and
outlook elements for 2020
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