Aéroports de Paris SA: Termination of the 2016-2020 ERA and termination of the public consultation document for the 2021-202...
26 Mai 2020 - 6:15PM
Aéroports de Paris SA: Termination of the 2016-2020 ERA and
termination of the public consultation document for the 2021-2025
ERA
FINANCIAL RELEASE
26 May 2020
Aéroports de Paris SA
Termination of the 2016-2020 Economic
Regulation Agreement (ERA) and termination of the public
consultation document for the 2021-2025 ERA
In the context of the Covid-19 pandemic and its
consequences on the air transport sector and on the Parisian
platforms in particular, Groupe ADP has already noted the
impossibility to reach, by the end of 2020, the financial and
investments targets attached to the period 2016-20201.
These circumstances are exceptional and
unforeseeable. Groupe ADP wishes to draw all legal consequences,
and following the approval of its Board of Directors, it has
notified to the Director General of the French Civil
Aviation Authority (DGAC) a request for an early termination of the
ERA 3 covering the period 2016-2020.
These circumstances also lead to the
obsolescence of the assumptions made by Groupe ADP in its proposal
for the 2021-2025 period released on April 2nd 20192, regarding
both the targeted financial balance and the proposed industrial
development project. Therefore, Groupe ADP notes the
termination of the ERA 4 public consultation document and has
decided not to pursue the contract procedure initiated on April
2nd, 2019.
In the absence of an economic regulation
agreement applicable to the airports charges and the
investments, Groupe ADP will have to submit annually for
consultation to the aviation users, and for approval to the French
Transport Regulatory Body (ART), a tariff proposal based on the
current service costs related to the airport fees, and more
specifically an annual investment plan.
Groupe ADP will be able to restart a procedure
for an economic regulation agreement once all the conditions for an
industrial and financial visibility are met.
Investor Relations: Audrey Arnoux, Head
of Investor Relations +33 6 61 27 07 39 - invest@adp.fr
Press 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, 93 290 Tremblay-en-France. Aéroports de Paris is 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 financial release of 23 March 2020
"Filing of the 2019 Universal Registration Document and abandonment
of certain targets and outlook elements for 2020".
2 See the financial release of 2 April 2019
"2021-2025 Economic Regulation Agreement - Availability of the
Public Consultation Document final version"
- Aéroports de Paris SA-Termination of the 2016-2020 ERA and
termination of the public consultation document for the 2021-2025
ERA
ADP Promesses (EU:ADP)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
ADP Promesses (EU:ADP)
Historical Stock Chart
Von Jul 2023 bis Jul 2024