Aéroports de Paris: H1 results in line with 2013 forecasts - 2013 forecasts and 2015 targets confirmed

Thu Aug 29, 2013 1:30am EDT

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Traffic up 0.5% in Paris in H1 2013, with 43 million passengers:

  • Favourable development of passenger-traffic mix: international traffic +2.6% 

  • Dynamic growth of the Group's traffic: +5.6% 

H1 results in line with 2013 forecasts:

  • Revenue up by 6.2%, at €1,346 million 

  • EBITDA up by 4.1%, at €487 million 

  • Operating income from ordinary activities virtually stable, at €286 million, and net result attributable to the Group down by 13.9%, at €125 million, due to a strong increase in amortisation and income tax expenses 

Group's operating costs up by 5.4% in the first half to €893 million and up by 1.5% excluding the impact of snowfall and scope effect linked to Nomadvance integration

Very good performance of retail and TAV:

  • Sales per departing passenger at airside shops up 8.5%, at €17.6 

  • Favourable impact of the consolidation of TAV Airports and TAV Construction on operating income from ordinary activities (contribution of €5 million) 

2013 forecasts and 2015 targets confirmed:

  • 2013: assuming that traffic remains stable, consolidated revenue and EBITDA are expected to grow slightly 

  • 2015: 2015 EBITDA up by between 25% and 35% compared to 2009 

Next publication: August 2013 traffic figures on Thursday 12 September 2013


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Source: Aéroports de Paris via Thomson Reuters ONE

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