Aéroports de Paris' 2013 FY Results: Control Over OPEX and Strong Consolidated EBITDA growth at +4.7%

Wed Feb 19, 2014 12:28pm EST

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2013 annual results:

New record year for passenger traffic in Paris: +1.7%, with 90.3 million passengers

Increase in consolidated revenue: +4.3% at €2,754 million

Strong growth of consolidated EBITDA (+4.7% to €1,075 million): control over operating costs of both Group (+3.4%) and parent company (+2.7%)

Decrease in net result attributable to the Group by 10.0% to €305 million: new taxes implemented in 2013, last year of strong increase in depreciation and amortisation of ERA 2 and non-recurring impact of provisions related to the voluntary departure scheme

Pay-out ratio at 60% of the net result attributable to the Group (€1.85 per share)

2014 forecasts:

Traffic: assumption of 2.0% growth compared to 2013

Consolidated EBITDA: increase greater than traffic growth

Net result attributable to the Group: marked rebound compared to 2013

In million of euros - Aéroports de Paris group  2013  2012
pro forma
2013 / 2012
Revenue 2,754  2,640  +4.3%  
EBITDA 1,075  1,026  +4.7%  
Operating income from ordinary activities (including operating activities of associates) 680  655  +4.0%  
Operating income (including operating activities of associates) 657  652  +0.8%  
Financial result (140) (131) + 6.9%  
Income tax (209) (176) +18.7%  
Net result attributable to the Group 305  339  - 10.0%  
Sales per passenger (€) 17.7 16.8 + 5.3%

Calendar:

Analysts meeting on thursday 20 February 2014 at 11:00am Paris time. Broadcast and presentation available at http://www.aeroportsdeparis.fr/ADP/en-GB/Group/Finance/

February 2014 traffic figures on Monday 17 March 2014

Q1 2014 revenue on Wednesday 14 May 2014

Attached files:





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Source: Aéroports de Paris via Globenewswire

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