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Aeroports de Paris lowers 2009 EBITDA forecast

Tue Jun 16, 2009 2:07pm EDT

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PARIS, June 16 (Reuters) - Aeroports de Paris (ADP.PA) on Tuesday lowered its EBITDA forecast for 2009, citing a larger-than-expected drop in traffic due to the economic crisis.

The airport operator maintained its forecast for slight sales growth in 2009, but said in a statement that EBITDA should come in at the same level as last year. It had previously forecast a slight rise in EBITDA year-on-year.

ADP now expects a drop in traffic of between 4.5 percent and 6.5 percent. It had previously forecast a drop of between 2.5 percent to 4.5 percent.

ADP saw 7.2 million passengers in May, down 6.3 percent compared to a year earlier. Traffic fell 6.6 percent in the first five months of 2009.

Shares in ADP closed up 2.14 percent on Tuesday at 54.56 euros, compared to a drop of 0.17 percent in France's benchmark CAC 40 index .FCHI. (Reporting by Sophie Taylor, editing by Leslie Gevirtz)



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