Aeroports de Paris SA
PAR:ADP

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Aeroports de Paris SA Logo
Aeroports de Paris SA
PAR:ADP
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Price: 123.2 EUR -0.08% Market Closed
Market Cap: 12.2B EUR

Aeroports de Paris SA
Investor Relations

As the quintessential gateway to France and a powerful symbol of global aviation connectivity, Aeroports de Paris SA (ADP), known commercially as Groupe ADP, operates some of the busiest and most strategically important airports in the world, including Paris-Charles de Gaulle, Paris-Orly, and Paris-Le Bourget. Established in an era when air travel was still a burgeoning dream, the company has evolved through the decades into a multifaceted enterprise, intertwining tradition with cutting-edge technological innovation. At its core, ADP is a complex ecosystem, a blend of logistical precision and customer-centric services, designed to handle not only the everyday hustle of millions of travelers but also the intricate dance of aircraft and cargo logistics.

The heartbeat of ADP’s operations lies in its robust revenue model, driven by both aeronautical and non-aeronautical activities. On one hand, they derive income from core aeronautical services, such as landing, parking, and passenger fees, providing the necessary infrastructure for air carriers. On the other hand, a significant portion of their revenue is generated from non-aeronautical sources, including diversified retail operations, real estate development, and parking services. Restaurants, duty-free shops, and commercial leases transform airport terminals into bustling hubs of commerce, enhancing the traveler experience while optimizing per-passenger profitability. By striking a careful balance between these two spheres, ADP not only maintains its financial stability but also positions itself as a critical player in the global aviation sector.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Jul 27, 2023
AI Summary
Q2 2023

Revenue Growth: Group ADP reported first-half revenue of €2.5 billion, up 26.9% year-on-year, in line with expectations.

Profitability: EBITDA grew 22.9% to €863 million, with a margin of 33.9%, and net income rose 41.8% to €211 million.

Strong Passenger Recovery: Group traffic reached 97.3% of 2019 levels, with Paris traffic up 25.7% versus last year and outperforming pre-pandemic levels on peak days.

Retail Outperformance: Sales per passenger in Paris reached €29.60, driven by retail enhancements and strong terminal performance.

Cost Pressures: Management highlighted rising OpEx, especially staff costs and contract renewals, but confirmed all margin and OpEx per passenger guidance.

Unchanged Guidance: All 2023-2025 financial targets and traffic assumptions were confirmed, including EBITDA margin, CapEx, and dividend policy.

Strategic Initiatives: Continued focus on decarbonization, major Paris infrastructure projects, and employee shareholding plan rollout.

Olympics Preparedness: Investments and staffing ramp-up ahead of Paris Olympics and Rugby World Cup are underway, with one-off OpEx expected but long-term targets maintained.

Key Financials
Revenue
€2.5B
EBITDA
€863M
EBITDA Margin
33.9%
Net Income
€211M
Net Debt to EBITDA Ratio
4.3x
Paris Passenger Traffic
over 47 million passengers in H1
Group Traffic Recovery Rate
97.3% of 2019
Sales Per Passenger (Paris)
€29.60
Earnings Call Recording
Other Earnings Calls
2023
2021
2019
2018

Management

Mr. Augustin Pascal Pierre Louis Marie de Romanet de Beaune
Chairman & CEO
No Bio Available
Mr. Philippe Pascal
Deputy Executive Officer of Finance, Strategy & Administration
No Bio Available
Ms. Audrey Arnoux
Head of Investor Relations
No Bio Available
Mr. Loic Aubouin
General Counsel & Chief Insurance Officer
No Bio Available
Mr. Bertrand Sirven
Chief Communications Officer
No Bio Available
Mr. Laurent Gasse
Chief Human Resources Officer
No Bio Available
Mr. Edward Rodolphe Paul Arkwright
Deputy Chief Executive Officer
No Bio Available
Mr. Mathieu Daubert
Chief Customer Officer
No Bio Available
Lola Bourget
Head of Media and Reputation Department
No Bio Available
Ms. Alexandra Locquet
Chief Audit, Security & Risk Management Officer
No Bio Available

Contacts

Address
ILE-DE-FRANCE
Tremblay-en-France
1 Rue de France
Contacts
+33174256700.0
www.parisaeroport.fr