Travel Retail and Duty Free Business Intelligence    Wednesday 22 October 2014

CAR PARKING AND RENTAL

Optimistic Aéroports de Paris posts +4.5% rise in first-half EBITDA despite sharp passenger traffic downturn– 28/08/09

Published: 28/08/09

Source: ©The Moodie Report

By Martin Moodie

FRANCE. Aéroports de Paris (AdP) this morning announced a +4.5% rise in first-half EBITDA to €423.6 million, buoyed by a strong performance from retail and other commercial revenues.

As reportedon 13 August, the group’s first-half revenue rose by +5.9% to €1,285.9 million. Within that, retail and services posted a +1.4% year-on-year rise to €430.9 million – despite a -6.4% decline in traffic over the period.

Today AdP confidently reiterated its objectives for 2009. It is now assuming a decrease in passenger traffic of between -4.5% and -6.5% in 2009 compared with last year, followed by a slight increase in 2010. It is also anticipating a “slight” growth in 2009 revenue.

Source: Aéroports de Paris
Detailing its retail performance, AdP said that first-half fees from shops, bars & restaurants, advertising, banking and foreign exchange activities and car rental rose by +1.3% year-on-year. Shops in restricted areas posted a revenue increase of +3.9% buoyed by the continuing rise in revenue per passenger, despite the traffic downturn.

As previously reported, revenue per passenger moved up +9.8% to €12.30 thanks to the development of additional space and a positive traffic mix (growth in international routes).

Revenue from the joint ventures with Aelia (Société de Distribution Aéroportuaire) and The Nuance Group (Duty Free Paris) climbed +2.6% to €89.4 million.

Car parks and access revenue declined by -6.9% owing to the traffic downturn.

Source: Aéroports de Paris


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MORE STORIES ON AÉROPORTS DE PARIS

Aéroports de Paris posts -3.1% dip in July traffic – 18/08/09

Expanded retail services drive ‘resilient’ Aéroports de Paris revenues in the first half of 2009 – 13/08/09

Aéroports de Paris and French Customs launch self-service tax refund facility for passengers at Paris CDG – 13/08/09

Nuance-AdP joint venture opens 11 fashion stores at Paris Charles de Gaulle Airport – 23/07/09

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