Consolidated revenue up 0.8 % over the first 9 months of 2014 (+1.3% excluding impact of pilots' strike) and 2014 forecasts confirmed
- Continued good underlying growth in passenger traffic (+2.4%): traffic growth on a trend higher than +4% until mid-September and in October
- Aviation: sustained growth in revenue from airport fees partially offset by the decrease in de-icing fees over the first half (extraordinarily mild winter) and revenue from airport safety and security services
- Retail and services: growth in retail activities driven by the new retail area in Terminal 2F and the implementation of an action plan in July 2014, (Sales/PAX 9M 2014 +1.9% to €17.5), more than cancelled out by the mothballing of the cogeneration plant
Impact of Air France pilots' strike on Aéroports de Paris Group:
- Traffic: 60,000 passengers less per day between 15 and 30 September
- Revenue: -€12 million (increase in 9M 2014 revenue of 1.3% excluding impact of the strike)
2014 forecasts of the Group confirmed:
- Assumption of 2014 traffic growth refined at +2.7% excluding snowfall and other exceptional events
- 2014 EBITDA higher than €1,100 million and net result in marked rebound compared to 2013
Group revenue by segment:
In millions of euros (unless stated otherwise) | 9M 2014 | 9M 2013 pro forma | 2014 / 2013 |
Aviation | 1,251 | 1,238 | + 1.0% |
Retail and services | 705 | 708 | - 0.4% |
Real estate | 198 | 199 | - 0.7% |
International and airport developments | 61 | 51 | + 20.1% |
Other activities | 148 | 148 | - |
Inter-segment eliminations | (282) | (278) | + 1.2% |
Consolidated revenue | 2,081 | 2,066 | + 0.8% |
Group traffic (in million of passengers) | 103 | 97 | + 5.7% |
Paris airports (CDG + ORY) | 70 | 69 | + 2.4% |
TAV Airports @ 38% | 27 | 24 | + 13.6% |
Sales/PAX (€) | 17.5 | 17.2 | + 1.9% |
Augustin de Romanet, Chairman and Chief Executive Officer of Aéroports de Paris, said:
"Revenue over the first 9 months of 2014 reflects the resilience of fundamentals of overall activities of the Group. Passenger traffic, which grew on a trend higher than 4% until mid-September, has been impacted by the pilots' strike, but came back at this level in October. Revenue increased by 0.8% and by 1.3% excluding the impact of the strike. Taking into account these events, based on a 2014 traffic assumption refined at +2.7% excluding snowfall and other exceptional events,we confirm 2014 forecasts for EBITDA (higher than €1,100 million) and for the net result (a marked rebound compared to 2013).
A conference call will be held today at 9:00, CET
- From France: + 33 1 70 77 09 46
- From other countries: + 44 203 367 945
http://hugin.info/145257/R/1870888/658063.pdf
Aéroports de Paris: 9M 2014 consolidated revenue - Financial release:
http://hugin.info/145257/R/1870888/658061.pdf
Aéroports de Paris: 9M 2014 consolidated revenue - Presentation:
http://hugin.info/145257/R/1870888/658059.pdf
Aéroports de Paris: Consolidated P&L:
http://hugin.info/145257/R/1870888/658065.xlsx
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aéroports de Paris via Globenewswire