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

Aéroports de Paris : Chiffre d'affaires consolidé 9 mois 2014 - CP:
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



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Source: Aéroports de Paris via Globenewswire

HUG#1870888