Financial release
17 January 2017
Aéroports de Paris SA
Restatement of 2015 financial statements for comparison with 2016
As a reminder, the change of the allocation keys for the regulated assets base, as proposed by ADP in January 2015[1] and confirmed by the Airport Consultative Committee (Commission Consultative Aéroportuaire), has an impact on the following segments' EBITDA and operating income from ordinary activities, including operating activities of associates for Aviation, Retail and services, and Real Estate segments as of 1st January 2016. The 2016 full-year accounts to be published on 22 February 2017 will take into account this change in allocation keys.
In order to facilitate the reading and understanding of the Group's performance in 2016 compared to 2015, restated financial statements for 2015[2] have been prepared and are as follows:
(in millions of euros) | 2015 as published | 2015 restated2 |
Revenue | 2 916 | 2 935[3] |
Aviation | 1 735 | 1 735 |
Retail and services | 917 | 936 |
Real estate | 265 | 265 |
International and airport developments | 96 | 96 |
Other activities | 215 | 215 |
Inter-sector eliminations | (312) | (312) |
Operating expenses | (1 737) | (1 747) |
Other incomes and expenses | 4 | 4 |
EBITDA | 1 184 | 1 191 |
Aviation | 443 | 469 |
Retail and services | 552 | 540 |
Real estate | 170 | 164 |
International and airport developments | (9) | (9) |
Other activities | 27 | 27 |
Amortisation & Depreciation | (456) | (458) |
Share in associates and joint ventures from operating activities after adjustments related to acquisition of holdings | 60 | 58 |
Share of profit or loss of operating associates and joint ventures before adjustments related to acquisition of holdings | 107 | 105 |
Adjustments related to acquisition of holdings in operating associates and joint ventures | (47) | (47) |
Operating income from ordinary activities (including operating activities of associates) | 787 | 791 |
Aviation | 139 | 181 |
Retail and services | 468 | 440 |
Real estate | 115 | 105 |
International and airport developments | 53 | 53 |
Other activities | 12 | 12 |
Operating income (including operating activities of associates) | 787 | 791 |
Financial income | (106) | (106) |
Associates from non-operating activities | 6 | 6 |
Income taxes | (256) | (258) |
Net income of non-controlling interests | (1) | (3) |
Net income attributable to the Group | 430 | 430 |
Investor Relations: Aurélie Cohen, Head of Investor Relations +33 1 74 25 70 64 - invest@adp.fr
Press contact: Elise Hermant, Media and Reputation Department Manager +33 1 43 35 70 70
Groupe ADP builds, develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2015, Groupe ADP handled more than 95 million passengers and 2.2 million metric tonnes of freight and mail at Paris-Charles de Gaulle and Paris-Orly, and more than 55 million passengers at airports abroad through its subsidiary ADP Management. Boasting an exceptional geographic location and a major catchment area, the Group is pursuing its strategy of adapting and modernising its terminal facilities and upgrading quality of services; the Group also intends to develop its retail and real estate businesses.
In 2015, restated Group revenue stood at €2,935 million and net income at €430 million.
Registered office: 291, boulevard Raspail, 75014 PARIS
Aéroports de Paris is a public limited company (Société Anonyme) with share capital of €296,881,806.
Registered in the Paris Trade and Company Register under no. 552 016 628 RCS Paris groupeadp.fr
[1] Please refer to the 2016-2020 ERA Public Consultation Document, available on www.groupeadp.fr
[2] Including global integration of Media@ADP, formely accounted for as share of profit of associates from operating activities associates
[3] 2015 revenue is presented according to applicable regulation rules for 2015
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