FRANCE. Retail dynamism and the growth of aviation activities helped overall consolidated revenue for Groupe ADP increase +17.3% year-on-year to €4,700 million (US$5,129 million) in 2019.
Groupe ADP said that revenue per passenger at airside shops in its Parisian airports rose +7.3% compared to 2018 at €19.70 (US$21.50). The airport operator said this was aided by a very good performance in luxury and 72 new openings during the calendar year, including the new Terminal 2E Hall L and a Louis Vuitton shop in Terminal 2AC.
Overall retail & services revenue for the Group reached €1,505 million (US$1,643 million). Rent received from airside and landside shops, bars and restaurants, banking and foreign exchange activities, and car rental companies, as well as revenue from advertising, was €970 million (US$1,059 million).
These figures were not comparable to 2018, the Group said, because of the full consolidation of Société de Distribution Aéroportuaire and Relay@ADP in April 2019.
Revenue from Société de Distribution Aéroportuaire was €628 million (US$685 million) while Relay@ADP revenue reached €78 million (US$85 Million).
Groupe ADP, which is an asset holder in several airports around the world as well as the operator of the two busiest airports in Paris, reported positive results overall.
As well as an increase in overall revenue, EBITDA was up +5.5% year-on-year at €1,772 million (US$1,934 million).
Group passenger traffic for the year declined -16.7% for the year at 234.5 million passengers primarily because of the closure of Istanbul Atatürk Airport in April. Excluding Atatürk, group traffic was up +2.3% at 218.4 million.
The airports in Paris also continued their historic improvement in departing passenger satisfaction level as the ASQ rating increased to a record 3.85.
Aéroports de Paris SA – Groupe ADP Chairman & CEO Augustin de Romanet said: “2019 has been impacted by the early closure of Atatürk Airport in Turkey in early April. Groupe ADP welcomes that the Turkish government kept its commitments by compensating the loss of profit due to the early termination of this concession.
“Total Groupe ADP traffic stood at 234.5 million passengers for 2019, down by -16.7% compared to 2018. Nevertheless, excluding Atatürk Airport traffic between January and early April 2019, Group traffic grew by +2.3% compared to 2018.
“In 2019, the revenue grew by more than +17%, at €4,700 million and the EBITDA by +5.5% at €1,772 million due to a good performance of all the activities and control over expenses. The net result attributable to the Group is €588 million, in slight decrease. It will be proposed a dividend of 3.70 euros per share, stable compared to 2018, at the next General Meeting.”
In its outlook for 2020, Groupe ADP said it anticipated 62 shop openings this calendar year. The Group added it was anticipating EDITBDA to increase +3.5-5.5% in 2020 and for the Parisian airports to see traffic grow +2-2.5%.
