Aéroports de Paris' 2014 first half results: improvement of EBITDA (+8.4%) and Operating Income from Ordinary Activities (+19.9%) due to decrease in OPEX and growing contribution of associates

2014 first half results of Aéroports de Paris Group:

Good dynamics for traffic in Paris (+4.2%) and for the Group (+7.1%)Stable revenue impacted by the decrease in de-icing revenue and the mothballing of the cogeneration plantEBITDA increased strongly (+8.4% at €528 million): decreased in operating costs (-1.8%) due the absence of snowfall and continued cost saving planOperating income from ordinary activities increased by 19.9% at €343 million: decreased in depreciation and amortisation (-1.1%) and growth in the share of profit of associates from operating activities (that doubled)Net result attributable to the Group in marked rebound (45.7% at €182 million): improvement in financial result and tax rate stability

Update of Aéroports de Paris group 2014 forecasts:

Traffic : assumption of growth of between 2.7% and 3.2% compared to 2013Consolidated EBITDA higher than €1,100 million In million of euros (unless stated otherwise) H1 2014H1 2013Change 2014 / 2013   Revenue 1,347  1,346  +0.1%    EBITDA528  487  +8.4%     Operating income from ordinary activities (including operating activities of associates) 343  286  +19.9%     Net financial income/expense (59) (67) -12.3%     Income taxes (99) (92) +8.1%    Net income attributable to the Group182  125  +45.7%     Group traffic (in million of passengers)65  60  +7.1%     Paris Airports (CDG + ORY) 45  43  +4.2%     TAV Airports @ 38% 17  15  +13.5%     Sales per pax (€)*17.7  17.6  +0.7%    

Calendar:

Today at 11:00 am Paris time: analysts meeting (broadcast and presentation available at http ://www.aeroportsdeparis.fr/ADP/en-GB/Group/Finance/)14 August 2014: July 2014 traffic figures 13 November 2014: Q3 2014 revenue

 Attached files:

Presentation: ADP 2014 Half Year Results
ADP Consolidated P&L
Financial Release: ADP 2014 Half Year Result
Communiqué financier : résultats semestriels 2014 ADP
Présentation : résultats semestriels 2014 ADP


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Source: Aéroports de Paris via Globenewswire
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