Aeroports de Paris revenue up 4%; Fraport downgraded to 'underperform'

• Revenue: EUR717.8 million, +3.9% year-on-year;
• Aviation: 396.6 million, stable;
• Aeronautical fees: EUR226.6 million, +3.9%;
• Ancillary fees: EUR40.3 million, -5.5%;
• Airport security tax: EUR119.0 million, -3.5%;
• Other: EUR10.6 million, -14.1%;
• Retail and services: EUR231.1 million, +11.3%;
• Retail: EUR113.3 million, +16.5%;
• Car parks and access: EUR38.5 million, +7.5%;
• Industrial services: EUR9.1 million, -3.4%;
• Rental revenue: EUR23.2 million, -6.2%;
• Other: EUR47.0 million, +16.3%;
• Real estate: EUR57.8 million, +9.9%;
• Ground handling and related services: EUR54.9 million, +12.5%.

See related CAPA profile: Financial results

Fraport Group (-2.7%) shares lost the most ground on Wednesday (10-Nov-2010). Fraport was also downgraded to "underperform" from "buy" at BofA Merrill Lynch Global Research. On the same day the airport operator reported a passenger traffic increase of 13.9% - traffic highlights in Oct-2010:

• Passenger numbers: 8.5 million, +13.9%;
  • Frankfurt: 5.0 million, +8.5%;
  • Antalya: 2.5 million, +22.7%;
  • Burgas: 31,613, +6.2%;
  • Lima: 967,808, +24.6%;
  • Varna: 49,798, -3.2%;
• Aircraft movements: 70,737, +8.7%;
  • Frankfurt: 42,320, +4.0%;
  • Antalya: 16,514, +20.4%;
  • Burgas: 488, -33.6%;
  • Lima: 10,694, +16.6
  • Varna: 721, +8.7%;

Selected airport operators/investors daily share price movements (% change): 09-Nov-2010

Source: Centre for Asia Pacific Aviation & Yahoo! Finance

Italy's Autogrill (-0.3%) shares decreased slightly on Wednesday while its stock has advanced almost 11% in 2010. The airport operator also reported a revenue increase of 6% - financial highlights for the nine months ended 30-Sep-2010:

• Revenue: EUR4216 million, +6.3% year-on-year;
• Food & beverages: EUR2959 million, +5.2%;
• Travel retail and duty free: EUR1257 million, +9.2%;
• Flight: EUR363.4 million, +20.4%;
• EBIT: EUR247.8 million, +20.0%;
• EBITDA: EUR474.2 million, +6.7%;
• Food & beverages: EUR346.5 million, -0.6%;
• Travel retail and duty free: EUR144.6 million, +26.1%;
• Flight: EUR40.0 million, +14.8%;
• Net profit: EUR116.8 million, +40.9%;
• Capital expenditure: EUR120.9 million, +38.6%;
• Net operating cash flows: EUR391.8 million, +23.8%.

Selected airport supplier's daily share price movements (% change): 09-Nov-2010

Source: Centre for Asia Pacific Aviation & Yahoo! Finance