My Account Menu

CAPA Login


Register to trial CAPA Membership!

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

11-Nov-2010

France’s Aeroports de Paris (-0.3%) revenue up 4% - revenue highlights for the three months ended 30-Sep-2010:

  • 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%;
  • 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

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


Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.