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1-Aug-2014 10:48 AM

Aéroports de Paris EBITDA up 8% in 1H2014, adjusts full year guidance

France's Aéroports de Paris revenue stable - financial highlights for six months ended 30-Jun-2014:

  • Revenue: EUR1347 million, +0.1% year-on-year;
    • Aviation: EUR801 million, +1.3%;
      • Airport fees: EUR457 million, +6.2%;
      • Revenue from airport safety and security services: EUR229 million, -4.3%;
    • Retail and services: EUR466 million, -1.3%;
      • Retail: EUR186 million, +3.0%;
      • Car parks: EUR92 million, +12.3%;
    • Real estate: EUR131 million, -1.7%;
  • EBITDA: EUR528 million, +8.4%;
    • Aviation: EUR174 million, +20.3%;
    • Retail and services: EUR265 million, +1.3%;
    • Real estate: EUR82 million, +5.3%;
  • Net profit: EUR182 million, +45.7%;
  • Total assets: EUR9148 million;
  • Cash and cash equivalents: EUR598 million;
  • Total liabilities: EUR5346 million;
  • 2014 forecast:
    • Traffic growth: +2.7-3.2%, compared to previous guidance of +2.0%;
    • Consolidated EBITDA: Higher than EUR1100 million, compared to previous forecast of "growth higher than traffic growth";
    • Net profit: Maintains "market rebound" guidance. [more - original PR]

Aéroports de Paris: "We remain attentive as to the end of the year, even if our intrinsic performance, especially of our core business, aviation, is improving, and certain signals are encouraging (traffic dynamics, resistance of commercial activities). Based on a traffic growth now estimated at between 2.7% and 3.2% for the year 2014, our 2014 EBITDA should be higher than EUR1,100 million. A marked rebound of the net result attributable to the Group is still expected," Augustin de Romanet, Chairman and CEO. Source: Company statement, 31-Jul-2014.

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