FINANCIAL RELEASE AS OF 30 SEPTEMBER 2020[1]
Consolidated revenue of Groupe ADP
- Groupe ADP's traffic [2] : group's traffic over the first 9 months of 2020 is down by 61.8% at 72.3 million passengers compared to the same period in 2019 (excluding traffic at Istanbul Atatürk and GMR Airports' traffic in 2019)
- Paris Aéroport traffic: (Paris-Charles de Gaulle and Paris-Orly): -66.3% at 27.8 million passengers over the first 9 months of 2020 compared to the same period in 2019
- Consolidated revenue down by 52.7% [3] at €1,669 million over the first 9 months of 2020 compared to same period in 2019 due to the impact of crisis linked to the CoVid-19 pandemic on traffic
Groupe ADP revenue by segment for the 9 first months of 2020 compared to the 9 first months of 2019
| (in millions of euro – unless otherwise stated) | 9M 2020 (1) | 9M 2019 (1) | 2020/2019 |
| Revenue | 1,669 | 3,526 | -52.7% |
| Aviation | 686 | 1,465 | -53.2% |
| Retail and services | 509 | 1,070 | -52.4% |
| of which Société de Distribution Aéroportuaire | 176 | 411 | -57.1% |
| of which Relay@ADP | 17 | 55 | -68.5% |
| Real estate | 213 | 211 | +1.1% |
| International and airport developments | 334 | 838 | -60.1% |
| of which TAV Airports | 227 | 582 | -60.9% |
| of which AIG | 60 | 194 | -68.9% |
| Other activities | 101 | 123 | -18.1% |
| Inter-sector eliminations | - 174 | - 182 | -4.2% |
Augustin de Romanet, Chairman and CEO of Aéroports de Paris SA - Groupe ADP, stated :
"Over the first 9 months of 2020, the group's traffic fell by 61.8%, with a total of 72.3 million passengers, and that of Paris Aéroport by 66.3%, with 27.8 million passengers. The crisis linked to the CoVid-19 epidemic continues to affect the aviation sector and weight on the resumption of the traffic. The resurgence of the epidemic in France and in Europe has led us to revise our traffic assumptions for Paris Aéroport in 2020 downwards from -63% to a range of -65% to -70% compared to 2019. Our guidance for the consolidated revenue for the year 2020 is therefore situated in a range of - 2.3 to - 2.6 billion euros compared to 2019. Groupe ADP continues to implement its operational and financial optimization plan with an accentuated objective of reducing operating expenses for the year 2020 in a range of €650m to €700m in total compared to €550m previously, by seeking in particular an adaptation of the opening of infrastructures taking into account the level and the nature of the traffic. Groupe ADP keeps a solid cash position ensuring a sufficient level of liquidity. In a very disturbed context, marked by the continuation of health uncertainties, Groupe ADP remains mobilized to maintain its operational and financial balance, adapt its economic and social model in order to enable the company to return to a profitable and sustainable growth."
[1] This document is voluntarily made by Aéroports de Paris in compliance with the AMF recommendation. See AMF recommandation - Guide de l'information permanente et de la gestion de l'information privilégiée– DOC-2016-08.
[2] Group traffic @100%. Group traffic @100% does not take into account the traffic of Istanbul Atatürk Airport in 2019 and includes the traffic of Delhi International Airport Limited (DIAL), Hyderabad International Airport Limited (GHIAL) and Mactan-Cebu International Airport as of 1 March 2020 (on current and future shareholdings in GMR Airports see press releases of 20 and 26 February, and 7 July 2020). For information, taking into account the traffic of Istanbul Atatürk Airport in 2019, the group's traffic @100% is down by -64.8% over the first 9 month of 2020 compared to the first 9 months of 2019. Excluding the integration of GMR Airports as of 1 March 2020, the decrease in group traffic would be -68.3% over the first 9 month of 2020 compared to the first 9 months of 2019.
[3] Unless otherwise stated, percentages are comparing the first 9 months of 2020 data to 2019 comparable data.
[2] Group traffic @100%. Group traffic @100% does not take into account the traffic of Istanbul Atatürk Airport in 2019 and includes the traffic of Delhi International Airport Limited (DIAL), Hyderabad International Airport Limited (GHIAL) and Mactan-Cebu International Airport as of 1 March 2020 (on current and future shareholdings in GMR Airports see press releases of 20 and 26 February, and 7 July 2020). For information, taking into account the traffic of Istanbul Atatürk Airport in 2019, the group's traffic @100% is down by -64.8% over the first 9 month of 2020 compared to the first 9 months of 2019. Excluding the integration of GMR Airports as of 1 March 2020, the decrease in group traffic would be -68.3% over the first 9 month of 2020 compared to the first 9 months of 2019.
[3] Unless otherwise stated, percentages are comparing the first 9 months of 2020 data to 2019 comparable data.
