Aeroports de Paris

Aeroports de Paris is the airport authority that owns and manages the fourteen civil airports and airfields in the Ile-de-France (Paris) area. Co. owns and operates the three main airports of the Ile de France region (Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget), 10 general aviation airfields and the Issy-les-Moulineaux heliport. In the three main airports, Co. provides facilities to accommodate passengers, airlines and cargo and postal services, and offers a range of services. Co.'s activities are divided into five business segments: Aviation, Retail and Services, Real Estate, Airport Investments and Other Activities.
  • TickerADP
  • ISINFR0010340141
  • ExchangeEuronext Paris
  • SectorIndustrial Transportation
  • CountryFrance

Aeroports De Paris: 1 director sold

A director at Aeroports De Paris sold 250 shares at 77.728EUR and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boar...

Valérie GASTALDY

Analyse court terme - ADP : La tendance est incertaine.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 214,00 €.

Valérie GASTALDY

Short term view - ADP : The trend is uncertain.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €214.00.

Valérie GASTALDY

Short term view - ADP : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €171.90.

Valérie GASTALDY

Analyse court terme - ADP : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 171,90 €.

Valérie GASTALDY

Analyse moyen terme - ADP : La correction gagne en vigueur.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 171,92 €.

Aeroports De Paris: 1 director sold

A director at Aeroports De Paris sold 250 shares at 77.728EUR and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boar...

Virginie Rousseau ...
  • Yan Derocles

Aeroports de Paris : Recovery, regulations: so many areas of uncertainty

>Q1 2020 not as bad as expected but the worst is still to come - ADP yesterday evening reported Q1 2020 revenues a shade above expectations (-15.1% excluding scope effects). The contraction has nonetheless become more pronounced since the end of the quarter, with a 98% drop in traffic between 1 and 14 April. While the group has not provided any guidance for FY 2020, it indicates that it expects a gradual recovery from June onwards and mentions a scenario of a drop in...

Virginie Rousseau ...
  • Yan Derocles

Aéroports de Paris : Reprise, régulation : que d’incertitudes…

>T1 2020 moins mauvais qu’attendu mais le pire est à venir - ADP a publié hier soir un chiffre d’affaires T1 légèrement supérieur aux attentes (baisse de 15.1% hors effets périmètres). La baisse s’est cependant évidemment nettement accentuée depuis la fin du trimestre avec une baisse du trafic de 98% entre le 1e et le 14 avril. Si le groupe ne donne pas de guidance pour l’exercice 2020, il indique attendre une reprise progressive à partir du mois de juin et évoque un...

Virginie Rousseau ...
  • Yan Derocles

Aéroports de Paris : Chiffre d’affaires T1 supérieur aux attentes, nouveau scénario 2020 très noir

>Chiffre d’affaires en baisse de 15.1% (hors SDA). Forte accélération de la baisse en avril - Après avoir publié un trafic groupe en baisse de 10.1% au T1, ADP a publié un chiffre d’affaire pour en baisse de 5.6% à 911 M€ meilleur que les attentes du consensus (-8.6% à 883 M€). Hors intégration globale de SDA et [email protected], le chiffre d’affaire est en baisse de 15.1%.Le chiffre d’affaire des activités aéronautiques, en baisse de 15% (consensus -20%), est résilient...

Virginie Rousseau ...
  • Yan Derocles

Aeroports de Paris : Q1 revenue higher than expected, very sombre new 2020 scenario

>Revenue down 15.1% (excluding SDA). The decline gathered pace sharply in April - After reporting consolidated traffic down 10.1% in Q1, ADP has reported revenue down 5.6% at € 911m, beating consensus expectations (-8.6% to € 883m). Excluding the full consolidation of SDA and [email protected], revenue was down 15.1%.Revenue from aviation activities, down 15% (consensus -20%), is resilient to the drop in traffic in Parisian airports (-20.9% in Q1 2020) due to the rigidit...

Sven Edelfelt ...
  • Virginie Rousseau

ODDO : COVID-19 crisis: uniform collapse, recovery in dispersed order

While the collapse in our groups' activity is fairly uniform (-70% to -90%), we believe that the pace of recovery will be much faster for motorway concessions and construction than for airports. This is not reflected in share price performances. We are downgrading Fraport to Reduce (target price € 41) and we remain on Reduce for ADP (target price € 100). We prefer Vinci (€ 85) and Eiffage (€ 86). - >Motorway and air transport traffic, construction: almost uniform collapse ...

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

Alain William ...
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Danjou
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/24/2020

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Alain William ...
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Danjou
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 24/04/2020

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Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/23/2020

We estimate that net current cash flow per share for the property companies we cover will be reduced on average by -11.3% in 2020e and -6.0% in 2021e. Retail property companies are likely to be hit the hardest while office and healthcare property groups should prove more resilient. Our Top Picks against this backdrop are Gecina and Colonial in office property, Cofinimmo in healthcare property and Klépierre in retail property. We downgrade Merlin Properties from Buy to Neutral. - ...

Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 23/04/2020

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Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 03/24/2020

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ADP presents increased market risk and shows a lower rating of Slightly Negative

The independent financial analyst theScreener just requalified the risk of ADP (FR), active in the Transportation Services industry. As regards its fundamental valuation, the title receives a new star(s) and now shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and can be qualified as risky. theScreener considers that these elements lead to an overall rating downgrade to Slightly Negative while the title remains exposed to strong pressure. As of the analysis date April 17, 2020, the closing price was EUR 88.40 and its target price was estimated at EUR 77...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Aéroports de Paris – AGM 12 May 2020

ITEM 21: The Company proposes to insert a Preliminary Article to the Articles of Association of the Company before Article 1 in order to clarify its purpose ("Raison d'Être"). While it is appreciable that the company has decided on a Raison d'Être that is specific to its business, it is regrettable that the company has not communicated the process by which it came up with this Raison d'Être or whether stakeholders were involved (and if so, how many participants were involved). However, we have no reason to oppose this resolution. ITEMS 15 and 31: In view of the current health crisis, the comp...

Jehanne Leroy

Aéroports de Paris - Assemblée Générale des actionnaires du 12 mai 2020

La société propose d’insérer un article Préliminaire aux statuts de la société avant l’article 1 afin de préciser sa Raison d'Être. S’il est appréciable que la société ait décidé d’une Raison d’être qui lui est spécifique, on regrettera toutefois qu’elle n’ait pas communiqué le processus l’ayant conduite à rédiger cette Raison d'Être ou encore si des parties prenantes ont été mises à contribution (et si c’est le cas, combien de participants ont été mis à contribution). Cependant, nous n’avons de raison de nous opposer à cette résolution. Nous recommandons donc l’approbation de la résolution 21...

Expert Corporate Governance Service (ECGS)

Aéroports de Paris - AGM 20 May 2019

ITEM 7: As every year, ADP proposes an individual vote on each related-party agreement, which is a good practice we support. This year, no less than 18 resolutions are related-party agreements. Most of them are acceptable. However, the amendment n° 4 of the memorandum of understanding concluded between the Company and SNCF Réseau and the Caisse des Dépôts et Consignations related to the CDG Express project raises concerns. Indeed, although we understand that this CDG Express project is quite important for the strategy of Aéroports de Paris (mainly in its capacity as official partner, for the p...

Jehanne Leroy

Aéroports de Paris- Assemblée générale des actionnaires du 20 mai 2019

La société propose le renouvellement d'Augustin de Romanet (résolution 26) : les performances boursières et environnementales du groupe sont plutôt bonnes depuis que M. de Romanet est PDG. Cependant, en termes de gouvernance, le bilan est négatif puisque non seulement aucun contre-pouvoir n'est en place, mais de surcroit, en 2014, lors de la promulgation de la Loi Florange, M. de Romanet en tant que Président du Conseil aurait dû proposer aux actionnaires de maintenir le droit de vote simple, car, même si la résolution aurait probablement été rejetée du fait du poids de l'Etat au capital, au m...

Aéroports de Paris – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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