Aeroports de Paris : Feedback from a call with the CFO: recovery confirmed but uncertainties persist
>Traffic: 2021 targets confirmed (though now deemed ambitious) - In the call we organised with Philippe Pascal, ADP’s CFO, he said that, as expected, a recovery in traffic was observed in Paris in June after an 81.5% fall in the first five months of the year. In July and August, the group confirmed that it expects traffic to represent 50% of the level in 2019, and between 45% and 50% in the last 4 months of the year (i.e. 2021 traffic between 35% and 45% of 2019 level...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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