Report
Yan Derocles

Aeroports de Paris : Little in the way of good news to expect from the 2020 results publication

>2020: a year to forget! - We do not believe that the 2020 results that ADP is due to report on Wednesday 17 February (after the close of trade) will be a catalyst for the stock.After a 53% fall in sales over 9M 2020, we are forecasting a 64% contraction in sales over Q4. The final quarter was penalised by the second wave of the pandemic in Europe, with traffic in Paris down 79% (-70.4% over the full year at the lower end of the guidance range of -65% to -70%).§r...
Underlying
Aeroports de Paris SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Yan Derocles

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