Aeroports de Paris : Messages that underpin our caution: Reduce maintained
>Major caution on the resumption of traffic in Paris - At the conference call which followed the publication of H1 results, ADP’s management confirmed that it does not have enough visibility to provide the market with indications on 2020 EBITDA. The group nevertheless confirmed its caution regarding the resumption of traffic in Paris with a return to 2019 levels between 2024 and 2027 (ODDO BHF: 2025). Whilst the group anticipates a very rapid recovery in domestic traf...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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