Aeroports de Paris : Substantial losses in H1, compounded by writedowns
>EBITDA a shade above the consensus, disappointment on EBIT and net profit - After having published a group traffic figure down 94.1% in Q2, ADP’s sales were down by 80.5% to € 256m, in line with the consensus expectations (-80% to € 257m), i.e. -46.5% for H1. Unsurprisingly, aviation activities (-78.8%), commercial activities (-85%) and international activities (-84.3%) were penalised by the fall in traffic, whilst real estate was stable vs Q2 2019.H1 2020 EBITD...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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