Report
Olfa Taamallah ...
  • Yan Derocles

Aeroports de Paris : The regulatory framework could be clarified in the short term

>2019 guidance tinged with the traditional note of caution - We organised ADP's roadshow in Paris. The 2019 EBITDA target for a decline of 8% to 13%, with +1% to +2% excluding TAV and AIG, includes several opposing factors: i/ traffic growth of between 2% and 2.5% in Paris (Oddo: 3%), which is seen as conservative given the effect of the Air France strike last year (impact of 0.7%) and despite the closure of a runway at Orly for 18 weeks this summer; ii/ article 179 ...
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
Olfa Taamallah

Yan Derocles

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Matthias Desmarais
  • Matthias Desmarais

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