Report
Yan Derocles

Aéroports de Paris : Pertes significatives au S1 2020, aggravées par des dépréciations

>EBITDA légèrement supérieur au consensus, déception sur EBIT et RN - Après avoir publié un trafic groupe en baisse de 94.1% au T2, le chiffre d’affaires d’ADP affiche une baisse de 80.5% à 256 M€ en ligne avec les attentes du consensus (-80% à 257 M€), i.e. -46.5% pour le S1. Sans surprises, les activités aéronautiques (-78.8%), les activités commerciales (-85%) et les activités internationales (-84.3%) sont pénalisées par la baisse du trafic alors que l’immobilier ...
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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