Aeroports de Paris : Good performance in revenues offset by pressure on opex both at Paris and International
>Operating results in line; opex pressure to be monitored - ADP reported H1 2023 results in line with our estimates, after both the strong development of the retail spend per pax and the good performance of the aviation division were offset by the higher-than-expected opex. Revenues excl. the International platform were € 32m above our estimates, while EBITDA was € 10m below, i.e. 1%. The International platform posted results slightly below our estimates, as a higher-...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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