Aéroports de Paris: 9M 2014 consolidated revenue up 0.8% and 2014 forecasts confirmed

Consolidated revenue up 0.8 % over the first 9 months of 2014 (+1.3% excluding impact of pilots' strike)  and 2014 forecasts confirmed

Continued good underlying growth in passenger traffic (+2.4%): traffic growth on a trend higher than +4% until mid-September and in OctoberAviation: sustained growth in revenue from airport fees partially offset by the decrease in   de-icing fees over the first half (extraordinarily mild winter) and revenue from airport safety and security servicesRetail and services: growth in retail activities driven by the new retail area in Terminal 2F and the implementation of an action plan in July 2014, (Sales/PAX 9M 2014 +1.9% to €17.5), more than cancelled out by the mothballing of the cogeneration plant

Impact of Air France pilots' strike on Aéroports de Paris Group:

Traffic: 60,000 passengers less per day between 15 and 30 SeptemberRevenue: -€12 million (increase in 9M 2014 revenue of 1.3% excluding impact of the strike)  

2014 forecasts of the Group confirmed:

Assumption of 2014 traffic growth refined at +2.7% excluding snowfall and other exceptional events2014 EBITDA higher than €1,100 million and net result in marked rebound compared to 2013

Group revenue by segment:

In millions of euros (unless stated otherwise) 9M 2014 9M 2013
pro forma2014 / 2013 Aviation 1,251 1,238 + 1.0%   Retail and services 705 708 - 0.4%   Real estate 198 199 - 0.7%   International and airport developments 61 51 + 20.1%   Other activities 148 148 - Inter-segment eliminations (282) (278) + 1.2%   Consolidated revenue2,081 2,066 + 0.8%      Group traffic (in million of passengers)103 97 + 5.7%   Paris airports (CDG + ORY) 70 69 + 2.4%   TAV Airports @ 38% 27 24 + 13.6%       Sales/PAX (€)17.5 17.2+ 1.9%

Augustin de Romanet, Chairman and Chief Executive Officer of Aéroports de Paris, said:

"Revenue over the first 9 months of 2014 reflects the resilience of fundamentals of overall activities of the Group. Passenger traffic, which grew on a trend higher than 4% until mid-September, has been impacted by the pilots' strike, but came back at this level in October. Revenue increased by 0.8% and by 1.3% excluding the impact of the strike. Taking into account these events, based on a 2014 traffic assumption refined at +2.7% excluding snowfall and other exceptional events,we confirm 2014 forecasts for EBITDA (higher than €1,100 million) and for the net result (a marked rebound compared to 2013).

A conference call will be held today at 9:00, CET

From France: + 33 1 70 77 09 46From other countries: + 44 203 367 945
Aéroports de Paris : Chiffre d'affaires consolidé 9 mois 2014 - CP
Aéroports de Paris: 9M 2014 consolidated revenue - Financial release
Aéroports de Paris: 9M 2014 consolidated revenue - Presentation
Aéroports de Paris: Consolidated P&L


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Source: Aéroports de Paris via Globenewswire
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