ADP’s results were above market expectations, mainly because of a one-off event relating to the punctual gains related to the return to full ownership of some buildings on the Parisian platforms. EBIT and net income benefited from a weak comparison base but, since the traffic development has been weak up to now and the visibility of traffic growth remains low, management has lowered its guidance. Traffic at Paris airports in FY21 could now be around 30-40% of the 2019 level.
30 Jul 2021
H1 21: guidance update on the back of weak passenger traffic
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H1 21: guidance update on the back of weak passenger traffic
- Published:
30 Jul 2021 -
Author:
Sejal Varshney -
Pages:
3
ADP’s results were above market expectations, mainly because of a one-off event relating to the punctual gains related to the return to full ownership of some buildings on the Parisian platforms. EBIT and net income benefited from a weak comparison base but, since the traffic development has been weak up to now and the visibility of traffic growth remains low, management has lowered its guidance. Traffic at Paris airports in FY21 could now be around 30-40% of the 2019 level.