(Reuters) – ADP reported on Tuesday a better-than-expected half-year operating profit, driven by the activity of TAV Airports, the group’s Turkish operator, and by traffic growth, particularly internationally.
ADP, which operates Orly and Roissy-Charles-De-Gaulle airports, reported earnings before interest, taxes, depreciation and amortization (EBITDA) of €943 million for the period from January to June, while analysts had expected €907 million, according to a consensus compiled by the group.
ADP welcomed 170 million passengers over the half-year across its entire network of airports, including 49.1 million in Paris. Traffic growth came to 9.7% across the group and 4.4% in the airports of the French capital, the group said.
“This summer, seasonal tourism in Paris, expected to be slightly lower than last year, should be offset by attendance linked to the Olympic and Paralympic Games,” said Augustin de Romanet, interim chairman and CEO of ADP, in a statement.
ADP also confirmed its financial objectives for 2024-2025.
(Written by Diana Mandiá, edited by Kate Entringer)
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