Aéroports de Paris
Solid revenue growth in full-year 2006
Aéroports de Paris
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Solid revenue growth in full-year 2006: +8.1%
Passenger traffic rises 4.8% in 2006
Revenue growth surpasses passenger traffic growth
Strong increase in full-year sales to €2,076.8 million
Revenues 2006 2005 % change
(thousands of euros)
Airport services 1,726,361 1,600,606 + 7.9%
Airport fees 667,062 621,527 + 7.3%
Specialized services 103,662 95,380 + 8.7%
Commercial revenues 210,806 196,907 + 7.1%
Car parks and access fees 143,847 134,766 + 6.7%
Industrial services 68,757 60,621 + 13.4%
Airport taxes 356,322 308,773 + 15.4%
Rental revenue 70,379 61,666 + 14.1%
Other revenue 105,526 120,966 - 12.8%
Ground handling & other services 177,149 167,851 + 5.5%
Real estate 175,654 168,340 + 4.3%
Other activities 226,339 199,846 + 13.3%
Intersegment eliminations (228,668) (215,847) + 5.9%
Consolidated revenues 2,076,835 1,920,796 + 8.1%
Pierre Graff, Chairman and CEO of Aéroports de Paris, commented on these figures:
"The solid revenue growth in full-year 2006 reflects the attractiveness of our airports and
the Group's efforts to create value from passenger traffic growth. This is illustrated by the
growing contribution of commercial activities, bolstered by traffic growth, expansion of
product offer and the strong performance of our subsidiary Société de Distribution
Aéroportuaire (SDA)"
www.aeroportsdeparis.fr
Press contact: Jérôme Dutrieux - 33 1 43 35 70 70 - Analysts / Investors Relations: Benoît Trochu- 33 6 27 26 49 11
Aéroports de Paris builds, develops and manages airports including Paris-Orly, Paris-Charles de Gaulle and Paris-Le Bourget. Aéroports de
Paris is the 2nd European airport group in terms of airport turnover and the 1st European airport group in terms of cargo and mail. Aéroports de
Paris accommodates nearly 460 airlines, mainly the major actors of air transport.
Benefiting from an exceptional geographical location and a major trading area, the group's strategy is to modernize its terminal facilities and to
upgrade its quality of service. It also intends to develop its retail and real estate business. In 2006, Aéroports de Paris Group had a turnover of
2,076 million euros, and it handled 82,5 million passengers.
With passenger traffic up 4.8%, Aéroports de Paris leads Europe's main airports
Once again, Aéroports de Paris handled a record number of passengers in 2006, up 4.8%
to 82.5 million. Passenger traffic rose 5.7% to 56.8 million passengers at the Paris-
Charles de Gaulle airport and 3.1% to 25.6 million passengers at the Paris-Orly airport.
For the third consecutive year, Aéroports de Paris ranked number one in traffic growth
among the main European airports.
Buoyant traffic with Europe, up 8.3%, was the main growth engine. Strong traffic growth
with Germany (+16%), Italy (+10.3%) and Spain (+13.8%) together accounted for 46% of
total growth at Aéroports de Paris. This excellent performance reflects the growing
importance of low-cost carriers, which accounted for 62% of the increase in traffic to these
three destinations. The robust performance with Spain and Italy also reflects buoyant
connecting passenger traffic and the rebound in tourists from these two countries to
France. Passenger traffic with the 10 new European Union members rose 8.6%, while
traffic with Great Britain and Ireland increased 3.1%. Domestic traffic increased slightly, up
0.9%.
Traffic on the other international routes increased 3.9%. Growth was particularly strong to
and from Africa and the Asia-Pacific region, up 7.3% and 6.9%, respectively. Over a
million passengers used the Group's airports to travel between Paris and China. Traffic
rose 4.2% with both South America and the Middle East, despite the conflict in Lebanon.
North American traffic rose a slight 0.8%, due to the weak dollar against the euro.
Business jet traffic rose strongly, up 9.7% to 64,696 aircraft movements.
The number of aircraft movements increased 3.5% to 762,332, with increases of 3.8%
and 2.9%, respectively, at Paris-CDG and Paris-Orly. These figures reflect the
improvement in the passenger load factor (66.1% in 2006 vs 65.7% in 2005) and capacity
(114 passengers per flight in 2006 vs 113 in 2005).
Aéroports de Paris also confirms that it is the leader among European airports for cargo
and mail. Cargo shipments rose 5.8% to 2.24 million tons, including a 6% increase to 2.13
million tons at Paris-CDG.
www.aeroportsdeparis.fr
Press contact: Jérôme Dutrieux - 33 1 43 35 70 70 - Analysts / Investors Relations: Benoît Trochu- 33 6 27 26 49 11
Aéroports de Paris builds, develops and manages airports including Paris-Orly, Paris-Charles de Gaulle and Paris-Le Bourget. Aéroports de
Paris is the 2nd European airport group in terms of airport turnover and the 1st European airport group in terms of cargo and mail. Aéroports de
Paris accommodates nearly 460 airlines, mainly the major actors of air transport.
Benefiting from an exceptional geographical location and a major trading area, the group's strategy is to modernize its terminal facilities and to
upgrade its quality of service. It also intends to develop its retail and real estate business. In 2006, Aéroports de Paris Group had a turnover of
2,076 million euros, and it handled 82,5 million passengers.
Strong growth in airport services: +7.9%
In 2006, revenue from airport services rose 7.9% to €1,726.4 million.
Airport fee revenues increased 7.3% to €667.1 million, thanks to a 4.8% increase in
passenger traffic and a 5% rate hike on 15 May 2006.
Revenue from specialized services (baggage handling, check-in counters, de-icing, etc.)
increased 8.7% to €103.7 million. Baggage handling revenues rose due to the start-up of
new baggage sorting modules at Paris-CDG2 Terminal 2, while revenues from check-in
counters increased after new units were opened in Paris-CDG terminal 2E and Orly
Ouest.
Commercial revenues rose 7.1% to €210.8 million, thanks mainly to dynamic advertising
revenues and the expansion of product offer in terminals, notably at the Paris-CDG2 and
Orly Sud terminals, lifted by strong passenger traffic growth on international routes.
Tighter security measures generated a shortfall of €1.9 million in the last two quarters of
2006.
Car park revenue rose 6.7% to €143.8 million, mainly due to the increase in hourly
parking rates (+7% at CDG and 4% at Orly) and the increase in subscribers.
Revenue from industrial services (such as power and water supply) increased 13.4% to
€68.8 million after the sharp increase in energy procurement prices was carried over to
sales prices.
Rental revenue from leasing land and space in air terminals rose 14.1% to €70.4 million
thanks to the opening of new surface areas in CDG terminal 2E and 2F (Air France,
Eliance) and the new Air France lounge in the "air hotel" satellite.
Airport tax revenue, which covers the cost of security-related activities, increased 15.4%
to €356.3 million due to the combined impact of passenger traffic growth and the increase
in the tax rate (€8.5 per departing passenger in 2006 from €7.95 in 2005).
Other revenues declined 12.8% to €105.5 million, mainly due to the reduction in
supplementary budget payments by the French Civil Aviation department and the transfer
of ADP's air traffic control assets following a change in the scope of consolidation.
www.aeroportsdeparis.fr
Press contact: Jérôme Dutrieux - 33 1 43 35 70 70 - Analysts / Investors Relations: Benoît Trochu- 33 6 27 26 49 11
Aéroports de Paris builds, develops and manages airports including Paris-Orly, Paris-Charles de Gaulle and Paris-Le Bourget. Aéroports de
Paris is the 2nd European airport group in terms of airport turnover and the 1st European airport group in terms of cargo and mail. Aéroports de
Paris accommodates nearly 460 airlines, mainly the major actors of air transport.
Benefiting from an exceptional geographical location and a major trading area, the group's strategy is to modernize its terminal facilities and to
upgrade its quality of service. It also intends to develop its retail and real estate business. In 2006, Aéroports de Paris Group had a turnover of
2,076 million euros, and it handled 82,5 million passengers.
Ground handling and related services: a tough year
In 2006, revenue from ground handling and related services rose 5.5% to €177.1 million,
reflecting two contrasting trends:
- Revenue strictly from ground handling services was down 2% or €2.6 million, since
the loss of major contracts mainly at the end of 2005 was not offset by new
contracts in the second half of 2006.
- Revenue from security and other services rose 30% or by €11.9 million thanks to
new business, after the subsidiary Alyzia Sûreté took over the passengerscreening
contract at Orly Sud, which was previously outsourced.
Higher real-estate revenues (excluding terminals)
In 2006, real estate revenues rose 4.3% to €175.6 million.
The increase in external revenues mainly reflects the leasing of new areas for real-estate
developments, including the new Air France-KLM flight crew complex at Paris-CDG, La
Poste at Paris-Orly and the West maintenance base. Changes in the scope of
consolidation also affected sales. Rental revenues were smaller due to the transfer of €1.6
million in revenues from land leased to car rental agencies to the Airport Services
segment, and to the loss of sales due to the disposal of public service buildings for €2
million.
Internal disposals were up 10%, mainly due to the regularization of rent.
Real estate revenues now include interest income reported on lease financing contracts
under IAS 17, which were previously treated as financial income. The figures for 2005
were also adjusted to ensure comparability. The full-year impact of the accounting change
is €6.6 million in 2006 and €6.2 million in 2005.
www.aeroportsdeparis.fr
Press contact: Jérôme Dutrieux - 33 1 43 35 70 70 - Analysts / Investors Relations: Benoît Tro
Release Date:04/20/2007
Industries:Airlines
Category:Stock News
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