|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||82.75 - 87.45|
|52 Week Range||70.70 - 183.10|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||13.93|
|Earnings Date||Feb 10, 2020|
|Forward Dividend & Yield||6.00 (6.86%)|
|Ex-Dividend Date||Jun 08, 2020|
|1y Target Est||184.89|
Today is shaping up negative for Groupe ADP (EPA:ADP) shareholders, with the analysts delivering a substantial...
The Board of Directors of Aéroports de Paris has called the Combined General Meeting of the Shareholders on 12 May 2020, at 3:00 pm (CET). It will be held at the headquarters of the company (at 1, rue de France, 93290 – Tremblay en France) and will be webcasted live and in its entirety on the website https://www.groupeadp.fr. Given the risks linked to the Covid-19 outbreak, it is requested from the shareholders to favor remote voting means available to you (by mail or by internet, by voting instructions).
FINANCIAL RELEASE 26 March 2020 Aéroports de Paris SA€2.5 billion new bond issue On 26 March 2020, Aéroports de Paris launched a two-part bond issue for a total amount of.
(Bloomberg Opinion) -- Atlanta’s Hartsfield-Jackson International, the world’s busiest airport, has turned a runway into a parking lot for grounded aircraft; about 80% of Frankfurt airport workers have had their working hours cut and many now won’t go to work at all; Manchester has closed two of its three terminals and short-hop specialist London City Airport is suspending all flights until the end of April. Orly airport near Paris is also closing temporarily. The sudden collapse of air travel triggered by travel restrictions and customer fears of coronavirus is having a severe impact on airport cash flows. The fees they get from airlines have been cut to the bone, as have commercial revenues from services like car-parking. If retail concessions or car rental agents go bust, another source of income could be wiped out. European airport operators estimate that they face a 14 billion euro ($15 billion) hit to revenues.Like their airline customers, the world’s airports are calling on governments for financial assistance. Some help is justified — not least because airports play a vital role in transporting essential medical supplies. But for privatized airports, like those in the U.K., it could be more difficult to convince authorities that help is merited. International investors who’ve funded a massive expansion of global airport capacity in recent years may have to make sacrifices too. Where airports remain in public hands, as in the U.S., bailouts aren’t so controversial: airports are due to get a $10 billion handout as part of the government’s $2 trillion rescue plan. Without it, they worry they won’t be able to service a combined $100 billion debt load. A default would push up borrowing costs across the sector. The main Paris and Frankfurt airports, though part of listed groups, also have public anchor shareholders, which guarantees them a sympathetic ear should the need arise. French president Emmanuel Macron has wanted to sell down the state’s 50% shareholding in Aeroports de Paris but hasn’t made much progress.But in the U.K., taxpayer help for airports is more sensitive because much of the infrastructure is owned by international investors who’ve piled on debt and reaped large profits.Heathrow’s co-owners, which include Qatar Holding, the Government of Singapore Investment Corporation and China Investment Corporation, have lately collected about 500 million pounds ($592 million) annually in dividends. London Gatwick’s owner Global Infrastructure Partners pocketed a 640 million pound dividend before selling a majority stake to French infrastructure group Vinci SA for 2.9 billion pounds last year. GIP also sold the much smaller London City Airport to a Canadian-led consortium in 2016 for 2 billion pounds. Willie Walsh, the boss of British Airways owner International Consolidated Airlines Group SA, described the sky high price as “foolish”. After its temporary closure this week, Walsh probably wouldn’t revise his opinion. It’s no wonder the new U.K. finance minister Rishi Sunak is playing hardball. Writing to airlines and airports this week, Sunak told them to first try to raise money from shareholders or to seek flexibility from lenders before asking the public for help. Because of favorable regulation and the asset-heavy nature of the business, airports have been thought capable of supporting higher than average debt loads. Heathrow has 12.4 billion pounds of net debt, or 6.5 times ebitda (an imperfect measure of cash earnings).But it’s still a risky business. The danger that a global pandemic could sap future demand for air travel is clearly spelled out in airport loan documents. The financial health of airports is also intertwined with the airlines that use them most. British Airways contributes more than 40% of Heathrow’s airline-related income, while Lufthansa provides Frankfurt airport with about 60% of its passengers. Both are now grounding the bulk of their fleets.For now, U.K. airports have stopped short of asking for government cash or loans. Some are better placed to cope than others. Heathrow says it has 3.3 billion pounds in liquidity, sufficient for at least a year of cash needs. In contrast, Gatwick held only about 15 million pounds of cash, plus a 300-million-pound undrawn loan facility, according to the most recent accounts. But its new majority owner Vinci has 14.5 billion pounds of cash and undrawn credit facilities. Instead, U.K airports are calling for a reduction in regulatory and policing costs, relief from business taxes and that lenders be required to not enforce loan covenants temporarily. European peers are saying all aviation taxes should be suspended until the end of the year.This is controversial stuff. Until a few weeks ago, politicians in Europe were leaning toward making air travel more expensive to discourage planet-heating carbon emissions. Still, there are decent arguments for why airports, even those in the U.K., should be cut some slack. In recent weeks their workers have braved crowded terminals to get passengers home, risking contracting the coronavirus themselves. And when the virus is defeated, we’ll need airports around the world to help kick-start an export recovery. After warning that its financial performance would be “significantly impacted,” Heathrow has announced a variety of steps to cut costs, including cancelling executive pay and delaying investments. But unlike Frankfurt airport operator Fraport AG, which is scrapping shareholder payouts, Heathrow has been oddly reticent about dividends. A clear statement that these payouts will now end might make Sunak more sympathetic to the industry’s plight. This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Aéroports de Paris takes note of today's decision by the rating agency Standard and Poor's to revise the long term credit rating of the company, due to the traffic decrease linked to the Covid-19 epidemic. This rating is now A, with a negative outlook, while it has been A+ with a negative outlook since 27 February 2020. One of the company's credit strengths in the current environment is its liquidity position.
The 2019 Aéroports de Paris Universal Registration Document was filed with the Autorité des Marchés Financiers (AMF) on 23 March 2020. The document may be viewed and downloaded from the Group website (http://www.parisaeroport.fr/en/group/finance/amf-information, French text) and the AMF website (www.amf-france.org). To date, 2020 traffic assumptions1 of Groupe ADP are not relevant anymore.
Unfortunately for some shareholders, the Groupe ADP (EPA:ADP) share price has dived 43% in the last thirty days. That...
As foreshadowed in the press release published on this day regarding February 2020 traffic, Groupe ADP traffic1 is, since the beginning of this leap year, stable with a total of 31.9 million of passengers on the first two months of the year (compared to the first two months of 2019). Paris Aéroport traffic is for its part up by 0.8% on this period with a total of 15.2 million passengers. At the end of February, the impact of the CoVid 19 outbreak on traffic thus remained limited but was amplifying in Paris and on certain platforms abroad.
PRESS RELEASEMarch 16th, 2020 Aéroports de Paris SAFebruary 2020 traffic figures In February 2020, Groupe ADP total traffic(1) is down very slightly.
6 March 2020 Aéroports de Paris SAInformation regarding the voting rights and shares as of 29 February 2020Statement according to Article L. 233-8-II of the French.
Groupe ADP takes note of the opinion on the Weighted Average Cost of Capital (WACC) published by the Transports Regulation Authority (Autorité de Régulation des Transports – ART) on 27 February 2020 as part of the preparation of the upcoming Economic Regulation Agreement (ERA) for the 2021-2025 period. This opinion holds a WACC range for the regulated scope between 2% and 4.1%, below the WACC assumption of 5.6% figuring in the ERA's public consultation document, published on 2 April 2019.
PRESS RELEASE 26 February 2020 Aéroports de Paris SAGroupe ADP performs the first step to acquire a 49% stake in GMR Airports, Indian airport operator Groupe ADP.
PRESS RELEASE 20 February 2020 Aéroports de Paris SAWith the acquisition of 49% of the Indian group GMR Airports, Groupe ADP creates the leading global network of.
Stock pickers are generally looking for stocks that will outperform the broader market. Buying under-rated businesses...
PRESS RELEASE13 February 2020 Aéroports de Paris SAJanuary 2020 traffic figures In January 2020, Paris Aéroport's traffic increases by 1.2% compared to January 2019,.
Financial release10 February 2020 Aéroports de Paris SAGood performance of all the activities, stability of the dividend and preparation of the future growth Groupe.
6 February 2020 Aéroports de Paris SA Information regarding the voting rights and shares as of 31 January 2020Statement according to Article L. 233-8-II of the French.
Communiqué financier Tremblay-en-France, le 8 janvier 2020 Aéroports de Paris SA Bilan semestriel du contrat de liquidité de la société Aéroports de Paris.
7 January 2020 Aéroports de Paris SA Information regarding the voting rights and shares as of 31 December 2019Statement according to Article L. 233-8-II of the French.
TAV Airports received an official notification letter with the amount of the compensation for the loss of profit for the early closure of Istanbul Atatürk airport, from the Turkish National Airports Authority ("DHMI"). TAV Istanbul had the right to operate, in application of a contract of lease signed with the National Airports Authority (“DHMI”), the national and international airport of Atatürk, the car park and the general aviation terminal for 15 and a half years, from 03/07/2005 at 00:01 to 02/01/2021 at 24:00 hours.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...