Aéroports de Paris income rises as Aelia partnership expands

Stefanie Ives

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Aéroports de Paris has posted a net income rise of 19.6% for 2006 after strong growth through Société de Distribution Aéroportuaire, its joint venture with Aelia

Aéroports de Paris (AdP) has announced that income reached €200.6m ($263.9m) in 2006, which represents year-on-year growth of 19.6% from €167.7m ($220.7m). Over the same period revenue rose by 8.1% to €2.08m ($2.73m), EBITDA increased by 11% to €664.7m ($874.6m) and passenger traffic by 4.8%.

The joint venture between Aelia and AdP, Société de Distribution Aéroportuaire (SDA) reported that group revenues rose by 24% to €99.8m ($131.3m) due to the increase in passenger traffic and the expansion of its activity to the Paris Charles de Gaulle (CdG) terminal one.

AdP is targeting passenger traffic growth of between 3.7% and 4.2% and growth in revenue and EBITDA that exceeds traffic growth in 2007. This is based on a 4.3% increase in airport fees in addition to SDA’s expansion to Paris Orly airport and Paris CdG T3.

AdP CEO and chairman Pierre Graff said: “2006 marks the success of the strategy we outlined at the time of the Group's initial public offering. Thanks to the efforts of all our employees, Aéroports de Paris successfully managed to attract 82.5m passengers and to create value from this traffic growth.”