Commercial revenue boosts AdP results
The French airport authority registered an increase of 12.9% in commercial revenue in the first quarter of 2008
Airport authority Aéroports de Paris (AdP) has announced a 12.6% increase in revenue to €580.4m ($909m) in the first quarter of 2008. Commercial revenues from retail and food and beverage outlets rose 12.9% to €55.9m ($87.5m), with airside shops enjoying revenue growth of 14.8% on the back of increased passenger traffic and growth in business.
Société de Distribution Aéroportuaire (SDA), the joint venture owned by AdP and travel retailer Aelia which operates shops at Paris Charles de Gaulle (CdG) airport terminals 2F, 2B and 2C, registered a growth of 17% in revenue to €40.9m ($64m). AdP’s programme to extend retail areas also made for positive results, with La Galerie Parisienne shops at Paris CdG T2F and retail areas in the recently renovated terminals performing well. Rental revenues rose 14.9% to €21.7m ($34m) from the leasing of new retail areas at the airport.
AdP chairman and CEO Pierre Graff said: “The strong revenue growth in the first quarter of 2008 illustrates the solidity of the company’s business model. Airport services enjoyed vigorous growth, driven by growth in international traffic and by good retailing performances. Our subsidiaries, in their overseas operations, airport retailing and telecoms maintained their robust growth.”
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