FRANCE. Commercial activities, led by a strong performance from retail joint venture Société de Distribution Aéroportuaire (SDA), contributed to a buoyant set of year-end 2006 results at Aéroports de Paris (AdP).
Revenue for the full year was €2,076.8 million, up +8.1%, on passenger traffic growth of +4.8%.
The contribution of SDA, a joint venture with Aelia, to AdP group revenues rose +24% to €99.8 million, thanks to the increase in passenger traffic and the expansion of its activity to the Paris CDG1 terminal.
Commercial revenues were €210.8 million, up +7.1%, thanks mainly to dynamic advertising revenues and the expansion of the product offer, notably at the Paris CDG2 and Orly Sud terminals. Tighter security measures generated a shortfall of €1.9 million in the last two quarters of 2006.
Pierre Graff, Chairman and CEO of AdP, said: “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.”
Record passenger numbers
AdP handled a record number of passengers in 2006, at 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. This 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, said AdP.
Passenger traffic with the 10 new European Union members rose +8.6%, while traffic with the UK 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 one 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.
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