- Revenue Performance:
- First Half Revenue: EU2.89 billion, up 13% year-over-year (y/y), beating estimate of EU2.8 billion.
- Aviation Revenue: EU969 million, up 5.4% y/y, slightly below estimate of EU970 million.
- Retail & Services Revenue: EU924 million, up 13% y/y, exceeding estimate of EU896 million.
- International & Airport Developments Revenue: EU883 million, up 25% y/y, surpassing estimate of EU825.7 million.
- Real Estate Revenue: EU174 million, up 4.2% y/y, slightly above estimate of EU173.1 million.
- Other Revenue: EU95 million, up 5.6% y/y, exceeding estimate of EU90 million.
- EBITDA Performance:
- Total EBITDA: EU943 million, up 9.3% y/y, beating estimate of EU921.5 million.
- Aviation EBITDA: EU219 million, down 2.2% y/y, slight beat on estimate of EU215.5 million.
- Retail & Services EBITDA: EU341 million, down 1.2% y/y, missing estimate of EU380.5 million.
- International & Airport Developments EBITDA: EU242 million, up 45% y/y, surpassing estimate of EU224.2 million.
- Real Estate EBITDA: EU119 million, up 9.2% y/y, beating estimate of EU112.8 million.
- Margins and Income:
- EBITDA Margin: 32.7% vs. 33.9% y/y, slightly below estimate of 33.2%.
- Net Income: EU347 million, up 64% y/y, significantly beating estimate of EU221 million.
- Year-End Forecasts:
- Dividend Payout Ratio: Expected to remain at 60%.
- EBITDA Growth: Forecasted to stay above +4% through 2025.
- Net Debt to EBITDA Ratio: Expected to remain between 3.5 to 4 times.
- 2024-2025 Forecasts: All forecasts confirmed.
- Analyst Ratings:
- 7 Buy ratings, 15 Hold ratings, and 1 Sell rating.
A look at Aeroports De Paris Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
When looking at the long-term outlook for Aeroports De Paris, based on the Smartkarma Smart Scores, the company seems to be in a favorable position. With a high growth score of 5 and strong momentum score of 4, Aeroports De Paris is showing promising signs for the future. This indicates that the company is poised for expansion and is gaining traction in the market.
Additionally, Aeroports De Paris scores well in terms of dividends with a score of 4, suggesting that it provides attractive returns to its investors. Although the value and resilience scores are not as high, the overall outlook for Aeroports De Paris appears positive, especially considering its significant role in managing all civil airports in the Paris area and offering various air transport-related and business services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
