Passenger numbers reached 280.4 million in 2022, which is 80.9% of pre-pandemic levels. Credit: VOO QQQ on Unsplash

French airport operator Groupe ADP has posted net income attributable to the group of €516m in 2022 following two years of losses triggered by the pandemic.

The group had reported losses of €1.17bn and €248m in 2020 and 2021, respectively.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Passenger numbers reached 280.4 million in 2022, which is 80.9% of pre-pandemic levels while Paris airport traffic was 86.7 million, or 80.2% of 2019 levels.

Revenue surged 69% to €4.69bn aided by traffic recovery, marking a 69% increase from €2.78bn a year ago.

Retail and Services segment revenue, including only Parisian activities, increased 74.8% to €1.44bn while that of aviation activities in Paris increased 63% to €1.67bn.

See Also:

Earnings before interest, taxes, depreciation and amortisation (EBITDA) more than doubled to €1.7bn from €751m.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The operator expects its EBITDA to bounce back to at least pre-pandemic 2019 levels as early as this year, which is a year ahead of its earlier projections.

Net debt remained at €7.44bn at the end of December last year, which is 4.4 times its EBITDA, versus €8.01bn in 2021. 

The firm’s 2023 outlook projects passenger volume to reach 95-105% of pre-pandemic levels.

Groupe ADP chairman and CEO Augustin de Romanet said: “Groupe ADP returns to a solid net result, at €516m, leading to propose to the General Meeting a €3.13 dividend per share, equivalent to a payout of 60% of the net result attributable to the group. 

“All the 2022 targets have been met or exceeded. Based on an adjusted financial trajectory for the 2023-2025 period, Groupe ADP confirms its commitment to continue deleveraging its balance sheet, targeting a net debt to EBITDA ratio lowered again to 3.5x to 4.5x EBITDA in 2025 (the previous target was 4.5x to 5.0x EBITDA), including selective international growth projects.”