(AOF) – ADP announces growth of 17.2% in its turnover in 2023 to 5.49 billion euros “driven by the increase in traffic, both in Paris and internationally, and the strong dynamics of commercial activities. The airport manager specifies that its net profit group share (RNPG) increased by 22.2% to 631 million euros; it proposes an annual dividend of 60% of the RNPG or 3.82 euros per share, compared to 3.13 euros paid for 2022. Ebitda reached 1.95 billion euros, up 14.8% with a EBITDA margin at 35.6% of turnover.
It fell by 0.6 points and ADP targeted a 2023 EBITDA margin of between 32% and 37%.
“Approaching its 2019 traffic level in Paris and exceeding it internationally, while having already surpassed the 2019 consolidated Ebitda level”, ADP expects to “gradually return to growth rates close to those known before the Covid-19 crisis.
It targets annual growth in passenger traffic above 8.0% in 2024 and between 3.5% and 5% for Paris Aéroport. Ebitda is expected to show annual growth above 4% in 2024 and above 7% in 2025.
The debt ratio is now expected to be in a target range of 3.5 to 4 times EBITDA in 2025, “including possible external growth projects targeted internationally”.
The company targets a distribution rate of 60% of RNPG, with a floor of 3 euros per share in 2024 and 2025.
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