20 October 2022





Consensus & analysts





Company compiled consensus


The consensus below includes the sell-sides analysts’ estimates actively covering Aeroports de Paris stock collected by the Group between 3 and 14 October 2022, ahead of the 2022 first 9-months revenue.


It was calculated for the key hypothesis and financial performance indicators followed in 2022 and to be followed in 2023 where at least 8 analysts provided data.


9M 2022e


(In millions of euros) Median Average Minimum Maximum Number of estimates
Paris Aéroport traffic (in % of 2019) 77 % 78,4 % 75,6 % 87 % 13
Revenue: 3 306 3 311 3 212 3 447 13
- Aviation  1 202 1 206 1 175 1 243 13
- Retail and services  1 011 1 010 985 1 036 13
- Real estate  225 223 187 235 13
- International & airport developments  942 947 876 1 029 13
- Other activities  124 126 122 134 13
- Inter-sector eliminations - 202 - 201 - 228 - 192 13


FY 2022e


(In millions of euros) Median Average Minimum Maximum Number of estimates
Paris Aéroport traffic (in % of 2019) 78,5 % 78,2 % 75,8 % 79,1 % 11
Revenue: 4 380 4 375 4 151 4 503 11
- Aviation  1 626 1 620 1 554 1 658 11
- Retail and services  1 366 1 360 1 197 1 450 11
- Real estate  295 290 238 313 11
- International & airport developments  1 180 1 206 1 092 1 316 11
- Other activities  173 166 100 179 11
- Inter-sector eliminations - 263 - 267 - 306 - 250 11
EBITDA 1 560 1 547 1 391 1 640 11
Operating income 814 798 637 901 9
Net result, group share 399 375 226 443 11
Net debt 8 036 8 134 7 811 8 964 10


FY 2023e


(In millions of euros) Median Average Minimum Maximum Number of estimates
Paris Aéroport traffic (in % of 2019) 90 % 88,2 % 80 % 91,5 % 11
Revenue 4 902 4 882 4 474 5 144 11
EBITDA 1 785 1 787 1 637 1 915 11
Operating income 1 065 1 043 939 1 128 9
Net result, group share 548 524 430 600 11
Net debt 7 918 7 915 7 131 8 758 10



Disclaimer


The consensus is made available by Aéroports de Paris for information purposes only. The estimates in this consensus were drawn up under the exclusive responsibility of the contributing financial analysts and do not reflect the opinion of Aéroports de Paris. The data contained in-here has not been subject to independent verification. Aéroports de Paris makes no warranty as to the completeness or accuracy of the data or as to the reasonableness of the assumptions or projections set forth by the analysts.


This information should not be seen as a recommendation to buy or sell financial instruments, or to take or refrain from taking any other action.

 

More complete information about the Aéroports de Paris Group can be obtained on its website, under the heading "Finance". All of the Group's financial and strategic information, as well as the complete regulated information, is available at the following address : https://www.parisaeroport.fr/en/group/finance

 




Sell-side institutions covering Aéroports de Paris stock as of 20 October 2022


Please note that any opinions, assumptions, estimates or forecasts made by analysts regarding Aéroports de Paris' performance are those of the analysts and do not represent opinions, assumptions, estimates or forecasts of Aéroports de Paris or its management.


Sell-side research Institution

AlphaValue
Barclays
Bank of America
Berenberg
BNP Paribas Exane
CIC
Citi
Deutsche Bank
Goldman Sachs
HSBC
Insight
Jefferies
JP Morgan
Kempen
Kepler Cheuvreux
Morgan Stanley
Oddo BHF
Redburn
RBC Capital
Santander
Stifel