Aeroports de Paris SA/€ADP

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About Aeroports de Paris SA

Aéroports de Paris SA, also known as Groupe ADP, is a French company that operates the Parisian airports of Charles de Gaulle, Orly, and Le Bourget, among others. The company's core business lies in the management and operation of airports, providing both aeronautical services like airside operations and non-aeronautical services such as retail, real estate, and parking. Founded in 1945, it has a significant footprint internationally, managing and developing airport infrastructure globally through its subsidiary ADP International. Groupe ADP is headquartered in Tremblay-en-France, near Paris. Its strategic strengths include its robust airport network, crucial location connecting Europe and the world, and diversified revenue stream from both its core airport and supplementary real estate operations.
Ticker
€ADP
Sector
Mobility
Primary listing
PAR
Employees
26,055

ADP Metrics

BasicAdvanced
€11B
18.03
€6.03
0.88
€3.80
2.76%

Bulls say / Bears say

Groupe ADP delivered resilient first-half results despite geopolitical disruption: revenue increased 1.6% to €3.215 billion, net income more than tripled to €312 million, and management expects 2026 recurring EBITDA of €2.3–€2.35 billion after cost-saving measures take effect. (Groupe ADP)
The sale of up to 7.3% of GMR Airports is expected to generate approximately €924 million in cash, supporting a proposed €0.80 per-share special dividend while preserving Groupe ADP’s governance rights and exposure to future Indian aviation growth. (Reuters)
Agreement with the French state on the 2027–2034 economic regulation framework provides greater long-term visibility for Paris airports and enables an €8.2 billion investment programme aimed at improving competitiveness and capacity. (Groupe ADP)
Paris traffic is weakening: July 2026 Paris Aéroport traffic fell 1.0% year over year, or 2.2% excluding a favorable strike-related comparison base, while the group cited Middle East disruption, higher fuel prices, and operational constraints. (Groupe ADP)
Underlying profitability remains pressured: first-half 2026 revenue rose 1.6%, but recurring EBITDA declined 1.0% to €1.015 billion, while net debt increased 5.0% to €9.052 billion and leverage reached 3.9x EBITDA. (Groupe ADP)
The planned €8.2 billion regulated investment programme for 2027–2034 creates substantial execution and financing risk, particularly while traffic growth is modest and leverage is already elevated. (French Ministry for Ecological Transition)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.
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Market data provided by CBOE Europe and Deutsche Börse.