ADP to major on retail expansion

By Administrator |

A?roports de Paris (ADP is to place a much greater emphasis on its retail and property sectors in an effort to increase its earnings by 50%, according to Executive Chairman Pierre Graf.

More details have now emerged following ADP?s meeting with market analysts last week where it promised to raise underlying earnings by 45-50% by 2010 and increase profit margins from 30.9% to around 40%.
All of these grand promises naturally come ahead of ADP?s flotation in which the airports? operator is hoping for a capital increase of between E.500m to E.600m when it floats up to 49% of the company later this year. The government will retain a 51% golden share.
ADP said that the bottom line is that it plans to add another 30% of retail space at Charles de Gaulle and Orly airports. Some of this will be located in its 750-metre long S3 satellite building which links terminals 2E and 2F at Charles de Gaulle, with the retail mix divided between duty free shopping for long-haul flights, and duty paid goods for travellers within the EU.


OUT NOW: June/July issue + Top 10 Airports

The TRBusiness June/July 2024 edition, featuring the Top 10 Airports report, is now available...


TR Consumer Forum 2024 photo gallery now live

The TR Consumer Forum 2024 was packed with memorable moments, from the very first networking...


TR Consumer Forum welcomes Gulf Beverages

TRBusiness is proud to announce Gulf Beverages and African + Eastern as Diamond Sponsors for the...

image description

In the Magazine

TRBusiness Magazine is free to access. Read the latest issue now.

E-mail this link to a friend