Groupe ADP (Aéroports de Paris) saw its retail activities revenue across Paris’s airports for the first nine months of the year climb 30.1% to €837 million/£720.1m, on “strong” Extime passenger spend.
Consolidated revenues for the operator, which also manages TAV and GMR airports across 20 countries globally, hit €4,121m/£3,588m for the period, a year-on-year increase of 21.8%.
Aviation growth was driven by the return of international travel. Paris traffic has recovered to 91.4% of 2019 levels, with TAV volumes at 97.8%.
“All segments are performing as expected and we can confirm our 2023 full-year forecasts and financial targets,” noted Augustin de Romanet, Groupe ADP Chairman and CEO.
“I would like to thank again Groupe ADP’s teams, whose commitment and expertise in hospitality ensure the best experience for passengers travelling through our airports.”
Groupe ADP hails Extime activities
The operator’s Extime Duty Free retail arm saw retail spend per passenger leap more than 13% to €29.7.
Total Extime Duty Free Paris revenues grew 25.7% to €551m, while Relay@ADP saw sales grow 26% to €88m.
According to Mathieu Daubert, Groupe ADP Customer Director, the first Extime Boutique Terminal at Charles de Gaulle’s Terminal 1 is the operator’s best performing when ranked by sales per passenger.
“These results illustrate the relevance of our Extime project, which has enabled us to take our performance to a new level,” Daubert said.
“The implementation of our digital ecosystem Extime Rewards and extime.com, and the ongoing deployment of our concept in all our terminals are valuable assets for the future.”
Revenue from the Other Shops and Bars and restaurants segments climbed 50.8% to €124m/£107m. Groupe ADP attributed the surge to the increase in open outlets.
Last month, Groupe ADP chose SSP as its JV partner to operate hospitality and retail experiences across Paris Charles de Gaulle and Paris Orly airports under an “integrated model” approach.
Earlier this year Groupe ADP named Lagardère Travel Retail as the 50% co-shareholder in the Extime Travel Essentials Paris joint venture.
Subject to regulatory approvals, Extime Travel Essentials Paris will run more than 60 points of sale in a 10-year concession from 1 February 2024.