ADP: FY earnings up almost 7%

(CercleFinance.com) - Published after trading on Thursday ADP Group's 2018 results were marked by a 39 million euro increase in net profit to 610 million (+6.
9%).

EBITDA increased by 393 million euros from FY 2017, reaching 1.96 billion euros, while underlying operating profit came in at 1.24 billion euros, up 207 million euros.

In terms of revenues, the airport operator says it is now the number 1 worldwide airport management, with 281.4 million passengers (+7.6%). Revenues therefore rose by 861 million euros y-o-y to 4.48 billion euros.

As far as forecasts are concerned, the ADP Group is aiming for between 1% and 5% growth in its consolidated Ebitda, restated for Istanbul Atatürk's contribution in 2018 and 2019.


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