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ADP: Q1 revenues up 78.9% to E848m

(CercleFinance.com) - ADP today published its Q1 2022 results, including consolidated revenues that are up 78.
9% to
848 million euros.

Aeronautical activities were up 80.4% to 322 million euros, thanks to increased in traffic in Paris (+211.8%).

Shops and services sales doubled (+99.8%) to 270 million euros, also thanks to the recovery in traffic. Meanwhile, real estate revenues increased 2.9% to 85 million euros.

International and airport developments rose by 132.4% to 205 million euros.

The recovery in air traffic was confirmed and even accelerated in March, with the Group's total traffic last month reaching almost three quarters (72.4%) of pre-crisis 2019 traffic, in line with group assumptions for 2022. Thanks to this recovery, Group revenues will be up 78.9% compared to the same period in 2021, management said.

However, the share has failed to take off this morning, currently down about 1.5%.


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