ADP: raises 2018 EBITDA forecast

(CercleFinance.com) - ADP group's H1 2018 consolidated revenues rose by 640 million euros to 2,099 million euros.


It mainly benefited from the global integration of TAV Airports' results from H2 2017, which contributed 544 million euros to its revenues.

Consolidated EBITDA reached 815 million euros. Underlying EBITDA came in at 469 million euros, up 127 million euros. Net income, group share came in at 205 million euros, up 43 million euros.

The airport operator has revised its estimate for 2018 Ebitda, which it now expects will rise by between +17% and +22% (compared with a previous growth range of +10% to +15%) relative to 2017.



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