Aeroports de Paris SA (XPAR:ADP)
€ 126.9 -0.2 (-0.16%) Market Cap: 12.52 Bil Enterprise Value: 19.91 Bil PE Ratio: 19.86 PB Ratio: 2.87 GF Score: 87/100

Half Year 2020 Aeroports de Paris SA Earnings Call Transcript

Jul 28, 2020 / 08:00AM GMT
Release Date Price: €89.05 (-2.14%)
Operator

Good morning. Welcome to the half yearly results of ADP for the first half of 2020. This meeting is recorded. We will give the floor to Mr. Augustin de Romanet. You have the floor, sir.

Augustin Pascal Pierre Louis Marie de Romanet de Beaune
Aeroports de Paris SA - President of the Board & CEO

[Interpreted] Thank you. Good morning, ladies and gentlemen. Good morning, dear friends. Along with Philippe Pascal, who is the CFO of the company, we will share with you the presentation of our half yearly results for the first half of 2020 in the ADP Group.

So in the first half, we had, as everybody knows, this impact, this huge impact of the lockdown that impacted heavily air traffic in April and May. We had between 2% and 3% of airplanes flying. In other words, an almost total shutdown of airports.

Now overall, for the half year, traffic of the ADP Group went down by 57.5%, that is, on average, a little bit less than Paris Aéroport of 62.5% there. Given that impact, the group reacted in 2 ways.

Firstly, health-wise, we had to protect

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