Groupe ADP: 2019 net income down 3.5%
(CercleFinance.com) - Published after trading on Monday, ADP's 2019 results included a 22 million euro drop in net income, which reached 588 million euros (-3.
5%).
Meanwhile, Ebitda fell by 92 million euros from 2018, to 1.77 billion euros, while underlying operating profit came in at 1.09 billion euros, down 29 million euros.
The airport operator posted revenues of 4.7 billion euros in 2019, up 17.5% from the 4 billion euros posted a year ago.
A dividend of 3.70 euros per share will be paid to shareholders, unchanged from a year ago, at its next AGM.
Regarding forecasts, ADP is looking for consolidated Ebitda growth of 3.5% to 5.5%, with traffic increasing by 2% to 2.5%.
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5%).
Meanwhile, Ebitda fell by 92 million euros from 2018, to 1.77 billion euros, while underlying operating profit came in at 1.09 billion euros, down 29 million euros.
The airport operator posted revenues of 4.7 billion euros in 2019, up 17.5% from the 4 billion euros posted a year ago.
A dividend of 3.70 euros per share will be paid to shareholders, unchanged from a year ago, at its next AGM.
Regarding forecasts, ADP is looking for consolidated Ebitda growth of 3.5% to 5.5%, with traffic increasing by 2% to 2.5%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.