Aeroports De Paris Sa (ARRPY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the half-year 2025 results conference call of Group ADP. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to Cecil Combo, Head of Investor Relations, to begin today's conference. Please go ahead. Good morning, everyone, and thank you for joining our call this morning. I'm here with Philippe Pascal, Chairman and CEO, and Christelle de Robillard, CFO, who will go through some prepared remarks before the Q&A session. And before we start, and as usual, I remind you that certain information to be discussed on today's call is forward-looking and is subject to risks and uncertainties that could cause actual results to differ materially. And for these, I refer you to the disclaimer statement included in our press release and on slide 41 of our results presentation. I will now leave the floor to our chairman and CEO, Philippe Pascal. Thank you, Cécile, and good morning, ladies and gentlemen. Thank you for joining us to discuss our half-year's results 2025. Let me now turn to slide 3, the key highlights of the first half. You can see on the left our key figures for the first half of 2025. Revenue rose by nearly 10% to 3.2 billion euros. Recurring EBITDA passed the 1 billion euros mark up 8.7%. Our net debt to recurring EBITDA ratio is now down to 4 times. This solid operational performance confirms the strengths of our model despite a challenging context. Traffic remains on track, up 4.5% in Paris and up 3.9% at Thierry Airport. Each time Paris spends per pax, it's up 7.7% compared to 2023, consistent with our full year's guidance. Strategically, We made decisive...