(Corrects consensus figure in 3rd paragraph)
Feb 16 (Reuters) - ADP , operator of airports in
France, central Asia, India and elsewhere, on Thursday said it
expected profits to fully recover from the COVID impact this
year, after its annual earnings beat expectations on traffic
recovery and stronger activity in its retail and services
business.
Airport operators' profits are recovering as travel demand
slowly returns to pre-pandemic levels, even as high inflation
and the uncertain geopolitical situation eat into consumer
confidence.
ADP posted 2022 earnings before interest, taxes,
depreciation, and amortization (EBITDA) of 1.70 billion euros
($1.82 billion), against an estimate of 1.63 billion euros in a
company-provided poll.
The group said it expected its EBITDA to return to at least
pre-pandemic 2019 levels as early as this year, meaning at least
1.77 billion euros, a year earlier than its previous forecasts.
"All the 2022 targets have been met or exceeded," Chief
Executive Officer Augustin de Romanet said in a statement.
The operator of Orly and Roissy Charles de Gaulle airports
in Paris said it expected 2023 passenger numbers for the group
to climb to the range of 95% and 105% of pre-pandemic levels.
($1 = 0.9346 euros)
(Reporting by Agata Rybska and Agnieszka Gosciak in Gdansk;
Editing by Milla Nissi)
agnieszka.gosciak@thomsonreuters.com))
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