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Aeroports de Paris ADP Earnings Calls
| Release date | Feb 18, 2026 |
| EPS estimate | $3.76 |
| EPS actual | $3.29 |
| EPS Surprise | -12.50% |
| Revenue estimate | 4.155B |
| Revenue actual | 4.158B |
| Revenue Surprise | 0.0558% |
| Release date | Jun 30, 2025 |
| EPS estimate | $3.58 |
| EPS actual | $1.16 |
| EPS Surprise | -67.60% |
| Revenue estimate | 3.746B |
| Revenue actual | 3.724B |
| Revenue Surprise | -0.583% |
| Release date | May 21, 2025 |
| EPS estimate | - |
| EPS actual | - |
| Revenue estimate | - |
| Revenue actual | - |
| Release date | Dec 31, 2024 |
| EPS estimate | -$2.48 |
| EPS actual | -$0.0418 |
| EPS Surprise | 98.32% |
| Revenue estimate | 3.28B |
| Revenue actual | 3.387B |
| Revenue Surprise | 3.27% |
Last 4 Quarters for Aeroports de Paris ADP
Below you can see how AEOXF performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Dec 31, 2024 |
| Price on release | $116.16 |
| EPS estimate | -$2.48 |
| EPS actual | -$0.0418 |
| EPS surprise | 98.32% |
| Date | Price |
|---|---|
| Dec 25, 2024 | $116.16 |
| Dec 26, 2024 | $116.16 |
| Dec 27, 2024 | $116.16 |
| Dec 30, 2024 | $116.16 |
| Dec 31, 2024 | $116.16 |
| Jan 01, 2025 | $116.16 |
| Jan 02, 2025 | $112.51 |
| Jan 03, 2025 | $112.51 |
| Jan 06, 2025 | $112.51 |
| 4 days before | 0% |
| 4 days after | -3.14% |
| On release day | 0% |
| Change in period | -3.14% |
| Release date | May 21, 2025 |
| Price on release | $133.79 |
| EPS estimate | - |
| EPS actual | - |
| Date | Price |
|---|---|
| May 15, 2025 | $94.60 |
| May 16, 2025 | $133.79 |
| May 19, 2025 | $133.79 |
| May 20, 2025 | $133.79 |
| May 21, 2025 | $133.79 |
| May 22, 2025 | $133.79 |
| May 23, 2025 | $133.79 |
| May 26, 2025 | $133.79 |
| May 27, 2025 | $117.20 |
| 4 days before | 41.43% |
| 4 days after | -12.40% |
| On release day | 0% |
| Change in period | 23.89% |
| Release date | Jun 30, 2025 |
| Price on release | $122.21 |
| EPS estimate | $3.58 |
| EPS actual | $1.16 |
| EPS surprise | -67.60% |
| Date | Price |
|---|---|
| Jun 24, 2025 | $122.87 |
| Jun 25, 2025 | $129.70 |
| Jun 26, 2025 | $129.70 |
| Jun 27, 2025 | $122.87 |
| Jun 30, 2025 | $122.21 |
| Jul 01, 2025 | $122.21 |
| Jul 02, 2025 | $131.95 |
| Jul 03, 2025 | $131.95 |
| Jul 04, 2025 | $117.20 |
| 4 days before | -0.537% |
| 4 days after | -4.10% |
| On release day | 0% |
| Change in period | -4.61% |
| Release date | Feb 18, 2026 |
| Price on release | $141.71 |
| EPS estimate | $3.76 |
| EPS actual | $3.29 |
| EPS surprise | -12.50% |
| Date | Price |
|---|---|
| Feb 11, 2026 | $138.99 |
| Feb 12, 2026 | $137.35 |
| Feb 13, 2026 | $137.35 |
| Feb 17, 2026 | $141.71 |
| Feb 18, 2026 | $141.71 |
| Feb 19, 2026 | $143.43 |
| Feb 20, 2026 | $143.43 |
| Feb 23, 2026 | $143.43 |
| Feb 24, 2026 | $143.43 |
| 4 days before | 1.95% |
| 4 days after | 1.22% |
| On release day | 1.22% |
| Change in period | 3.19% |
Aeroports de Paris ADP Earnings Call Transcript Summary of Q4 2025
Key points for investors:
- Strong 2025 operational and financial performance: revenue €6.7bn (≈ +9%), EBITDA up >12% and net income attributable to group €382m (impacted by FX and an exceptional corporate tax surcharge). Net debt €8.6bn with net debt/EBITDA ~3.7x, within the 3.5–4x target. Board proposes €3.00 dividend per share.
- Guidance and capital plan for 2026: group EBITDA expected above €2.35bn; group CapEx ~€1.45bn (≈ €1.0bn at ADP SA). Dividend policy unchanged (60% payout, €3 floor). 2026 guidance already assumes flat regulated tariffs in Paris (regulator rejected proposed 1.5% increase) and higher than usual staff cost increase tied to the compensation reform.
- Economic Regulation Agreement (ERA) '27–'34 central to strategy: ADP submitted an 8-year ERA proposal; airlines and the French State have expressed support; regulator has raised questions on analytical allocation keys and WACC and issued a non-validation for 2026 tariffs, but ADP expects the ERA negotiation process to resolve structural allocation and remuneration issues with a target to obtain binding approval in Q4 2026 and entry into force 1 Jan 2027.
- Operational and strategic execution: employee-shareholder plan succeeded (≈75% participation; employees now hold ~2% of capital); compensation reform negotiated with unions (producing a one-off step-up in 2026 staff costs but expected long-term savings/sustainability); infrastructure projects delivered in 2025 (runway refurbishment, geothermal plant, baggage upgrades) and international projects (Antalya, Delhi expansions); TAV resumed dividends to ADP.
- Risks and headwinds to monitor: FX volatility (notably stronger euro) produced a ~€130m net FX loss in 2025, an exceptional corporate tax charge (~€92m) affected 2025 net income, retail/Extime seen pressure from luxury slowdown and FX, and regulator disagreements on allocation keys/WACC could affect future regulated returns and tariffs.
- Portfolio review and priorities for 2026: ADP will run a review of non-regulated assets to clarify strategic role and capital efficiency (not intended to force major disposals); 2026 will also focus on cultural transformation, CSR acceleration and preparing the next strategic plan for 2027–2030.
