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Aéroports de Paris posts higher H1 profit, raises FY'18 EBITDA outlook

French airport operator Aéroports de Paris SA, or Groupe ADP, raised its 2018 EBITDA outlook after its net income rose about 26.9% year over year in the first half.

Net income attributable to the company stood at €205 million, or €2.07 per share, for the six months ended June 30, up from €161 million, or €1.63 per share, in the same prior-year period.

Revenue totaled €2.10 billion, up 43.9% from €1.46 billion. Groupe ADP said the gain was driven by the positive impact of the full consolidation of the results of TAV Airports and AIG. Sales per passenger slipped 1.3% to €17.9 from €18.1.

EBITDA rose to €815 million from €610 million. The EBITDA-to-revenue ratio stood at 38.8%, compared with 41.8% in the same period last year.

Operating income came in at €468 million in the first half, up on a yearly basis from €341 million.

Groupe ADP said it now expects its 2018 consolidated EBITDA to increase between 17% to 22% from the prior year, up from the previously forecast increase of 10% to 15%.