Groupe ADP penalized at the start of the year by geopolitical disruptions

The airport operator Groupe ADP announced on Tuesday evening a decrease in revenue in the first quarter due to the impact of the conflict in the Middle East on its activity.

The group reported a 0.9% decline in revenue in the first three months of 2026, to 1.47 billion euros. Analyst consensus was around 1.545 billion euros on average.

Affected by the Middle East war, ADP’s “International and Airport Development” branch saw a 6% decrease in revenue to 424 million euros in the first quarter.

The “Commercial and Services” segment was also affected by the conflict, with a 1% decrease in revenue to 484 million euros between January and March. This includes an unfavorable accounting effect of 13 million euros compared to the first quarter of 2025, as specified by the company.

In contrast, revenue from aeronautical activities in Paris increased by 5% to 504 million euros in the first quarter.

During the quarter, ADP welcomed 83.9 million passengers across all its airports worldwide, representing a 2.3% increase year over year. In Paris airports, traffic increased by 2.6% to 23.6 million passengers.

“We are closely monitoring the evolution of the geopolitical situation and its potential consequences on short, medium, and long-term air transport. At this stage, considering recent trends, cost-saving measures initiated by the group, and the assumption of short-term disruptions, we confirm our financial outlook and objectives for 2026,” stated CEO Philippe Pascal in a press release.

Groupe ADP is targeting a higher current EBITDA of over 2.35 billion euros. These expectations are based on the assumption of short-term disruptions, according to the French group.

Financial releases from Groupe ADP can be found at: Groupe ADP Financial Press Releases

(Source: Agefi-Dow Jones The financial newswire)