Aeroports de Paris, operator of Charles de Gaulle and Orly airports, said it’s raising its dividend payout ratio and reducing investment after a three-year spending program ended.
Operating profit from ordinary activities increased 6.2 percent to 645 million euros ($848 million), the company said in a statement today, adding it’s raising its dividend payout ratio to 60 percent from 50 percent, resulting in a dividend of 2.07 euros a share.
Sales rose 5.6 percent to 2.64 billion euros and passenger traffic increased 0.8 percent. The company predicted stable traffic for this year with “slight” growth in sales and earnings before interest, tax, depreciation and amortization.
ADP is increasing its payout because it has completed a period of heavy investments and will cut investment this year and next, Chief Financial Officer Laurent Galzy said in a conference call.