ADP Group penalized at the beginning 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 activities.

The group reported a 0.9% drop in revenue for the first three months of 2026, totaling 1.47 billion euros. Analyst consensus compiled by the company averaged at 1.545 billion euros.

Impacted by the Middle East conflict, ADP’s “International and Airport Development” branch recorded a 6% decline in revenue to 424 million euros in the first quarter.

The “Retail and Services” segment was also affected by the conflict, with its revenue declining by 1% 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%, reaching 504 million euros in the first quarter.

During the quarter, ADP welcomed 83.9 million passengers across its airports worldwide, representing a 2.3% increase from the previous year. In Parisian airports, traffic increased by 2.6%, with 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 transportation. At this stage, and considering recent trends, cost-saving measures initiated by the group, and the assumption of short disturbances, we confirm our financial outlook and objectives for 2026,” said CEO Philippe Pascal in a statement.

Groupe ADP targets a higher current EBITDA of over 2.35 billion euros. These projections “are based on the assumption of short-term disturbances,” as stated by the French company.

Context: Groupe ADP reported a decrease in revenue in the first quarter of 2026 due to the ongoing conflict in the Middle East affecting its airport operations.

Fact Check: The company aims for a higher current EBITDA and confirms its financial outlook for 2026 despite the challenging geopolitical situation.