Groupe ADP CEO warns passenger retail spend earnings at risk due to coronavirus outbreak

    Groupe ADP CEO Augustin de Romanet warned Aéroports de Paris stands to lose a significant portion of passenger retail spend due to the coronavirus outbreak (The Moodie Davitt Report, 13-Feb-2020). The two million passengers handled from China p/a make up 15% of total retail spend at Paris airports. Mr de Romanet said this can be absorbed in the off-peak months during 1Q2020, however if it continues into Apr/May-2020 “we will have to draw conclusions from that in our forecast”.