NEWS ROUND-UP Intl. pax recovery spurs +4.8% growth for SDA JV


Groupe ADP retail and services revenue from its Parisian operations rose by 1.2% to €953m ($1.2bn) in 2017. Retail revenue across the board (including


rents received from airside and landside shops and bars and restaurants) rose by 2.2% to €459m ($560m) from €449m ($548m) the previous year.


Luxury products in its airside stores


performed particularly well. The slight increase in retail is due to


the performance of airside shops (+1.6%), landside shops (+5.4%) and bars & restaurants (+10.2%). The company also revealed in its 2017


results presentation that it is targeting spend per passenger of €23 ($28) by 2020, by which time international traffic is expected to have increased by 3.6%. Last year, spend per passenger in airside


shops was stable, increasing +0.4% to €18.20 ($22). Revenue at SDA, the joint-venture with


Lagardère Travel Retail, was up 4.8% driven by the recovery in international traffic. In more general results, Groupe ADP


traffic was up 7.4% to 228.2m, while Paris Aéroports’ traffic rose by 4.5% to 101.5m. Looking ahead, Groupe ADP is predicting


July exit for Lotte DF non-L&T at Incheon T1


Incheon International Airport Corporation (IIAC) has formally acknowledged and set out terms for Lotte Duty Free’s termination of its non-liquor and tobacco contracts at Incheon International Airport Terminal 1. In a statement, Lotte confirmed receipt


of an official letter from IIAC dated 9 March to pull the leases for perfumes & cosmetics (DF1), leathergoods and fashion (DF5) and all items (DF8) that it won in a competitive tender in 2015. Lotte says the cancellation will take effect


on 7 July, whereupon it will continue to trade for a further 120 days before ceasing operations in accordance with the approval of a cancellation request (as expected). The South Korean retailer adds that it


paid a penalty fee in full on 28 February to exit the concessions, with IIAC approving the termination nine days later. The concession fee penalty is estimated


to be in the region of KRW187bn ($174m), TRBusiness is reliably informed.


traffic growth for Paris Aéroports of between 2.5% and 3.5% in 2018 compared to 2017.


Chairman and CEO of Aéroports de Paris


SA (Groupe ADP) Augustin de Romanet (pictured above) said: “2017 was a year of transformation for Groupe ADP, in Paris as well as abroad. Traffic in Paris Aéroport reached 101.5m passengers, crossing the symbolic threshold of 100 million passengers, driven by the growth in long haul traffic.”


Tallink commercial sales reach $662m


Baltic ferry and cruise operator Tallink Group has revealed revenue from shops and restaurants of €536.7m ($661.5m) in 2017, up from €521.5m ($642.8m) in 2016. Total revenue amounted to €967m


($1.19bn) from €938m ($1.16bn) in 2016. In the 2017 financial year (1 January to 31


December), Tallink Group and its subsidiaries carried a record 9.8m passengers. Tallink commented: “The main drivers for


the increased turnover in 2017 were positive developments on several of the group’s routes and in a number of its segments during the year. “The launch of the group’s newest


Megastar vessel on the Tallinn-Helsinki route early in the year increased the capacity of this route and improved the efficiency.” Group investments reached €219.2m


($270.2m) in the 2017 financial year. A number of investments were also made


to upgrade restaurants, shops and cabins on its various other vessels. Tallink Group CEO Janek Stalmeister


(above right) said: “2017 was a record year for Tallink in terms of passenger numbers and several other indicators. “I am pleased that our big investment


Megastar has been very successful and played an important role in the group’s increased profits, despite increasingly tight competition.”


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