QUARTER FINANCIAL INFORMATION AS OF 31 MARCH 2024 [1]
2024 1st quarter consolidated revenue was up +10.9% compared to the same period in 2023, to €1,324M.
- Aviation activities segment was up +4.0%, in line with passengers traffic in Paris (+4.4%).
- Retail & Services segment's good momentum continued (+11.1%), benefiting from Paris traffic growth and from Extime Paris Sales/Pax [2], up +7.8% at €32.7 for the 1st quarter of 2024.
- Real Estate segment was up +4.0%, driven by commissioned and acquired assets and rent indexation clauses.
- International & airport developments segment recorded the strongest progress (up +21.3%), driven by the strong traffic growth of TAV Airports (up +21.8%)
2024 - 2025 traffic assumptions, forecasts and financials targets are confirmed.
Unless otherwise indicated, changes are expressed in comparison with the 1st quarter of 2023.
Operational and financial indicators definitions appear in Appendix 1.
CONSOLIDATED REVENUE – KEY FIGURES
| In million euros |
Q1 2024 |
Q1 2023 |
Change 2024/2023 |
|
|
Revenue [3] |
€1,324M |
€1,194M |
+€130M |
+10.9% |
|
of which Aviation |
€447M |
€430M |
+€17M |
+4.0% |
|
of which Retail and Services |
€426M |
€384M |
+€42M |
+11.1% |
|
of which Real Estate |
€97M |
€93M |
+€4M |
+4.0% |
|
of which Intl. |
€389M |
€321M |
+€68M |
+21.3% |
OPERATIONAL INDICATORS
|
Q1 2024 |
Q1 2023 |
Change 2024/2023 |
||||||
|
Group traffic [4] |
77.1 Mpax |
69.3 MPax |
+7.8 MPax |
+11.3% |
||||
|
Paris Aéroport traffic |
22.0 Mpax |
21.0 MPax |
+0.9 MPax |
+4.4% |
||||
|
Q1 2024 |
Q1 2023 |
Change 2024/2023 |
||
|
Extime Paris Sales / Pax |
€32.7 |
€30.3 |
+€2.4 |
+7.8% |
Augustin de Romanet, Chairman and CEO of Groupe ADP, stated: "Over the 1st quarter of 2024 we welcomed 77.1 million passengers across all of Groupe ADP airports, up +11.3% more compared to the same period in 2023. In Paris Aéroport, traffic is up +4.4% with 22.0 million passengers. This traffic dynamic, which is in line with our hypotheses, and the good performance of retail activities in Paris, allow us to record a strong growth in consolidated revenue, up +10.9%, to reach 1,324 million euros. All segments of activities are growing, especially the contribution of international activities, driven by the strong traffic momentum at TAV Airports. We confirm our 2024-2025 financial targets.
At the start of this year, Groupe ADP teams are fully mobilized and are ready to host Paris 2024 Olympic and Paralympic Games. We have also launched a voluntary public consultation process at Paris-Orly, a key step in making this platform a precursor of the industrial and environmental transformation which is part of our 2025 Pioneers strategic roadmap."
[1] This document is voluntarily disclosed by Aéroports de Paris. See article 10 of the AMF recommendation - Guide de l'information périodique des sociétés cotées (DOC-2016-05, last amended on 28 July 2023).
[2] Sales from airside activities: shops, bars & restaurants, foreign exchange & tax refund counters, commercial lounges, VIP reception, advertising and other paid services in the airside area, divided by the number of departing passengers at Paris Aéroport.
[3] Before inter-sector eliminations, see page 4 of this financial release for the details of the consolidated revenue.
[4] Group traffic includes airports operated by Groupe ADP in freehold (incl. Almaty) or under concession, receiving regular commercial passenger traffic, excluding airports under management contract. Historical data since 2019 is available on the company's website.
