2024 half-year results: Good operating and financial performance, driven by international

- Revenue: €2,887M, up +13.4% driven by traffic growth, especially abroad, and strong momentum in retail activities, with Extime Paris Sales/Pax reaching €31.7 (7.1%);
- EBITDA: €943M, up +9.3%, driven in particular by TAV Airports;
- Operating income from ordinary activities: €681M, up +51.7%;
- Net income attributable to the Group: €347M, up +64.5%;
- Net financial debt: €8,571M, with a Net Debt to EBITDA ratio of 4.2x EBITDA [1];

- Traffic assumptions, forecasts and targets for 2024-2025 confirmed.

Unless otherwise indicated, variations are expressed in comparison with half-year results 2023.
Key figures are presented in a table form on page 1 of this release. Assumptions, forecasts and targets for 2024 - 2025 are summarized on page 17 of this release. Definitions of operating and financial indicators appear in Appendix 2.
The financial statements for the 1st half of 2024 were approved by the Board of Directors of Aéroports de Paris at its meeting on July 23rd, 2024. They have been subject to a limited review by the statutory auditors, and the limited review report is currently being issued.

OPERATIONAL INDICATORS

FINANCIAL RESULTS

Augustin de Romanet, Chairman and CEO of Groupe ADP, stated:
" Groupe ADP records a good operating and financial performance. Groupe consolidated revenue stood at 2.9 billion euros in the first half of 2024, up +13.5% compared to the first half of 2023. Over the period, we welcomed 170 millions passengers across our airports network, of which 49 million in Paris. Traffic growth recorded this half-year, +9.7% for the group and +4.4% in Paris, is in line with assumptions for 2024. Extime sales per pax is up + 7.1% compared to the first half of 2023, at €31.7, also in line with the 2025 trajectory. Group consolidated EBITDA stood at 943 millions euros, up +9.3%, especially driven by TAV Airports. Advances taken in the first part of the year due to this outperformance abroad should fade over the second half of the year. This summer, seasonal tourism in Paris, expected at a slightly lower level than last year, should be offset by traffic linked to the Olympic and Paralympic Games. The target of EBITDA growth of at least 4% in 2024 is confirmed, as are our other assumptions, forecasts and targets for 2024 and 2025.
Just three days before the opening of the Paris Olympic and Paralympic Games, we can be proud of the commitment of Groupe ADP employees, and from the entire airport community, to welcom delegations and spectators in the best possible conditions throughout this historic event. Being the first gateway to the Olympic and Paralympic Games is a great responsibility, and we are up to the task. We are also continuing our transformation with our 2025 Pioneers strategic roadmap for the decarbonization and responsible development of our activities, in Paris and abroad.”

[1] Net financial debt compared to EBITDA over the last 12 months.
[2] 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
[3] Sales per passenger in the airside activities, including shops, bars & restaurants, foreign exchange & tax refund counters, commercial lounges, VIP reception, advertising and other paid services in the airside area.

Download the release for more content