Highlights 2024 and 2025
Publication animée
HIGHLIGHTS 2024-2025
PROFIL E
“It is with great pride that I succeed Augustin de Romanet as Chairman and CEO of Groupe ADP, and together with all our teams, we stand ready to tackle the challenges that lie ahead. In 2024, we once again achieved strong financial results and met all our targets. 2025 marks 80 years since the company was founded. We will be stepping up the pace of our transformation to become a global benchmark in terms of attractiveness, hospitality, and environmental transition, thanks to our team of passionate individuals who drive our network of 26 airports around the world. We need to support the sector’s ecological transition, adapting our infrastructure to the evolving nature of air traffic, and support the performance of our airline customers while reinforcing our positive contribution to all our stakeholders. I want to unite all airport and regional players around a common project set to forge a new industrial and human dynamic. Air travel alone cannot be held responsible; we need to find the right place for aviation, complementing rail in particular. We supported this position in the Paris-Orly 2035 project, and we are supporting it in the 2025 consultation on the vision for the future of Paris-Charles de Gaulle. I am determined to carry out my duties with an open mind and a concern for the long term.”
A LEADER IN THE AIRPORT WORLD
OUR PURPOSE
Groupe ADP takes a sustainable approach to operating and designing airports in Paris and around the world, drawing on the expertise of all its employees, including nearly 6,000 in Paris. The group is committed to offering the highest level of service and hospitality to all its passengers while pursuing a decarbonization strategy across all its activities. Its commitment to the environment and social responsibility reflects a desire to balance economic development and ecological requirements. Groupe ADP has established two strategic partnerships with complementary geographies: TAV Airports in Turkey and the Middle East, and GMR Airports in India and Southeast Asia.
Welcome passengers, operate and imagine airports, in a responsible way and all around the world
26 AIRPORTS OPERATED all over the world
NO. 1 PARIS-CHARLES DE GAULLE AIRPORT voted Europe’s best airport for the 3rd year running and 6th worldwide (World Airport Awards 2024 – Skytrax) 6 Groupe ADP airports rank in the TOP 100 of the world’s best airports (Skytrax 2024)
OUR AMBITION
363.7 M PASSENGERS carried in 2024 (including 103.4 million at Paris Aéroport)
To become a global benchmark for attractiveness, hospitality, and environmental transition
8.1%
Philippe Pascal Chairman and Chief Executive Officer
€6,158 M IN REVENUE
“WE WILL BE STEPPING UP THE PACE OF OUR TRANSFORMATION TO BECOME A GLOBAL BENCHMARK IN TERMS OF ATTRACTIVENESS, HOSPITALITY, AND ENVIRONMENTAL TRANSITION.”
12.1%
29,330 EMPLOYEES at Groupe ADP (excluding GMR Airports)
2022 2023 2024
CONTENTS
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PERFORMANCE BUSINESS MODEL #PATHS TO SUCCESS #SUSTAINABLE AIRPORT
Find out more about Groupe ADP
2022 2023 2024
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#NEW HOSPITALITY EXPERIENCE
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HIGHLIGHTS 2024-2025
PERFORMANCE
OUR 2025 PIONEERS STRATEGY
AN AMBITIOUS DECARBONIZATION PLAN…
PUTTING PERFORMANCE FIRST Groupe ADP once again reported strong financial results.
FINANCIAL RESULTS DRIVEN BY STRONG GROWTH (1) …
GROUPE ADP RECEIVED VALIDATION OF ITS decarbonization targets from the independent body Science-Based Targets initiative (SBTi), a global organization that certifies that the strategy for reducing greenhouse gas emissions from the Paris platforms is in line with the Paris
MARKET-BASED METHODOLOGY takes into account the specific terms of supply contracts and associated emission factors if available
12% REDUCTION IN INTERNAL CO 2 EQ. of the Paris platforms compared with 2023 (40,909 tCO 2 eq in 2024, scopes 1 and 2, market-based)
€6,158 M CONSOLIDATED REVENUE (up 12.1%) €342 M NET RESULT GROUP SHARE excluding one-off items ( 2) : €638 M (up 15.6%)
SCOPES 1 AND 2 concern direct internal emissions related to airport activity (vehicles, heating, electricity purchased and consumed, etc.)
ALL 2024 TARGETS WERE ACHIEVED
agreements (maximum 1.5 °C increase by 2100)
…COMBINED WITH A COLLECTIVE SOCIAL COMMITMENT
€2,068 M CURRENT EBITDA increase of 5.7%, above target, driven in particular by TAV Airports
1,700 DAYS OF CITIZEN ENGAGEMENT completed by employees in Paris (vs. 1,178 in 2023)
10 YEARS GROUPE ADP FOUNDATION to celebrate its 10 th anniversary in 2025
12.5 M INVESTED IN SUPPORT by the Foundation since 2015, mainly in the fight against illiteracy
€32.1 REVENUE PER EXTIME PARIS PASSENGER (UP 4.9%)
… WITH A STILL-POSITIVE OUTLOOK IN 2025 (3)
… FOR SHARED VALUE
UP 4.0% UP 6.0% REVENUE PER EXTIME PARIS PASSENGER expected vs. 2023
UP 7.0% CURRENT EBITDA vs. 2024
956,326 TRAINING HOURS across the network. 26,672 employees trained
96% OF OUR SUPPLIERS present in our territories
405 HIRES by Aérowork (4) in 2024 (361 in 2023, and 92 in 2022)
(1) Variations are expressed in comparison with annual results for 2023. (2) See details of one-off items in the 2024 annual results press release. (3) The full 2025 outlook is detailed in the 2024 annual results press release, in the “Traffic assumptions, forecasts, and targets 2025” section. (4) A digital platform that brings together career opportunities of 30 employers to recruit as close as possible to the airport.
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HIGHLIGHTS 2024-2025
BUSINESS MODEL
A LONG-TERM BUSINESS MODEL
OUR DEPENDENCIES
ENERGY
SOCIETAL
GEOPOLITICAL/REGULATORY FRAMEWORK
RESOURCES
VALUE CREATION
HUMAN CAPITAL • 29,330 Group employees (excluding GMR Airports) • 5,942 Aéroports de Paris SA employees
FOR OUR EMPLOYEES • In 2024, Groupe ADP recruited 6,571 new permanent staff • 96% of Aéroports de Paris SA employees are shareholders
OUR PURPOSE TO WELCOME PASSENGERS,
AVIATION Energy mix decarbonisation Airside decarbonisation Support for low-emission aviation
OPERATE AND DESIGN AIRPORTS, RESPONSIBLY AROUND THE WORLD
through the FCPE ADP Actionnariat salarié • 38.3% women on management committees
INDUSTRIAL CAPITAL AND INNOVATION • 26 airports,
FOR OUR CUSTOMERS AND THE ENTIRE AIRPORT COMMUNITY • Customers: • 6 of world's top 100 airports (Skytrax 2024) • Paris-Charles de Gaulle best airport in Europe, 6 th worldwide (Skytrax 2024)
• Innovation: • Over 75 years
AN EVOLVING MODEL
RETAIL AND SERVICES Quality and accessibility for all
3 complementary entities: Groupe ADP, TAV Airports, GMR Airports • Unique positioning across all value chains: Aeronautical, Retail and services, Real estate • Access to a wealth of information on air traffic dynamics and changes in passenger expectations NATURAL AND REGIONAL CAPITAL • National and international intermodal hubs • Total Group energy consumption in 2024: 1,073,390 MWh, including 45% renewable energy • 96% of our suppliers are present in the regions where we operate
• Suppliers and contractors: • Group Purchasing Policy signed with all subsidiaries of the consolidated scope • Supplier CSR Charter integrated into all markets (ADP SA and Hub One) and consolidated subsidiaries (TAV Airports and AIG) FOR THE ENVIRONMENT AND THE CLIMATE • SBTi-certified decarbonisation targets for Paris hubs: 90% reduction by 2050 compared with 2019 across the entire value chain • Target of 50% carbon-neutral ground handling vehicles and equipment in Paris achieved “50% target by 2025” • Preservation and maintenance of biodiversity: Increase of 4,000 ha of grassland at our hubs, and between 25 and 30% of spaces dedicated to biodiversity for Paris hubs and zero pesticide use in Paris (since 2015, 2021 and 2024 respectively for Orly, Le Bourget and Charles de Gaulle) • Waste management at our hubs
of adapting to crises and new challenges • Extime, the world's first hospitality and retail franchise • Innovation Hub: An innovative ecosystem of start-ups, SMEs, incubators, investment funds, and more.
Making the airport a multimodal, energy hub with renewed connectivity “
REAL ESTATE Low-carbon construction policy
FOR REGIONS • Stakeholder Committee: discussions on the attractiveness of professions and employee loyalty, new energies at the hubs and the intermodality policy • Aerowork: a platform for promoting regional employment opportunities GOVERNANCE • Training of employees on best ethical and compliance practices (in 2024: ADP SA 95% / AIG 81% / TAV 83%) • 25% women on the Executive Committee
GOVERNANCE • Membership of
“
OUR LONG-TERM VISION To design a sustainable, innovative and efficient airport model, combining hospitality for all and low carbon footprint, to set the bar for aviation in the future.
OUR STRATEGIC 2025 PIONEERS ROADMAP based on 3 areas: • Regional service, thanks to a transport and energy hub • Hospitality at the service of travellers • Innovation in the design of carbon‑neutral infrastructure and operations
the Board of Directors: 6 directors appointed by the General Meeting; 5 directors proposed by the French State and appointed by the General Meeting; 1 director representing the French State; 6 directors representing employees; and 4 non‑voting directors appointed by the General Meeting
2 BUSINESS MODELS
REGULATED
UNREGULATED
FINANCIAL AND ECONOMIC CAPITAL • S&P's long-term credit rating: A- Positive outlook • A stable shareholder base: 50.6% held by the French State • NFD/EBITDA: 4.1 times higher vs. 2024
Visibility and balance
Performance
FINANCIAL PERFORMANCE • 2024 revenue: €6,158m • Growth in recurring EBITDA: +5.7% in 2024 • Proposed dividend: €3.00 per share
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HIGHLIGHTS 2024-2025
With air traffic back to pre-Covid-19 levels at Group level and for Paris-Orly Airport – Groupe ADP is consolidating its paths to success. In 2024, it pursued the targets of its “2025 Pioneers” strategic roadmap and intends to continue investing in and transforming its airports, in Paris and around the world, in order to further improve efficiency and attractiveness, while accelerating the decarbonization of its activities.
TRAFFIC DYNAMICS
INVESTMENT MOMENTUM
DECARBONIZATION DYNAMICS
By 2024, global air traffic growth reached a record level, according to IATA (1) . This dynamic has fueled traffic growth for Groupe ADP in 2024: TAV Airports and GMR Airports carried 11.5% and 9.1% more passenger numbers respectively in 2024 compared with 2023. In Paris, traffic grew more moderately. Paris-Charles de Gaulle Airport saw its traffic increase by 4.3%, and Paris‑Orly Airport by 2.6%, returning to its 2019 level. The combination of these new dynamics and the Extime strategy is reflected in the remarkable growth of our retail and service activities, with revenue per Extime Paris passenger reaching a record €32.10.
In 2024, nearly 1.1 billion
2024 marks a key milestone in the Group’s decarbonization plan: the targets set for the Paris platforms, which include a target to achieve zero net emissions across the entire value chain by 2050, were validated by the independent organization SBTi (2) in October. This validation certifies that the company’s policy to reduce greenhouse gas emissions from the Paris platforms is credible and compatible with achieving the targets of the Paris Agreement (COP21, 2015). Concerning the three Paris airports, the Group is thus committed to reducing direct emissions by 68% by 2030 and by 90% by 2035 compared with the 2019 baseline year. It is also committed to reducing stakeholder emissions by 27.5% by 2030 and by 90% by 2050.
euros were invested in airport facilities across our network. In Paris, major investments included the rehabilitation of runway 1, the installation of a deep geothermal energy system, and the opening of the Extime Exclusive reception lounges at Paris Charles de Gaulle Airport. Preparing for the future, supporting the ecological transition of the sector, adapting infrastructure to the evolution of air traffic, and supporting the performance of our airline customers entails sustaining an active investment policy. Groupe ADP plans to maintain this momentum, earmarking an investment budget of 1.4 billion euros by 2025.
#PATHS TO SUCCESS
#EPCATOTIHRSESTO SUCCESS #PAÈSTHS TO SUCCESS
363.7 M PASSENGERS GROUPWIDE IN 2024 (up 8.1% from 2023)
of which 103.4 M passengers in Paris (up 3.7% from 2023)
€1,089 M INVESTED IN 2024 (including €776 M for ADP SA) vs. €1,009 M in 2023 (including €731 M for ADP SA) 20 AIRPORTS ENLISTED in ACI’s Airport Carbon Accreditation (ACA) program ( 7 saw their rating improve and 6 achieved carbon neutrality)
(1) The international organization of airport authorities. (2) The Science-Based Targets initiative (SBTi) is a global organization that enables companies to set ambitious emission reduction targets, consistent with the latest scientific data available on the climate.
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HIGHLIGHTS 2024-2025
As a player in the environmental transition, Groupe ADP is pursuing ambitious objectives to decarbonize its activities and the sector as a whole. Concrete actions, such as reducing energy consumption, electrifying ground operations and preparing the introduction of hydrogen-powered aircraft, are all part of this plan.
NET ZERO EMISSIONS BY 2030 at Paris-Orly and Paris-Le Bourget Airports NET ZERO EMISSIONS BY 2035 at Paris-Charles de Gaulle Airport
4,000 MORE HA OF GRASSLAND at our platforms
#SUSTAINABLE AIRPORT
25% TO 30% OF SPACES on Paris platforms dedicated to biodiversity
SUSTAINABLE AIRPORT #SUSTAINABLE AIRPO #AÉROPORT #SUSTAINABLE
In the field of sustainable construction, Groupe ADP presented NOUVELL’AIRe, a center of excellence in low-carbon construction that will include a showroom and a reference library at Paris-Orly Airport. The Paris-Orly Airport for 2035 project was launched after a major consultation process that collected over 2,500 contributions. It sets out a new vision for the airport in terms of decarbonization, standards of service, and regional integration: fewer cars to reach the airport, greater comfort for passengers and employees, and more low-carbon energy produced at the airport, with no additional aircraft movements.
A sustainable airport means developing innovative solutions to reduce CO 2 emissions and integrating responsibly with the environment: promoting rail connections, optimizing energy efficiency, transforming platforms into low carbon multi-energy hubs, and building in a more efficient and sustainable way. Concrete actions were implemented this year, and the ambition to develop a new, more sustainable airport model is embodied in the Paris-Orly Airport for 2035 development project. In addition, a geothermal energy power plant is under construction at Paris-Charles de Gaulle Airport. It will provide 35% of the heating needs of the platform and will be commissioned in 2026.
ACCELERATING DECARBONIZATION WITH INVESTMENT IN LANZAJET SUPPORTING THE DEVELOPMENT OF SUSTAINABLE AVIATION FUELS
Groupe ADP is progressively transforming its airports into energy hubs, to offer electric power, sustainable aviation
fuels, and low‑carbon hydrogen. In 2024, Groupe ADP announced that it had invested in LanzaJet, an American producer of sustainable aviation fuel, that offers technology that can be deployed on a large scale to convert ethanol into fuel.
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HIGHLIGHTS 2024-2025
Groupe ADP continues to deliver a new hospitality experience to its passengers around the world. It is continuing to roll out its Extime hospitality and retail brand in exclusive areas, and several of its airports have won awards for their hospitality standards and quality of passenger service.
Paris Aéroport, the brand that informs passengers throughout their journey, continued to offer passengers access to the best of French heritage and creativity. In 2024, Extime expanded its collection of terminal shops at Paris-Charles de Gaulle Terminal 2BD and Orly 4, and opened a lounge at Almaty Airport in Kazakhstan. Experience Group, a provider of tourist experiences in the Paris region, and Private Suite, an operator of exclusive airport terminals in the United States, enabling Extime to extend its offer beyond Paris airports and boost its growth prospects in Paris and overseas. Two acquisitions stood out this year: Paris
Groupe ADP is offering a new hospitality experience, focused on excellence and passenger comfort. This level of excellence was once again crowned at the Skytrax Airport Awards 2024. For the 3 rd year running, Paris-Charles de Gaulle (ranked 6 th worldwide in the top 100) was voted “Best European Airport” and Paris-Orly Airport (30 th ) was named “Best Regional Airport in Europe”. Six of the Group’s airports won awards, including New Delhi (36 th ) “Best Airport in India and South Asia” and Medina (50 th ) “Best Regional Airport in the Middle East”. 2024, with Paris hosting the Olympic Games and Paralympics, was a year of major progress in terms of welcoming people with disabilities and making hospitality more inclusive.
#NEW HOSPITALITY EXPERIENCE
W HOSPITALITY EXPERIENCE #NEW HOSPITALI
SKYTRAX – WORLD AIRPORT AWARDS 2024 PARIS-CHARLES DE GAULLE voted “Best Airport in Europe”, for the 3 rd year running PARIS-ORLY voted “Best Regional Airport” in Europe NEW DELHI won “Best Airport in India and South Asia” award MEDINA crowned “Best Airport in the Middle East”
GROUPE ADP THREW OPEN THE DOORS TO PARIS 2024 A HISTORIC WELCOME AT PARIS‑CHARLES DE GAULLE AND PARIS‑ORLY AIRPORTS
Official partner of the Olympic Games and Paralympic Games in Paris 2024, Groupe ADP invested all its hospitality expertise in favour of the athletes, delegations, media, and spectators from all over the world. A logistics, access, and inclusivity challenge brilliantly met thanks to the support and dedication of all employees and the entire airport community who helped celebrate this global event right from the gateways to the capital, with special events and pop-up installations designed to make the once-in-a-lifetime summer a success.
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HIGHLIGHTS 2024-2025
DISCOVER OUR INTERACTIVE INTEGRATED ANNUAL REPORT 2024 AVAILABLE FROM MAY 15, 2025 ON ESSENTIEL.GROUPE‑ADP.COM
Design: Groupe ADP and
Photo credits: ©Karel Balas, ©Felipe Cantillana, ©Antoine Doyen, ©Gwen Le Bras, ©Maxime Letertre.
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