Résultats annuels 2024 - Groupe ADP (en anglais)

Rec. EBITDA up +5.7% to €2,068M, in spite of the new infra. tax

In €M

Segments impacted by the infrastructure tax

2024

2023

Change

In million euros

2,068

8

Revenue

6,158

5,495 +12,1%

51

Operating Expenses

(4,213)

(3,597) +17.1%

7

(920)

(837)

+9.9%

Consumables

(131)

124

53

1,956

(1,511)

(1,310)

+15.3%

External services

(1,259)

(1,055)

+19.6%

Employee benefit costs

(411)

(265)

+55.1%

Taxes (other than income tax)

of which infrastructure tax

(131)

-

n.s.

EBITDA growth excl. infra tax

(109)

(130) (16.2)%

Other operating expenses

2024 Rec. EBITDA

Other activities

Aviation

Retail & Services

Real Estate

Intl. & airport dev.

2023 Rec. EBITDA

Infra tax

123

58 +112.1%

Other incomes and expenses

Rec. EBITDA

2,068

1,956 +5.7%

Opex increasing +17.0%, reflecting expected effects, including:

◆ Introduction of the infrastructure tax applying to ADP SA for €131M in 2024

◆ Continued efforts in hospitality and quality of service, notably to welcome the Paris Games (€41M expenses, partly offset below by a provision reversal) and to partner with the Olympic committee (€17M, fully offset in revenues) ◆ Staff costs evolution driven by TAV Airports (+€135M) due to salary increases amid strong inflation in Turkey, and by ADP SA (+€49M) linked to salary measures and recruitments (+204 FTEs) Other incomes and expenses up +106.1% (+€62m), due to a provision reversal related to Olympics expenses (+€25m) and the return of some real estate assets in full ownership in Paris (+€26m)

FY 2024 RESULTS - GROUPE ADP

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