Universal Registration Document 2024
6 FINANCIAL INFORMATION
GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024
3.2 Changes in the scope of consolidation 3.2.1 Main changes in the scope of consolidation in 2024 Changes in the scope of consolidation in the year are as follows: GAL AND GIL MERGER Groupe ADP now owns 45.7% of the merged company GMR Airports, compared with its previous 49% stake in GAL (see note 2 “Significant events”). MERGER OF EPIGO AND EXTIME FOOD & BEVERAGES PARIS Epigo and Extime Food & Beverage Paris, two companies operating catering services at Paris Aéroport whose capital is held by Aéroports de Paris and Select Service Partner (SSP), merged on 8 July 2024. Further to this transaction, the operations of more than one hundred points of sales at Paris Airport will be consolidated within a single entity. Extime Food & Beverage Paris, the acquirer, continues to be consolidated by Groupe ADP under the equity method. DISPOSAL OF ADP INGÉNIERIE On 15 October 2024, Groupe ADP sold 100% of the share capital of ADP Ingénierie, a subsidiary of ADP International, to Artelia, an international consulting, engineering and project management group. This disposal is consistent with Groupe ADP's business portfolio management strategy, aimed at maintaining an optimal business mix to achieve the strategic and financial performance objectives that the Group has set itself. ADP Ingénierie was responsible for most of Groupe ADP's airport engineering activities on behalf of third parties. The impact of the Covid-19 pandemic on ADP Ingénierie's business led to a restructuring of the company, involving in particular a redundancy plan and the closure of some of the company's businesses (see note 4.3). In 2024 and 2023, ADP Ingénierie and its subsidiaries reported revenue of €11 million and €16 million, respectively (revenue for 2024 corresponds to the 10 months’ of operations prior to the disposal). ACQUISITION OF PARIS GROUP EXPERIENCE AND EXTIME PS Details of these transactions are provided in note 2 Significant events.
3.2.2 Reminder of the changes in the scope for 2023 The main changes in the scope of consolidation in 2023 were as follows: SALES OF HUBSAFE AND SOGEAG SHARES In 2022, Groupe ADP and Samsic agreed to exercise the put option on the remaining 20% of the share capital of Hubsafe, a company specialised in airport security. The sale of these shares to Samsic took place at the end of March 2023. Concerning Sogéag, the company operating the airport of Guinea Conakry, the transfer of shares is effective since the beginning of April 2023. These shares, previously classified as assets held for sale in the amount of €7 million, have now been sold for a total of €12 million. CREATION OF HYDROGEN AIRPORT HELD IN PARTNERSHIP WITH AIR LIQUIDE (HYDROGEN COMPANY) AND ADP INTERNATIONAL, A WHOLLY OWNED SUBSIDIARY OF ADP SA The purpose of the Company is, in France and abroad, to carry out consulting studies on the opportunity and feasibility of setting up hydrogen distribution infrastructures in airports; to carry out engineering studies of hydrogen distribution infrastructures in airports; to invest in hydrogen distribution infrastructures in airports, and/or to operate such infrastructures. This investment is a joint venture accounted for using the equity method. ACQUISITION OF ADP IMMOBILIER LOGISTIQUE On 15 December 2023, Groupe ADP acquired all shares in ADP Immobilier Logistique through its subsidiary ADP Immobilier Industriel. The acquired company owns a courier warehouse connected to the runways, fully leased to a single occupant in the cargo area of Paris Charles de Gaulle airport. The acquired company holds an Autorisation d'occupation temporaire expiring in 2042. In accordance with IFRS 3, this acquisition has been treated as an asset purchase. The company is fully consolidated. EXTIME FOOD AND BEVERAGE PARIS Following the sale of 50% of Extime Food and Beverage Paris shares to SSP, the company is now equity accounted.
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AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024
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