In 2024, we welcomed almost 364 million passengers across our airport network, 8.1% more than in 2023. In Paris, traffic was up by 3.7% to 103 million passengers, and the Retail and Services business continued to deliver outstanding growth, driven by record-high spend per pax at Extime Paris of €32.1. Groupe ADP is once again reporting strong financial metrics. All its 2024 objectives have been met. Consolidated revenue rose by 12.1% to an all-time high of €6.2 billion. Recurring EBITDA topped €2 billion for the first time, climbing 5.7% despite the introduction of the long-distance transport infrastructure tax in France in 2024. The fall in net attributable income is due to a one-off accounting impact that will not recur in 2025. In line with our payout policy, a dividend of €3 per share will be proposed for approval at the next Annual General Meeting. 2025 marks 80 years since the Company was founded. Our strengths and solid teams stand us in good stead for the future. The foundation laid by the Pioneers 2025 strategic roadmap should now enable us to accelerate the Group's transformation. We intend to increase our investment in infrastructure, underpinned by a long-term vision. This is essential for Paris Aéroport, where we are partnering the sector's ecological transition, adapting our infrastructure to the evolving nature of air traffic, and supporting the performance of our airline customers. I want to unite all airport and regional stakeholders around a common project set to forge a new industrial and human dynamic. It’s with this in mind that we are launching work to prepare for a new Economic Regulation Agreement. Implementation of this agreement at the beginning of 2027 will enhance visibility and heighten the need to deliver operational performance. Our two other priorities will be securing the financial contribution of our international activities along with the development of the Extime model – both in Paris and internationally. Within this framework, Groupe ADP will be able to leverage its organic growth and financial discipline to ensure the balanced allocation of its capital, including an unchanged dividend payout policy representing 60% of net attributable income. We confirm our financial targets for 2025. The outlook for 2026, as the year leading up to the launch of an Economic Regulation Agreement envisaged for 2027, will be determined as part of our preparations for the public consultation. I am determined to carry out my duties with an open mind and a concern for the long term.
Philippe Pascal,
Chairman and Chief Executive Officer