references
INNOVATING TO MAKE YOU PREFER PARIS
INNOVATING TO CARRY YOU FURTHER
INNOVATING TO RECONCILE GROWTH AND RESPONSIBILITY
OUR 2014 RESULTS
SEVERAL FACTORS ENABLED US TO ACHIEVE OUR 2015 EBITDA OBJECTIVE A YEAR EARLY AND TO REPORT SHARPLY HIGHER NET INCOME: THE INCREASE IN EUROPEAN AND INTERNATIONAL TRAFFIC, GOOD PERFORMANCE FROM REAL ESTATE AND RETAIL BUSINESSES, CONTROL OF EXPENSES, AND A GROWING CONTRIBUTION FROM ASSOCIATES.
REVENUE
in millions of euros Total revenue was boosted by growth in revenue from aeronautical activities, up 1.6% at €1,671 million; retail and services, up 0.7% at €949 million (with revenue per passenger up by 3.0% at €18.20); and real estate revenue of €264 million.
+1.3%
2,754 2,791
EBITDA(2)
in millions of euros Growth in EBITDA was driven by the higher top line amid controlled growth in operating expenses.
+3.4%
1,072 1,109
2013(1)
2014
2013 (1)
2014
OPERATING INCOME FROM ORDINARY ACTIVITIES(3)
in millions of euros The momentum in EBITDA plus a 71.6% increase in the Group’s share in the earnings from the operating activities of associates to €73 million, after adjustments related to new investments, drove the increase in operating income from ordinary activities.
+8.8%
677 737
NET INCOME ATTRIBUTABLE TO THE GROUP
in millions of euros Net income attributable to the Group was up significantly.
+33.3%
302 402
2013 (1)
2014
2013 (1)
2014
SHAREHOLDER EQUITY
in millions of euros Shareholder equity increased by €178 million.
+4.68%
3,802 3,980
NET DEBT
in millions of euros Net financial debt was €2,805 million. The net debt ratio was 70% at the end of 2014, compared to 79% at the end of 2013.
–6.9%
2,999 2,805
2013
2014
2013
2014
(1) Pro forma. (2) Operating income from ordinary activities (including the operating activities of associates) plus depreciation and provisions for impairment of non-current assets, net of reversals. (3) Operating income before non-recurring items, including the Group share of income from the operating activities of associates.
50
