ADP returns to the "halcyon days" of pre-Covid growth

With the resumption of traffic in 2023, the ADP Group is back in good financial health. And it expects to return to the good old days of growth before the Covid crisis...
Terminal 2D at Roissy CDG (Photo: LC)

In its recent presentation of annual results, the ADP group indicated that it was approaching its 2019 traffic level in Paris and exceeding it at its airports outside France.

The Group therefore expects to progressively return to growth rates close to those seen before the Covid-19 crisis. For Augustin de Romanet, Chairman and Chief Executive Officer, " The ADP Group had a very good year in 2023, with more than 336 million passengers handled across our network of airports, including almost 100 million at Paris Airport.Paradigm shift in traffic growth

According to ADP management, the traffic assumptions for Paris show annual growth of +3.5 % to +5.0 % in 2024 and +2.5 % to +4.0 % in 2025. The Group is expected to achieve annual growth of more than +8.0 % in 2024.

Taking decarbonisation objectives into account, ADP anticipates a gradual normalisation of passenger traffic in Paris. Le average annual growth rate would be 1% to 1.5 % per year over the period 2024-2050. It would therefore be slightly lower than before the pandemic.

But the added value of the passenger would be higher, traffic is becoming increasingly international, particularly intercontinental. ADP expects the more rational use of aircraft - in particular the use of other means of transport for short and medium-haul journeys - to contribute to a natural decline in the share of short and medium-haul flights in favour of international flights (outside Europe).

2024, an exceptional year

According to Augustin de Romanet, 2024 will be an exceptional year. " 2024 will be a historic year for all ADP Group employees. We will be celebrating 50 years of Paris-Charles de Gaulle airport in March, inaugurating the arrival of line 14 to Paris-Orly airport in June, as well as the renovated commercial area of Terminal 2A-C. Above all ne will be opening the door to the Olympic and Paralympic Games this summer. Our airports will be the first and last image of our country: we will live up to our responsibility. he said.

However, the Group expects neutral effect of the Olympic Games on passenger traffic volumes in Paris in 2024. In fact, the increase linked to sporting events could result in a drop in other traffic, as some foreign visitors may choose to postpone their visit to the capital.

On the bad news side for passengers, ADP has announced an increase in fees by +4.5 % on average. It will partly compensate the introduction of the new tax applicable to major transport infrastructure in France. Tax, which the government decided to introduce last year for the 2024 budget. The increase in fees should therefore be reflected in ticket prices.

Orly, a sustainable airport

Finally, at the end of February, ADP will submit to the public its "Paris-Orly 2035" development project. Its aim is to meet the demand for air transport while ensuring the long-term viability of the sector. transforming the hub into a low-carbon, responsible airport. The project is based on annual growth of less than 1% between 2023 and 2035. It has several objectives.

- The decarbonising and decongesting access routes to the airport hub with a priority given to public transport and "soft" mobility.

- The development of low-carbon energy production by creating an "energy hub". It will enhance Orly's biodiversity.

- L'improving service quality offered to passengers and airlines. It provides for a better dimensioning of the boarding area and a more efficient airside system, without creating additional aircraft positions.

- The deployment of a real estate offer that complements the orientations of the southern Ile-de-France region.