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Eiffage S.A.
Earnings Release • Apr 19, 2022
1275_10-q_2022-04-19_fd59e003-551e-458b-a368-fbba3367c07f.pdf
Earnings Release
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Vélizy-Villacoublay, 19 April 2022 17:45
Press release
APRR revenue and traffic for the 1st quarter 2022
At 31 March 2022
Consolidated revenue
| At | At | At | % change | % change | |
|---|---|---|---|---|---|
| in millions of euro | 31/03/2019 | 31/03/2021 | 31/03/2022 | 2022/2021 | 2022/2019 |
| Toll revenue | 586.1 | 515.5 | 625.2 | +21.3% | +6.7% |
| Revenue from retail facilities, telecommunications and other |
16.3 | 16.1 | 27.8 | +73.1% | +71.3% |
| Revenue excluding | 602.3 | 531.6 | 653.1 | +22.9% | +8.4% |
| Construction | |||||
| Construction revenue (Ifric 12)* | 76.4 | 45.2 | 46.2 | ns | ns |
Excluding Construction, APRR's consolidated revenue totalled €653.1 million for the 1st quarter 2022 versus €531.6 million for the 1st quarter 2021, representing an increase of 22.9% and of 8.4% compared to 2019.
Starting in April 2021, revenue from commercial facilities includes APRR's share of revenue from areas operated under the Fulli brand.
Traffic
| Total network | |||||||
|---|---|---|---|---|---|---|---|
| in millions of km travelled | At 31/03/2019 |
At 31/03/2021 |
At 31/03/2022 |
% change 2022/2021 |
% change 2022/2019 |
||
| Light vehicles | 4,521 | 3,585 | 4,655 | +29.8% | +3.0% | ||
| Heavy goods vehicles | 988 | 967 | 1,016 | +5.1% | +2.9% | ||
| Total | 5,509 | 4,552 | 5,671 | +24.6% | +2.9% |
Overall traffic measured by total kilometres travelled increased by 24.6% for the 1st quarter 2022 compared to the previous year and is 2.9% above that of 2019.
Light vehicle traffic was up 29.8% over the quarter, heavy goods vehicles traffic progressed by 5.1%.
As a reminder, traffic of the 1st quarter of 2021 was impacted by the closure of the ski lifts of the ski resorts.
Tariffs
Tariffs are subject to an annual revision contractually agreed with the French State. This year for APRR and AREA, it has led to an average increase of respectively 2.05% and 2.06% for light vehicles toll category from 1st February 2022.
(*) Reminder: the application of Ifric 12 from 1 January 2009 requires the recognition of revenue generated by Construction activities, which corresponds to infrastructure construction services performed by the concession operator for the account of the concession grantor, this work being entrusted to third parties and recognised using the percentage of completion method.
Investor relations Xavier Ombrédanne Tel.: + 33 (0)1 71 59 10 56 E-mail: [email protected] Press contact Sophie Mairé Tel.: + 33 (0)1 71 59 10 62 E-mail: [email protected]