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Eiffage S.A. — Earnings Release 2025
Jul 29, 2025
1275_iss_2025-07-29_ecb7ec52-f7c2-4f09-b127-1ed05e5fd0eb.pdf
Earnings Release
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Press release
APRR revenue and traffic for the 1 st semester 2025
1 st semester 2025
Consolidated revenue
| in millions of euro | H1 2024 | H1 2025 | Variation (%) 2025/2024 |
|---|---|---|---|
| Toll revenue APRR and AREA | 1,413.3 | 1,464.6 | +3.6% |
| Revenue from retail facilities, telecommunications and other for APRR and AREA |
64.2 | 64.1 | -0.2% |
| Subtotal revenue APRR and AREA | 1,477.4 | 1,528.6 | +3.5% |
| Revenue Aliaé (A79) Of which from commercial facilities |
23.4 5.3 |
26.5 6.1 |
+13.3% |
| Revenue excluding Construction | 1,500.8 | 1,555.1 | +3.6% |
| Construction revenue (Ifric 12)* | 105.5 | 62.6 | nm |
APRR's consolidated revenue excluding Construction amounted to €1,555.1 million in the first half of 2025, compared with €1,500.8 million in the first half of 2024, an increase of 3.6% (+13.3% for Aliaé (A79)).
Traffic
| APRR and AREA networks | ||||
|---|---|---|---|---|
| in millions of kilometers travelled | H1 2024 | H1 2025 | Variation (%) 2025/2024 |
|
| Light vehicles | 10,074 | 10,334 | +2.6% | |
| Heavy goods vehicles | 2,008 | 2,019 | +0.5% | |
| Total | 12,082 | 12,353 | +2.2% |
| Aliaé network (A79) | |||
|---|---|---|---|
| in millions of kilometers travelled | H1 2024 | H1 2025 | Variation (%) 2025/2024 |
| Light vehicles | 130.3 | 149.1 | +14.4% |
| Heavy goods vehicles | 73.1 | 78.1 | +6.8% |
| Total | 203.5 | 227.2 | +11.7% |
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2nd quarter 2025
Consolidated revenue
| in millions of euro | Q2 2024 | Q2 2025 | Variation (%) 2025/2024 |
|---|---|---|---|
| Toll revenue APRR and AREA | 740.5 | 765.0 | +3.3% |
| Revenue from retail facilities, telecommunications and other for APRR and AREA |
35.8 | 34.2 | -4.6% |
| Subtotal revenue APRR and AREA | 776.3 | 799.2 | +3.0% |
| Revenue Aliaé (A79) | 12.8 | 14.2 | +11.3% |
| Of which from commercial facilities | 3.0 | 3.4 | |
| Revenue excluding Construction | 789.0 | 813.4 | +3.1% |
| Construction revenue (Ifric 12)* | 82.7 | 43.3 | nm |
APRR's consolidated revenue excluding Construction amounted to €813.4 million in the second quarter of 2025, compared with €789.0 million in the second quarter of 2024, an increase of 3.1% (+11.3% for Aliaé (A79)).
Traffic
| APRR and AREA networks | ||||
|---|---|---|---|---|
| in millions of kilometers travelled | Q2 2024 | Q2 2025 | Variation (%) 2025/2024 |
|
| Light vehicles | 5,334 | 5,522 | +3.5% | |
| Heavy goods vehicles | 1,017 | 1,018 | +0.0% | |
| Total | 6,351 | 6,540 | +3.0% |
| Aliaé network (A79) | ||||
|---|---|---|---|---|
| in millions of kilometers travelled | Q2 2024 | Q2 2025 | Variation (%) 2025/2024 |
|
| Light vehicles | 74.2 | 86.1 | +16.0% | |
| Heavy goods vehicles | 38.6 | 39.8 | +3.1% | |
| Total | 112.8 | 125.9 | +11.6% |
Highlights
On May 19, 2025, APRR successfully placed a new €0.5 billion bond issue due January 2031 with a coupon of 2.875%.
(*) Reminder: the application of Ifric 12 from 1 st 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.