2024 Universal Registration Document

General and financial elements

3 Consolidated Financial statements

Consolidated income statement

(in € millions) Note(s) 2024 2023
Revenue (*)

Revenue

(*)

Note(s)

1-2

Revenue

(*)

2024

71,623

Revenue

(*)

2023

68,838

Concession subsidiaries’ revenue derived from works carried out by non-Group companies

Concession subsidiaries’ revenue derived from works carried out by non-Group companies

Note(s)

 

Concession subsidiaries’ revenue derived from works carried out by non-Group companies

2024

837

Concession subsidiaries’ revenue derived from works carried out by non-Group companies

2023

780

Total revenue

Total revenue

Note(s)

 

Total revenue

2024

72,459

Total revenue

2023

69,619

Revenue from ancillary activities

Revenue from ancillary activities

Note(s)

4

Revenue from ancillary activities

2024

308

Revenue from ancillary activities

2023

267

Operating expenses

Operating expenses

Note(s)

4

Operating expenses

2024

(63,770)

Operating expenses

2023

(61,529)

Operating income from ordinary activities

Operating income from ordinary activities

Note(s)

1-4

Operating income from ordinary activities

2024

8,997

Operating income from ordinary activities

2023

8,357

Share-based payments (IFRS 2)

Share-based payments (IFRS 2)

Note(s)

30

Share-based payments (IFRS 2)

2024

(462)

Share-based payments (IFRS 2)

2023

(360)

Profit/(loss) of companies accounted for under the equity method

Profit/(loss) of companies accounted for under the equity method

Note(s)

4-10

Profit/(loss) of companies accounted for under the equity method

2024

219

Profit/(loss) of companies accounted for under the equity method

2023

111

Other recurring operating items

Other recurring operating items

Note(s)

4

Other recurring operating items

2024

97

Other recurring operating items

2023

68

Recurring operating income

Recurring operating income

Note(s)

4

Recurring operating income

2024

8,850

Recurring operating income

2023

8,175

Non-recurring operating items

Non-recurring operating items

Note(s)

4

Non-recurring operating items

2024

(68)

Non-recurring operating items

2023

(105)

Operating income

Operating income

Note(s)

4

Operating income

2024

8,783

Operating income

2023

8,071

Cost of gross financial debt

Cost of gross financial debt

Note(s)

 

Cost of gross financial debt

2024

(1,785)

Cost of gross financial debt

2023

(1,363)

Financial income from cash investments

Financial income from cash investments

Note(s)

 

Financial income from cash investments

2024

595

Financial income from cash investments

2023

469

Cost of net financial debt

Cost of net financial debt

Note(s)

5

Cost of net financial debt

2024

(1,191)

Cost of net financial debt

2023

(894)

Other financial income and expense

Other financial income and expense

Note(s)

6

Other financial income and expense

2024

(217)

Other financial income and expense

2023

(157)

Income tax expense

Income tax expense

Note(s)

7

Income tax expense

2024

(2,102)

Income tax expense

2023

(1,917)

Net income

Net income

Note(s)

 

Net income

2024

5,274

Net income

2023

5,102

Net income attributable to non-controlling interests Net income attributable to non-controlling interests

Note(s)

23.5

Net income attributable to non-controlling interests

2024

410

Net income attributable to non-controlling interests

2023

400

Net income attributable to owners of the parent

Net income attributable to owners of the parent

Note(s)

 

Net income attributable to owners of the parent

2024

4,863

Net income attributable to owners of the parent

2023

4,702

Basic earnings per share (in €)

Basic earnings per share

(in €)

Note(s)

8

Basic earnings per share

(in €)

2024

8.53

Basic earnings per share

(in €)

2023

8.28

Diluted earnings per share (in €)

Diluted earnings per share

(in €)

Note(s)

8

Diluted earnings per share

(in €)

2024

8.43

Diluted earnings per share

(in €)

2023

8.18

Consolidated comprehensive income statement

(in € millions) 2024 2023
Net income

Net income

2024

5,274

Net income

2023

5,102

Changes in fair value of cash flow and net investment hedging instruments (*)

Changes in fair value of cash flow and net investment hedging instruments

(*)
2024

(106)

Changes in fair value of cash flow and net investment hedging instruments

(*)
2023

(299)

Hedging costs

Hedging costs

2024

5

Hedging costs

2023

18

Tax (**)

Tax

(**)
2024

(7)

Tax

(**)
2023

74

Currency translation differences

Currency translation differences

2024

(134)

Currency translation differences

2023

358

Comprehensive income arising from companies accounted for under the equity method

Comprehensive income arising from companies accounted for under the equity method

2024

(8)

Comprehensive income arising from companies accounted for under the equity method

2023

(49)

Other comprehensive income that may be recycled subsequently to net income

Other comprehensive income that may be recycled subsequently to net income

2024

(250)

Other comprehensive income that may be recycled subsequently to net income

2023

102

Actuarial gains and losses on retirement benefit obligations

Actuarial gains and losses on retirement benefit obligations

2024

3

Actuarial gains and losses on retirement benefit obligations

2023

(151)

Tax

Tax

2024

(2)

Tax

2023

37

Comprehensive income arising from companies accounted for under the equity method

Comprehensive income arising from companies accounted for under the equity method

2024

(1)

Comprehensive income arising from companies accounted for under the equity method

2023

0

Other comprehensive income that may not be recycled subsequently to net income

Other comprehensive income that may not be recycled subsequently to net income

2024

(0)

Other comprehensive income that may not be recycled subsequently to net income

2023

(114)

Total other comprehensive income recognised directly in equity Total other comprehensive income recognised directly in equity2024

(250)

Total other comprehensive income recognised directly in equity2023

(12)

Comprehensive income

Comprehensive income

2024

5,024

Comprehensive income

2023

5,090

of which attributable to owners of the parent of which attributable to owners of the parent20244,767 of which attributable to owners of the parent20234,526
of which attributable to non-controlling interests of which attributable to non-controlling interests2024256 of which attributable to non-controlling interests2023564