Invitation to our general meeting 2025

2024 financial performance

2024 FINANCIAL PERFORMANCE

KEY FIGURES

(in millions of euros) FY 2023 FY 2024 2024/2023 published change 2024/2023 comparable change(a)
Total Revenue Total RevenueFY 202327,608 Total RevenueFY 202427,058 Total Revenue2024/2023 published change-2.0% Total Revenue2024/2023 comparable change(a)+2.6%(g)
Of which Gas & Services Of which Gas & ServicesFY 202326,360 Of which Gas & ServicesFY 202425,810 Of which Gas & Services2024/2023 published change-2.1% Of which Gas & Services2024/2023 comparable change(a)+2.7%(g)
Operating Income Recurring (OIR)

Operating Income Recurring (OIR)

FY 2023

5,068

Operating Income Recurring (OIR)

FY 2024

5,391

Operating Income Recurring (OIR)

2024/2023 published change

+6.4%

Operating Income Recurring (OIR)

2024/2023 comparable change(a)+10.7%(h)
Group OIR Margin

Group OIR Margin

FY 2023

18.4%

Group OIR Margin

FY 2024

19.9%

Group OIR Margin

2024/2023 published change+150 bps(i)

Group OIR Margin

2024/2023 comparable change(a)

 

Variation excluding energy(b) Variation excluding energy(b)FY 2023

 

Variation excluding energy(b)FY 2024

 

Variation excluding energy(b)2024/2023 published change +110 bps(i) Variation excluding energy(b)2024/2023 comparable change(a)

 

Other Non-Recurring Operating Income and Expenses

Other Non-Recurring Operating Income and Expenses

FY 2023

(497)

Other Non-Recurring Operating Income and Expenses

FY 2024

(446)

Other Non-Recurring Operating Income and Expenses

2024/2023 published change

 

Other Non-Recurring Operating Income and Expenses

2024/2023 comparable change(a)

 

Net Profit (Group Share)

Net Profit (Group Share)

FY 2023

3,078

Net Profit (Group Share)

FY 2024

3,306

Net Profit (Group Share)

2024/2023 published change

+7.4%

Net Profit (Group Share)

2024/2023 comparable change(a)

 

Net Profit Recurring (Group share)(c)

Net Profit Recurring (Group share)

(c)
FY 2023

3,320

Net Profit Recurring (Group share)

(c)
FY 2024

3,466

Net Profit Recurring (Group share)

(c)
2024/2023 published change

+4.4%

Net Profit Recurring (Group share)

(c)
2024/2023 comparable change(a)

 

Net earnings per share (in euros) Net earnings per share (in euros) FY 20235.35(d) Net earnings per share (in euros) FY 20245.74 Net earnings per share (in euros) 2024/2023 published change+7.3% Net earnings per share (in euros) 2024/2023 comparable change(a)

 

Dividend per Share (in euros) Dividend per Share (in euros) FY 20232.90(d) Dividend per Share (in euros) FY 20243.30(e) Dividend per Share (in euros) 2024/2023 published change+13.7% Dividend per Share (in euros) 2024/2023 comparable change(a)

 

Cash flow from operating activities before changes in working capital

Cash flow from operating activities before changes in working capital

FY 2023

6,357

Cash flow from operating activities before changes in working capital

FY 2024

6,539

Cash flow from operating activities before changes in working capital

2024/2023 published change

+2.9%

Cash flow from operating activities before changes in working capital

2024/2023 comparable change(a)

 

Industrial capital expenditure

Industrial capital expenditure

FY 2023

3,393

Industrial capital expenditure

FY 2024

3,525

Industrial capital expenditure

2024/2023 published change

 

Industrial capital expenditure

2024/2023 comparable change(a)

 

Net Debt

Net Debt

FY 2023€9.2 bn 

Net Debt

FY 2024€9,2 bn

Net Debt

2024/2023 published change

 

Net Debt

2024/2023 comparable change(a)

 

Net Debt to Equity ratio

Net Debt to Equity ratio

FY 2023

36.8%

Net Debt to Equity ratio

FY 2024

33.2%

Net Debt to Equity ratio

2024/2023 published change

 

Net Debt to Equity ratio

2024/2023 comparable change(a)

 

Return on Capital Employed after tax – ROCE

Return on Capital Employed after tax – ROCE

FY 2023

9.8%

Return on Capital Employed after tax – ROCE

FY 2024

10.3%

Return on Capital Employed after tax – ROCE

2024/2023 published change

+50 bps

Return on Capital Employed after tax – ROCE

2024/2023 comparable change(a)

 

RECURRING ROCE(f) RECURRING ROCE(f)FY 202310.6% RECURRING ROCE(f)FY 202410.7% RECURRING ROCE(f)2024/2023 published change+10 bps RECURRING ROCE(f)2024/2023 comparable change(a)

 

  • (a) Change excluding the currency, energy (natural gas and electricity) and significant scope impacts.
  • (b) Taking into account the currency impact linked to the considered energy impact (electricity and natural gas).
  • (c) Excluding exceptional and significant transactions that have no impact on the operating income recurring.
  • (d) Restated to take into account the effect of free share attribution on June 12, 2024.
  • (e) Dividend proposed to shareholders for the fiscal year 2024.
  • (f) Based on the recurring net profit, see reconciliation.
  • (g) Including the contribution of Argentina for +1.9%.
  • (h) Including the contribution of Argentina for +3.9%.
  • (i) Argentina does not contribute to the operating income recurring margin.