2014 Saw 15 Per Cent Increase in Airport Profits and Record Traffic Every Single Month

  • Airport registered net profit of €16.8 million
  • Non-aviation revenues increased by 12%
  • Contribution to Government increased by 21% reaching a total of €12.2million in 2014

Malta International Airport plc has reported a net profit of €16.8 million for year ending 2014, marking an increase of 15 per cent from the year before.

The figures were confirmed in the company’s Annual General Meeting where shareholders approved a total net dividend of €0.11c per share for 2014. The airport also reported a 14.8 per cent increase in earnings per share, from €0.108 to €0.124.

The positive results are also reflected in the contribution of Malta International Airport to the Government: €12.2 million in annual taxes on income coupled with dividends from its 20 per cent shareholding in the company.

Addressing shareholders, MIA chairman Nikolaus Gretzmacher noted that the company’s strategy to increase traffic in the shoulder and winter months was working, and that its collaborated effort to make Malta an all year round destination was bearing fruit.

“The airport also managed to hit a milestone in terms of its retail and property segment. Non-aviation revenues increased by over 12 per cent in 2014 and are now contributing to an all-time high of 30 per cent of MIA’s group revenues. This was a strategic objective adopted by the Company to diversify its business model and expand beyond its aviation segment,” said Mr Gretzmacher.

In his review for the year, Chief Executive Officer Alan Borg highlighted the growth the Company registered throughout 2014 across its key financial indicators, while also presenting a detailed traffic report for last year.

“2014 was a great year for Malta International Airport and the tourism industry. As a key stakeholder, we have a responsibility to continue securing sustainable capacity, and keep investing in our product to help Malta’s tourism industry reach its full potential,” he said, outlining various investments and projects that are currently being finalised just before the peak season.

These include the expansion of the non-Schengen area, new back-up power generation systems, an extension to its security screening area and further terminal improvements.

“We are investing in projects that will not only increase capacity at the airport but also lead to a better experience for our customers,” he said.

Mr Borg also noted that in 2014 MIA was awarded an impressive fourth place in the Airport Council International’s Best Airport by Region Category in its 2014 Airport Service Quality (ASQ) surveys.

He concluded that the aim for the coming year was to keep improving the facilities offered across the Airport so as to continue offering the best service to its customers and achieving top awards in Europe.

Following the AGM and for the forthcoming year the following directors were confirmed in office Nikolaus Gretzmacher, Yousef Sabeh, Cory Greenland, and Karl Dandler as non-Executive Directors; CEO Alan Borg, and Deputy CEO & CFO Austin Calleja as Executive Directors.

Marketing & Brand Development

20 May 2015

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