Financial Results

Following the meeting of the Board of Directors held on the 22nd of February 2017, the Company announced that the Company’s profits for the year ended 31st December 2016 increased from €19.3 million to €21.0 million.

Increases in revenues were registered by both the Company’s aviation and non-aviation segments. The global sum of Group revenues for the year was €73,064,828, up from €66,965,843 in 2015. Aviation revenues, which grew by 10.9% to €51.5 million, are largely attributable to a new traffic milestone achieved with over 5 million guests welcomed at the airport last year.

With an increase of 5.1% to €21.6 million, the Company’s non-aviation segment also performed well, in line with its corporate strategy. A positive trend was registered across all revenue drivers within the retail and property portfolio, with an increase in contributions from SkyParks Business Centre and the airport’s retail outlets, VIP product, and parking.

The Earnings before Interest, Taxation Depreciation and Amortisation (EBITDA) of the Group increased from €35.6 million to €40.0 million.

The approved financial statements for the financial year ended 31st December 2016 can be viewed on the link here.

Further to the net interim dividend of €0.03 per share (gross €0.046154) paid, the Board of Directors is recommending the payment of a final net dividend of €0.07 per share (gross €0.107692) on all shares  settled as at close of business on Monday 10th April 2017, payable by not later than Friday 26th May 2017.

Finally, the Directors have also scheduled the Annual General Meeting of the Company for Wednesday 10th May 2017. Shareholders on the registry of members at the Central Securities Depository as at close of business on Monday 10th April 2017 shall be eligible to receive notice, attend, and vote at the Annual General Meeting and to receive a copy of the Annual Report.