Following the meeting of the Board of Directors held on the 21st of February 2018, the Company announced that the Company’s profits for the year ended 31st December 2017 increased from €21.0 million to €24.2 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 €82,369,154 up from €73,064,828 in 2016. Aviation revenues, which grew by 14.6% to €59.0 million, are largely attributable to a new traffic milestone achieved with over 6 million passenger movements recorded at the airport last year.
With an increase of 8.3%to €23.4 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, particularly in contributions from SkyParks Business Centre and the airport’s retail outlets.
The Earnings before Interest, Taxation Depreciation and Amortisation (EBITDA) of the Group increased from €40.0 million to €48.6 million.
The approved financial statements for the financial year ended 31st December 2017 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 Friday 6th April 2018, payable by not later than Friday 25th May 2018.
Finally, the Directors have also scheduled the Annual General Meeting of the Company for Tuesday 8th May 2018. Shareholders on the register of members at the Central Securities Depository as at close of business on Friday 6th April 2018 shall be eligible to receive notice, attend, and vote at the Annual General Meeting and to receive a copy of the Annual Report.