Previous years results
Maximise financial performance
In the financial year 2017, the Group has registered 99.1 mln € in revenues, a 9.6% increase compared to 2016. This has been possible thanks to the positive trend of both the aviation and non-aviation revenues (mainly due to parking, retail and passenger services).
The revenue growth and the tight operating cost control have determined an EBITDA of 34.2 mln €, corresponding to a 21.3% increase compared to 2016.
The increase in passenger traffic, the positive dynamics started with the introduction of new routes, the increase of frequency of already existing ones and the actions taken to support the aviation marginalization have contributed to reach, in 2017, the consolidated net income of 16.2 mln €, 41.9% higher than 2016.
In 2017, Bologna Airport has started a project to strengthen the monitoring of actions taken to reach the main company’s targets. In order to guarantee a continuous monitoring of the strategy execution, the company has developed a corporate performance management system based on indicators, defined on the base of targets and timing of realisation.
In 2017, over 8 million passengers have travelled through Bologna Airport, an increase in 6.7% compared to 2016.
This growth is linked to the increase in traffic of legacy carriers (+ 8.6%), due to the introduction of new routes and the strengthening of the existing ones.
The number of air transport movements has increased (+3.1%), as well as the take-off weight (+2.6%) as a result of larger aircraft size. The average load factor also increased to 80.9% in 2017.
In 2017, 15.5 mln € worth of investments in maintenance and infrastructure development have been realised.
Among those, the activities related to the final design of the terminal expansion project, which will allow the extension of the departure and commercial areas, are close to be concluded.
A significant increase in non-aviation revenues has also been registered as a consequence of the increase in parking revenue (+6.2%), retail and advertising revenue (+11.1%) and service to aviation passenger revenues (+12.0%).
The group attaches high importance to the continuous improvement of service quality provided to passengers.
In this context, we highlight the increase in the Airport Service Quality indicator, which adds up to 3.79 in 2017 compared to 3.71 of 2016 and the initiatives implemented to improve the passenger experience and to strengthen airport operations. These include queuing and check-in areas optimisation, the creation of security lane for staff and the passengers’ business lounge upgrade.
The importance assigned to environmental sustainability and the respect of ethical and social principles are translated into investments in the development of the new air quality monitoring system, in the new canteen service and in the construction of a “training center”, in compliance with the new EU regulation n. 139/2014 (EASA) on safety matters.