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04. Financial Performance
Athens International Airport managed to deliver outstanding a marginal drop of 0.3%, from €420.7 million to €419.5
financial results during a very challenging year for the aviation million. Chart 4.1 shows the revenue breakdown.
sector. The company recorded Profit before Tax of €264.5
million compared to €149.4 million in 2008. Of course, a Chart 4.1
decisive factor for this annual exceptional performance is 2009 Revenue Structure
attributed to a positive special effect related to the release
of impairment provisions recorded in previous years and the IT&T 2.4%
recognition of interest revenues. However, even excluding
this once-off extraordinary income, AIA managed to sustain PROPERTY 9.6% AERONAUTICAL
high profits, supported by the reinforced cost control that CHARGES 43.2%
was applied by management in 2009. The following section
provides a review of the company’s financial performance CONSUMERS
in 2009. For a better comparison of the revenue, interest 16.4%
and performance indicators development versus prior
year, relevant figures for 2009 were adjusted for the GROUND HANDLING
extraordinary income. & AIRSIDE
Operating Revenues & ADF CONCESSIONS 11.6%
In 2009, AIA’s operating revenues, inclusive of the company’s ADF 16.5%
share from the Airport Development Fund (ADF), showed
Athens International Airport managed to deliver outstanding a marginal drop of 0.3%, from €420.7 million to €419.5
financial results during a very challenging year for the aviation million. Chart 4.1 shows the revenue breakdown.
sector. The company recorded Profit before Tax of €264.5
million compared to €149.4 million in 2008. Of course, a Chart 4.1
decisive factor for this annual exceptional performance is 2009 Revenue Structure
attributed to a positive special effect related to the release
of impairment provisions recorded in previous years and the IT&T 2.4%
recognition of interest revenues. However, even excluding
this once-off extraordinary income, AIA managed to sustain PROPERTY 9.6% AERONAUTICAL
high profits, supported by the reinforced cost control that CHARGES 43.2%
was applied by management in 2009. The following section
provides a review of the company’s financial performance CONSUMERS
in 2009. For a better comparison of the revenue, interest 16.4%
and performance indicators development versus prior
year, relevant figures for 2009 were adjusted for the GROUND HANDLING
extraordinary income. & AIRSIDE
Operating Revenues & ADF CONCESSIONS 11.6%
In 2009, AIA’s operating revenues, inclusive of the company’s ADF 16.5%
share from the Airport Development Fund (ADF), showed
