Page 24 - Annual_Report_2016
P. 24
CHAPTER 4
FINANCIAL
PERFORMANCE
Year 2016 marked a new record both in traffic and financial performance.
Athens Airport reached the milestone of 20 million passengers, experiencing
significant traffic growth for a third year in a row while continuing its
profitable path. Growth in operating performance managed to offset
structural changes in the cost structure, such as the contractual increase
in grant of rights fee paid to the Greek State and the increase in indirect
taxes, and other extraordinary items. In 2016 the Airport Company recorded
Profit Before Tax of €189.1 million, increased by €9.2 million compared to
2015. The following section provides an overview of the company’s financial
performance in 2016.
2016 Revenue Structure
For 2016 AIA’s revenues, inclusive of the company’s share from the Airport Development Fund (ADF), showed
an increase of 7.1% and rose from €403.4 million in 2015 to €432.2 million. The following chart shows the
revenue breakdown.
50
40
30
20
10
44.5% 19.3% 12.2% 15.0% 7.1% 1.8% 0.3%
0 ADF GROUNDHANDLING CONSUMERS PROPERTY IT&T OTHER
AERONAUTICAL & AIRSIDE
CHARGES
CONCESSIONS
24
FINANCIAL
PERFORMANCE
Year 2016 marked a new record both in traffic and financial performance.
Athens Airport reached the milestone of 20 million passengers, experiencing
significant traffic growth for a third year in a row while continuing its
profitable path. Growth in operating performance managed to offset
structural changes in the cost structure, such as the contractual increase
in grant of rights fee paid to the Greek State and the increase in indirect
taxes, and other extraordinary items. In 2016 the Airport Company recorded
Profit Before Tax of €189.1 million, increased by €9.2 million compared to
2015. The following section provides an overview of the company’s financial
performance in 2016.
2016 Revenue Structure
For 2016 AIA’s revenues, inclusive of the company’s share from the Airport Development Fund (ADF), showed
an increase of 7.1% and rose from €403.4 million in 2015 to €432.2 million. The following chart shows the
revenue breakdown.
50
40
30
20
10
44.5% 19.3% 12.2% 15.0% 7.1% 1.8% 0.3%
0 ADF GROUNDHANDLING CONSUMERS PROPERTY IT&T OTHER
AERONAUTICAL & AIRSIDE
CHARGES
CONCESSIONS
24
