Balance Sheet Press Conference 2006: Berlin Airports increases profitability02.04.2007
“Berlin Airports has displayed strong growth, and 2006 was a very successful year,“ stated Dr. Schwarz. “What is so remarkable about these results is that our business growth is significantly higher than traffic growth. Our EBITDA increased twice as much as our passenger numbers. This shows that we have become more profitable and competitive.”
Schwarz credited this strong performance to the consistent and systematic application of the Group’s corporate strategy: “in addition to our traditional core business, which is operating our airports, facilities and terminals, we also focused stringently on developing additional sources of income. These are primarily Non-Aviation and Real Estate. At the beginning of the year we restructured Berlin Airports, thus creating the conditions required for further strong growth.”
Dr. Schwarz continued: “Our excellent progress in 2006 creates a rock-solid basis for BBI. By systematically increasing sales revenues, applying rigorous cost discipline and continually enhancing and honing our efficiency we succeeded in generating €103.6 million in 2005 and 2006 as FBS’s contribution towards the cost of BBI. This is 24 per cent of the total €440 million which we will be investing in the project. In order to reach this goal we will be stepping up our efforts in the coming years and aim to become even more efficient.”
Dr. Schwarz also gave a brief overview of the main events in 2006, singling out the court ruling on BBI passed down by the Federal Administrative Court and the start of construction for BBI as playing a crucial role in shaping the future of Berlin Brandenburg as a major air traffic site. “Our task now is to build a modern, high-performance airport which will secure the competitiveness of the Berlin-Brandenburg region in the face of the challenges and requirements thrown up by globalisation. Without the effective air traffic infrastructure provided by BBI we would not be able to achieve these aims.”
In keeping with this target, Berlin Airports invested €114.7 million, which represents the major proportion of its 2006 investment budget, in building BBI. The total investment volume in 2006 was €138.7 million, which is a 24 per cent increase on the prior year.
In 2007 Berlin Airports expects passenger numbers to increase to 19 million. In the first three months of the year Berlin Airports successfully continued its passenger growth, counting 4.16 million passengers. This is an increase of 290,000 (=7.5 per cent) on the same period last year.
At its three sites Schoenefeld, Tegel and Tempelhof, Berlin Airports has 1,510 employees and 79 trainees in a wide variety of commercial, technical and trade professions.