New passenger record, new long-haul routes, increased profitability

17.12.07 09:49
19-millionth passenger welcomed / Sales increase to 240 million euros / Tegel and Schoenefeld build a springboard for BBI
"The year 2007 will go down as the most successful year in the history of Berlin Airports", said Dr. Rainer Schwarz, CEO of Berlin Airports, in his end-of-year review at Tegel Airport: "Passenger figures will reach an all-time high at 19.9 million. Sales are increasing by 10 per cent to around 240 million euros, EBITDA by 13 per cent, making Berlin Airports more profitable."

New passenger record

Berlin Airports today welcomed its 19-millionth passenger in 2007. Prof. Dr. Christoph Meinel, Director of the renowned Hasso Plattner Institute in Potsdam, flew with Lufthansa. By the end of the year, Berlin Airports is expecting a year-on-year increase of 7.5 per cent with around 19.9 million passengers.

The driving force behind this year's growth is Tegel Airport with an increase in passenger figures of around 12 per cent. 13.2 million passengers are expected to pass through Berlin's busiest airport in 2007. Schoenefeld is growing by 3 per cent to around 6.3 million passengers. 350,000 passengers took off and landed at Tempelhof Airport, almost 50 per cent less than last year.

Success on long-haul routes

Berlin Airports used 2007 to further improve its intercontinental flight offerings. Since November, LTU has been operating three flights a week to Bangkok, has increased flight offerings to the Caribbean and set up a long-haul Airbus base in Berlin. With 132 flight destinations in Germany and Europe, Berlin Airports now has the third-largest offering amongst all German airports.

Dr. Rainer Schwarz: "The airport location Berlin has reached a new level of quality. Compared to the rest of the industry right now, Berlin Airports is highly diversified: we are recording substantial growth not only in long-haul flights, but also in traditional and low-cost carriers. Berlin has consolidated its position as the third-largest airport location. We are growing at a rate of 30 per cent faster than the average German airport."

Increased profitability

Berlin Airports has also become more successful in 2007 in terms of profitability. Sales have increased by 10 per cent to around 240 million euros. At 63 million euros, EBITDA (earnings before interest, taxes, depreciation and amortisation) is up 13 per cent on 2006. Berlin Airports has thus become more profitable.

Dr. Rainer Schwarz: "The positive economic development of Berlin Airports surpasses the target figures outlined in our financial planning in line with the Focus 440 programme. With around 170 million euros, we have already generated almost 40 per cent of equity financing for BBI."

Building progress on the Capital Airport BBI

2007 was the year of the first major construction work on BBI. The first construction projects were completed on schedule, e.g. work on the Railway Construction 262, linking the taxiway system to the future BBI north runway and the initial operation of the new substation. The BBI concrete factory was expanded for the first time in summer 2007. The biggest construction site is currently the construction of the underground railway station.

Dr. Rainer Schwarz: "One year after the official start of construction work and the BBI construction site is unrecognisable: cranes are turning, diggers are rolling, concrete is flowing. The newly opened BBI Infotower transforms the construction site into a showplace."

Outlook 2008

In 2008, Berlin Airports will continue to focus on BBI. As of May 2008, completion of the (new) motorway A113 will shorten the journey time from Berlin city centre to Schoenefeld Airport by several minutes. The first step towards concentrating air traffic at one location sees the closure of Tempelhof Airport in October. Without the losses incurred by operating Tempelhof, Berlin Airports will continue to pursue its profitable course of success.

Dr. Rainer Schwarz, CEO of Berlin Airports: "Berlin Airports is on the right track: with the successful development of the airports Tegel and Schoenefeld, we are building a springboard for BBI."

Hannes Stefan Hönemann

Hannes Stefan Hönemann Head of Corporate

+49 30 6091-70100

Daniel Tolksdorf

Daniel Tolksdorf Spokesperson

+49 30 6091-70100

Kathrin Westhölter

Kathrin Westhölter Spokesperson

+49 30 6091-70100