2012 press briefing on annual results - Core business success: passenger figures and sales revenues in the plus

13.06.13 14:47
Record high of more than 25 million passengers in 2012 / Berlin outpaces the market for the tenth year in a row / Number two in Germany for the first time for direct traffic / Slight increase in revenues / The next steps on the way to bringing BER into operation

The airport company can look back on a successful 2012 in terms of core business: a total of 25.3 million passengers took off and landed in the airports Schönefeld and Tegel. The airport location thus maintained its position in third place in Germany while clearly outpacing the market at 5.1 per cent. In terms of passengers flying directly to and from Berlin, the capital even managed to outstrip Munich Airport for the first time.

Hartmut Mehdorn, Chief Executive Officer of Flughafen Berlin Brandenburg GmbH: 'Schönefeld and Tegel are running successfully. This is demonstrated by the growing number of passengers and increasing sales revenues. We have been growing faster than the average German commercial airport for the past ten years. A trend that is continuing in the early part of 2013.'

Improved long-haul offerings

Numerous long-haul destinations are available directly from Berlin. The 2013 summer flight schedule sees 47 aircraft depart for Abu Dhabi, Beijing, Chicago, Doha, Los Angeles, Miami, New York, Newark, Punta Cana, Ulan Bator and Varadero. The previous summer flight schedule featured only 41 departures per week and ten years ago, only nine.

Passenger growth continues in 2013

Between January and May 2013, Schönefeld and Tegel Airport welcomed almost 10 million passengers; 3.8 per cent more than in the same period the previous year. Berlin is thus continuing to grow against the market trend. On average, the German airports recorded a drop in passenger figures of 1.2 per cent in the first five months of the year.

2012 annual financial statements

Sales revenues rose slightly last year by three per cent to EUR 270 million. This was due to higher revenues in Aviation (2012: EUR 184 m, 2011: EUR 178 m). In contrast, Non-Aviation revenues fell slightly from EUR 47 million to EUR 45 million in 2012. As in the previous year, the Real Estate segment generated sales revenues of EUR 29 million. Additional revenue was generated by Services and Other business in the amount of EUR 12 million. Total current expenditure rose in 2012 to EUR –382 million (2011: EUR –287 m), mainly due to an increase in loan loss provisions and the beginning of lease payments for multi-storey car parks and other third-party investment properties at BER. Added to this is higher interest expense, as further loans had to be taken out for the construction of BER. This resulted in a net loss of EUR 185 million. At EUR 58 million, EBITDA was down on the previous year (EUR 86 m) by around one-third.

Heike Fölster, Chief Financial Officer at Flughafen Berlin Brandenburg GmbH: 'The consolidated financial statements clearly reflect a difficult 2012. The increase in fixed assets shows that the first few months of the year leading up to the delay in the opening of the new Berlin Brandenburg Airport were characterised by a high level of building activity. However, although revenues are in the plus, we could have achieved a much higher level of income at BER. Higher expenses and interest payments also led to a negative annual result.'

SPRINT: our path to BER

Following repeated delays in the opening of Berlin Brandenburg Airport in 2012, the airport company is focusing on getting BER effectively up and running as quickly as possible. In order to achieve this goal, the fast-track project SPRINT was initiated, headed by the CEO. SPRINT pools together all operational tasks relating to BER – from unfinished building work and approvals to trial runs and the opening of the airport. A Project Management Office (PMO) on site coordinates and oversees all SPRINT activities. Management and executives of Flughafen Berlin Brandenburg GmbH collaborate closely with external experts and a large number of module managers on the speedy, secure opening of BER.

Uwe Hörmann, Head of Planning and Strategy at Flughafen Berlin Branden-burg GmbH: 'Our main concern is that decisions are made swiftly, gradually bringing us closer to our goal of putting BER into operation. We have there-fore split the tasks at hand into manageable work packages. Gradually opening BER by moving cargo from SXF to BER or the early operation of the north pier will bring about a significant practice effect and at the same time minimise the operational risks associated with full-scale operation.

The first step towards opening BER is the urgently required clean-up of the construction site. As of yesterday, the approach to the terminal is clear and all unnecessary site fences and containers are being removed. No more than 250 of the 750 containers on site will remain, the 19 construction site areas will be reduced to two, half of the 180,000-square-metre building site has already been cleared and only 30,000 square metres will remain. The next step will be to complete the basic infrastructure, i.e. the multi-storey car parks, train station and fire stations. The official opening of the BER cargo centre is scheduled for 3 July, with relocation and operations starting in August.

Hartmut Mehdorn, Chief Executive Officer of Flughafen Berlin Brandenburg GmbH:  'By September, we will have a schedule of the airport opening date, costs and strategy.'

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