Route traffic and terminal up respectively by 7,4% and 5,4% in terms of service units compared to the first half of 2018. Consolidated revenues at 417,3 million euros (+1,5% compared to the first half of 1) driven by revenues from operating activities an increase of 2,9% to 429,2 million euros. EBITDA consolidated to 115 million euros (+3,2% compared to the first half of 1). Net income consolidated to 34,1 million euros (+3,4% compared to the first half of 1). These are the key figures of the Enav half-yearly report approved by the Board of Directors.
In particular, notes the release of the company that controls air traffic in Italy, Italy is confirmed, also in the first half of 2019, as the country with the highest air traffic growth rate among the main European countries: France +4,5%, Germany +2,6%, Great Britain +3,3%, Spain +6,3%. Significantly increases – + 9,5% – overflight traffic (flights that cross national airspace without landing/taking off from Italian airports). The positive trend of international traffic is confirmed, both in connections with European countries and towards non-EU countries, and a renewed interest in national routes, especially those connecting the North and South of the country, which suffer less from competition with high-speed trains. More generally, the trend of traffic volumes is good in strategic geographical areas for crossing national airspace such as North-West Europe (Spain, Germany, France, Great Britain) and the area of the countries of the Mediterranean basin (Turkey, Malta, Israel, Egypt and Tunisia).
Net financial debt stood at 38,5 million euros, an increase of 36,6 million euros, compared to the figure recorded as at 31 December 2018. With these numbers, the company confirms the guidance provided in March 2019 on net revenues stable or low single-digit growth, due to the reduction in the regulated rate in a context of traffic growth, and an EBITDA margin of around 32%. Investments in 2019 they will be in the order of 115-120 million euros, lower than the guidance of 125 million euros previously provided, mainly due to the effect of better economic conditions obtained on purchases. The society confirms guidance on dividend for 2020, relating to the 2019 financial year, up 4% compared to the previous year, in line with the dividend policy approved and communicated to the market.
“Despite the constant growth in traffic, the professional quality of our people and investments in technology have allowed us to manage these volumes with high levels of punctuality and providing, once again, one of the best operating performances in Europe”, he comments with satisfaction for CEO Roberta Neri.
