Results

Building a better future together, staring with better performance

The completely renovated Milan Malpensa has reclaimed its role as a major intercontinental airport.

2017 is a watershed moment. The turnaround that began in 2015, returning Milan Malpensa to the role of intercontinental airport for Northern Italy, has resulted in a completely renovated airport that has welcomed back AirFrance and KLM, after 8 years of absence, and opened its doors to Ryanair. Such results give the resources we need to plan and implement a concrete strategy aimed at developing synergistically with our partners.

Today, we have the resources to implement a concrete sustainable development strategy.

The development path we have committed to integrates the essential objectives of making investments in knowledge skills, of safeguarding the well-being of our people and of protecting and promoting the territories in which we operate. This is an important and critical development path that we undertake together with all partners that participate in our business and benefit from our services.

HIGHLIGHTS

OPERATING RESULTS (in Euro thousands)	Year 2017	Year 2016
Revenues	725,979	700,134
EBITDA ⁽¹⁾	243,006	234,403
EBIT	127,890	149,999
Discontinued Operations profit/(loss) ⁽²⁾	1,556	(130)
Group Net Profit	84,070	93,619

BALANCE SHEET (in Euro thousands)	al 31 dicembre 2017	al 31 dicembre 2016
Net capital employed	900,055	905,193
Group Net Equity	391,154	375,264
Net financial debt	508,878	529,363

PERSONNEL	al 31 dicembre 2017	al 31 dicembre 2016
HDC Employees (at period end)	2,837	2,866

⁽¹⁾ EBITDA is calculated as the difference between total revenues and total costs, excluding provisions and write-downs.
⁽²⁾ The “Discontinued operations net result” includes the net result of the company SEA Handling SpA in liquidation, as per IFRS 5.

ECONOMIC VALUE GENERATED AND DISTRIBUTED

SOCIO-ECONOMIC IMPACT OF AIRPORTS