FACTS & FIGURES
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001

Positive financial Results for the Year 2013

Continuing its track record of positive financial performance, Athens International Airport S.A. (AIA) posted positive results for the year 2013, in accordance with principles of the International Financial Reporting Standards (IFRS).
More specifically, within continuing recession (GDP -3.9%, Private Consumption -6%) and contraction in most business activities, AIA has addressed market challenges by protecting its business model in the areas of revenues, costs and value for money services always aiming at increasing its efficiency and effectiveness.
AIA recorded healthy profitability, posting for the year 2013 earnings before interest, taxes, depreciation and amortisation (EBITDA) amounting to € 163,6 million and pre-tax profit (PBT) amounting to € 93,9 million. The cost containment policy implemented consistently by AIA since 2009 - without compromising the company’s value-for-money strategy - resulted in further reduction of operating expenses by 10,2% in 2013 or 23% during the period 2009-2013. Furthermore, the 8% reduction of operating revenues (including ADF/Airport Development Fund revenues) is mostly due to AIA’s dynamic support of its partners through the extension and introduction of even more enhanced support schemes and targeted incentives for airlines and other stakeholders in the airport community, and to a lesser extent due to the reduced turnover resulting from the economic recession.
It is worth noting that according to the proposal of AIA’s Board of Directors to the General Meeting of Shareholders an amount equal to € 60,6 million relating to dividends and taxes on dividends is attributed to the Greek State. In addition, the Greek State collects an amount rising to € 18,5 million directly from the ADF revenues.  

FINANCIAL RESULTS FOR THE YEAR 2013
According to the International Financial Reporting Standards
  2013 2012 Restated(*) Variation
%
Operating Revenues &ADF € 311,8 million € 338,8 million -8,0%
Opearting Expenses € 108,4 million € 120,7 million -10,2%
EBITDA € 163,6 million € 174,8 million -6,4%
Pre-tax Profit (PBT) €93,9 million € 97,5 million -3,7%
(*) Restated following the application of IAS 19R
 
2013 2012 2011 2010 2009 2008 2006
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