Financial Results for the Year 2022
In 2022, “Athens International Airport S.A.” (AIA), together with the entire aviation industry, was faced with major challenges. On top of the COVID-19 pandemic crisis and its impact on air travel, the year was marked by the Ukraine war in late February, the subsequent energy crisis and its consequent implications in the European and worldwide economies, as well as the severe operational disruptions in European airports during the summer period. Against this turbulent background and despite the volatile start of the year, the recovery marked since the second quarter of 2022 led to passenger traffic of 22.73 million passengers for the financial year 2022, presenting an increase of 84.1% as compared to 12.30 million passengers during 2021, but a decrease of 11.1% as compared to 25.57 million passengers during 2019, resulting to an overall recovery of 89% of the respective 2019 traffic.
The year 2022 was successful in terms of financial performance. Operating revenues reached €476.9 million (+24.76% vs. 2021), while EBITDA reached €328.3 million (+16.3% vs. 2021). Profit Before Tax reached €213.2 million, higher by 28.22% as compared to the previous financial year. Furthermore, the Closing Cash of the Company stood at €561.2 million on 31 December 2022.
|FINANCIAL RESULTS FOR THE YEAR 2022
ACCORDING TO INTERNATIONAL FINANCIAL REPORTING STANDARDS
(in million Euros)
|Profit before Tax