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2.Address by the CEO
Ιt is a great pleasure for me to introduce the 7th Annual The track record of the year 007 was once again highlighted
Report of Athens International Airport S.A. (AIA), following by safe and efficient operations. The challenging “UEFA
my appointment as the company’s CEO in April 007, and Champions League Final” hosted in Athens last May, was a
I could not begin in any way other than expressing my milestone for AIA’s operations, which received high praise by
feeling of honour and responsibility for being part of –and UEFA officials, football federations as well as by the teams
now heading– this exceptional team of professionals of a and their fans. Our airport managed to handle successfully
model airport company. the increased passenger traffic of fans, VIPs and guests, and
The year 007 was one of the best years for Athens maintain smooth operations for the rest of the travelling
International Airport, traffic- and business-wise. Following public. Based, to a large extent, on the Olympic Games
one more year of dynamic growth and smooth operation, experience, the airport fully met the special requirements
we would like to extend our warmest appreciation to all our of this event, efficiently handling 9 flights and 85,000
partners in the airport community for their contribution. passengers in less than 4 hours, by far surpassing all the
004 traffic records.
Traffic and Aviation Business
Passenger traffic enjoyed a new record in 007, posting an Commercial Development and Real Estate
impressive overall 10% increase with a total of 16.5 million The year 007 has also seen successful development in
passengers, while the year was highlighted by the entry of the non-aeronautical sector, representing 9% of AIA’s
10 new destinations in the airport’s network, and 15 new total revenues and constituting the major contributor to
airlines. The number of flights also posted an 8% rise, for its profits. Aiming to enhance the high levels of customer
the first time surpassing the 00,000 flights threshold. satisfaction, we launched a terminal ambience upgrade
This robust development in the aeronautical sector programme and proceeded with the development of new
brought Athens International Airport among the fastest commercial facilities and concepts. Pursuing our vision
growing European airports (7th position in 007) posting to create a modern “Airport City”, AIA’s Retail Park was
a growth well above the 5.6% average recorded by the enriched with the Leroy Merlin outlet in March 007,
major European airports. This outstanding performance while an agreement was signed for the development of a
is clearly linked to the airport’s strategic developmental 50,000m Exhibition Centre at the airport, expected to launch
goals for the year, i.e. development of long-haul services operations in 009. In the field of information technology
to the U.S.A. and the Far East markets, dynamic growth and telecommunications, AIA continued its activity as an
of low-cost carriers (7 “newcomers” in 007), and strong integrator of IT&T across the airport community, while also
regional expansion in the Eastern European and Middle transferring our know-how outside the airport’s confines
East markets. AIA’s aeronautical strategy, combined with with projects in Tirana, Sydney, Budapest, Hyderabad and
the re-establishment of Athens and Greece as one of the Dubai.
top European tourist destinations, led us again to a very
positive end of year outcome. Tourism traffic recorded an Financial Performance
18% increase driven by this strong traffic development, During the year, AIA continued to deliver excellent financial
with the number of foreign tourists visiting Athens and results reflecting the favourable traffic development,
the greater region rising to . million. strong growth of all revenue streams, and our effective
AIA’s efforts to support airline development out of Athens cost management. Our financial performance proved once
was acknowledged by the airline community, who honoured again to be strong and robust, with the company’s EBITDA
us for the third consecutive year with the OAG Airport rising from €166.4 million in 006 to €04.7 million, the
Marketing Award, this time praising the airport “for closing cash position reaching the amount of €176.8 million,
maintaining its Olympic sparkle”. The recognition of our increased by €5.0 million compared to the previous year,
commitment to build a close and fruitful partnership with and Profit before Tax rising from €94.6 million in 006 to
our partners is a confirmation of the market’s positive €15.7 million. The following pages of this annual report
response to our incentives and marketing programme, provide an in-depth analysis of the company’s positive
and endorses the success of AIA’s overall planning to attract financial situation. It is worth mentioning that since the
new airlines.
9
Ιt is a great pleasure for me to introduce the 7th Annual The track record of the year 007 was once again highlighted
Report of Athens International Airport S.A. (AIA), following by safe and efficient operations. The challenging “UEFA
my appointment as the company’s CEO in April 007, and Champions League Final” hosted in Athens last May, was a
I could not begin in any way other than expressing my milestone for AIA’s operations, which received high praise by
feeling of honour and responsibility for being part of –and UEFA officials, football federations as well as by the teams
now heading– this exceptional team of professionals of a and their fans. Our airport managed to handle successfully
model airport company. the increased passenger traffic of fans, VIPs and guests, and
The year 007 was one of the best years for Athens maintain smooth operations for the rest of the travelling
International Airport, traffic- and business-wise. Following public. Based, to a large extent, on the Olympic Games
one more year of dynamic growth and smooth operation, experience, the airport fully met the special requirements
we would like to extend our warmest appreciation to all our of this event, efficiently handling 9 flights and 85,000
partners in the airport community for their contribution. passengers in less than 4 hours, by far surpassing all the
004 traffic records.
Traffic and Aviation Business
Passenger traffic enjoyed a new record in 007, posting an Commercial Development and Real Estate
impressive overall 10% increase with a total of 16.5 million The year 007 has also seen successful development in
passengers, while the year was highlighted by the entry of the non-aeronautical sector, representing 9% of AIA’s
10 new destinations in the airport’s network, and 15 new total revenues and constituting the major contributor to
airlines. The number of flights also posted an 8% rise, for its profits. Aiming to enhance the high levels of customer
the first time surpassing the 00,000 flights threshold. satisfaction, we launched a terminal ambience upgrade
This robust development in the aeronautical sector programme and proceeded with the development of new
brought Athens International Airport among the fastest commercial facilities and concepts. Pursuing our vision
growing European airports (7th position in 007) posting to create a modern “Airport City”, AIA’s Retail Park was
a growth well above the 5.6% average recorded by the enriched with the Leroy Merlin outlet in March 007,
major European airports. This outstanding performance while an agreement was signed for the development of a
is clearly linked to the airport’s strategic developmental 50,000m Exhibition Centre at the airport, expected to launch
goals for the year, i.e. development of long-haul services operations in 009. In the field of information technology
to the U.S.A. and the Far East markets, dynamic growth and telecommunications, AIA continued its activity as an
of low-cost carriers (7 “newcomers” in 007), and strong integrator of IT&T across the airport community, while also
regional expansion in the Eastern European and Middle transferring our know-how outside the airport’s confines
East markets. AIA’s aeronautical strategy, combined with with projects in Tirana, Sydney, Budapest, Hyderabad and
the re-establishment of Athens and Greece as one of the Dubai.
top European tourist destinations, led us again to a very
positive end of year outcome. Tourism traffic recorded an Financial Performance
18% increase driven by this strong traffic development, During the year, AIA continued to deliver excellent financial
with the number of foreign tourists visiting Athens and results reflecting the favourable traffic development,
the greater region rising to . million. strong growth of all revenue streams, and our effective
AIA’s efforts to support airline development out of Athens cost management. Our financial performance proved once
was acknowledged by the airline community, who honoured again to be strong and robust, with the company’s EBITDA
us for the third consecutive year with the OAG Airport rising from €166.4 million in 006 to €04.7 million, the
Marketing Award, this time praising the airport “for closing cash position reaching the amount of €176.8 million,
maintaining its Olympic sparkle”. The recognition of our increased by €5.0 million compared to the previous year,
commitment to build a close and fruitful partnership with and Profit before Tax rising from €94.6 million in 006 to
our partners is a confirmation of the market’s positive €15.7 million. The following pages of this annual report
response to our incentives and marketing programme, provide an in-depth analysis of the company’s positive
and endorses the success of AIA’s overall planning to attract financial situation. It is worth mentioning that since the
new airlines.
9
