Malta International Airport announces record results for last year

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Malta International Airport announces record results for last yearMalta International Airport today held its Annual General Meeting to approve the company’s financial statements of the year ending December 31, 2013.

The shareholders approved a total net dividend of €0.075 per share, representing a net payment of €10,147,500.

Malta International Airport Chairman Nikolaus Gretzmacher thanked the shareholders for their support and assured of the Company’s ongoing commitment to translate this support into tangible results. Such results are also reflected through the contribution of the Malta International Airport to Government of €10.11m in the form of dividend distribution on the 20% shareholding and in annual taxation.

The overall business growth achieved in 2013 mirrored the record number of passengers arriving at the Malta International Airport. A growth of 10.5 per cent over the previous year, saw more than four million passengers travel through the airport for the first time ever in one year.

“The largest increase in absolute passenger numbers was registered in the shoulder and winter seasons, meaning that our efforts to make Malta an all year round destination are bearing fruit,” said Chairman Nikolaus Gretzmacher during his opening address.

“This increase in passenger traffic illustrates the efforts placed by the airport and its key stakeholders to secure better connectivity to the Maltese islands. By the end of 2013, Malta was connected to 94 destinations by 28 commercial passenger carriers.”

Meanwhile, the Retail and Property segment registered a substantial increase, growing by 21 per cent in revenues. These figures were driven mostly by the rental income from SkyParks Business Centre, which by the end of 2013 had almost all its floor space leased out.

“The determination and hard work demonstrated by the management team and staff, coupled with the remarkable results achieved in 2013 means that the MIA is well placed to face the challenges of 2014,”said Mr. Gretzmacher.

In his review for the year, Chief Executive Officer, Markus Klaushofer highlighted the Financial Results of the Company which were positively impacted by strict group wide cost control throughout the year particularly on operating costs. Mr. Klaushofer also explained the growth in passenger movements and the healthy business mix between legacy, low cost and charter carriers as well as its continuous efforts to attract new airlines and develop new routes.

“All areas of our operations have registered significant growth, showing that we have been successful in balancing our airline portfolio, maximising the potential of all business units and diversifying our offering to various customer segments” said Chief Executive Officer, Markus Klaushofer.

Mr. Klaushofer concluded by stating the confidence he has in the company’s ability to face the challenges of a volatile industry through the drive, determination and skills found in the entire team, which will enable the momentum for continued growth to be sustained.

During the AGM, the following Directors were appointed: Nikolaus Gretzmacher, Yousef Sabeh, Alfred Quintano, Michael Bianchi and Karl Dandler as non-Executive Directors; CEO Markus Klaushofer, Deputy CEO & CFO Austin Calleja and CCO Alan Borg were confirmed as Executive Directors.

The Annual General Meeting took place at the Dolmen Resort Hotel on Thursday May 22.

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