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ADR approves Annual Integrated Report, positive consolidated operating result of 131.9m. euros

There was a significant increase in traffic, which closed the year with approximately 33 million passengers, compared with 2021 (+134.7%), owing to factors both outside and inside Europe (+262.8% and 138.0%).

FIUMICINO – Τhe Board of Directors of Aeroporti di Roma S.p.A., approved the Annual Integrated Report, including the Draft Individual Financial Statements and Consolidated Financial Statements of 31 December 2022.

By issuing the Integrated Report, the ADR intends to provide complete, exhaustive information, in a single document, on the value generated through financial, environmental, social and governance performance. This confirms the importance that the Group attaches to an integrated management approach as an inseparable part of its strategy that underpins the path towards sustainable development and innovation in the coming years.

2022 Results

There was a significant increase in traffic, which closed the year with approximately 33 million passengers, compared with 2021 (+134.7%), owing to factors both outside and inside Europe (+262.8% and 138.0%). Over the course of the year, there was a 66.5% recovery of passenger flows compared with 2019, owing to a combination of a beginning of the year still seriously impacted by the effects of the pandemic, and a final period that marked a recovery of over 80%.

The financial year closed with a positive consolidated operating result of 131.9 million euros (-45.9 million euros in the previous year) and a net profit of 45.1 million euros, as compared with a net loss of 38.0 million euros in 2021.

Following the financial transactions implemented during 2021, the ADR 2022 financial structure saw a further evolution towards its solidity and sustainability objectives, combined with an improvement in credit ratings. In this respect, it is worth noting the new 350 million euro revolving credit line, also in an innovative sustainability-linked format and with a 5-year duration (extendable up to 7), which was signed in October 2022 to replace the previous contract for 250 million euros (expiring in 2023).

Investments amounted to over 214 million euros, an increase of 21% compared with 2021, for the expansion and upgrading of the Rome airport system. More specifically, the investments made during the year included the construction works for the new boarding area A in Terminal 1, inaugurated on 18 May in the presence of the President of the Republic, Sergio Mattarella.

Outlook 2023

The evolution of the market scenario highlights an essentially positive outlook for 2023, with a business trend that is gradually approaching pre-pandemic levels. It should be emphasised that there remain variables that may impact the actual rate of recovery/growth of traffic, both positively, with reference to a possible acceleration in the reopening of the Chinese market, and negatively, in relation to the effects of a potential development of the Russian-Ukrainian conflict.

This growth scenario, where confirmed during the year, hints at an expected improvement in operating margins compared with the previous year. This could, however, be seriously affected by macroeconomic trends and recent inflation, which could impact the inclination to consume, in addition to the dynamics of operating costs, with particular reference to energy prices, which are still decidedly dilated.

Throughout 2023, the Group will continue to work towards consolidation, in accordance with the granting and regulatory authorities, of key prerequisites for the long-term sustainable development of the capital’s airport system, based on shared value involving employees, local communities and, more generally, all our stakeholders.

News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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