The Sacbo Shareholders’ Meeting approved the financial statements and the group consolidated financial statements for 2023, which include the financial statements of Sacbo SpA and that of the wholly owned subsidiary BGY International Services SRL
The 2023 financial year reflects the phase of consolidation of the competitive positioning of Bergamo airport at a national and European level, firmly confirming itself in third place after Fiumicino and Malpensa.
The excellent economic results obtained by the Group made it possible to absorb the negative impacts caused by the series of events that occurred between 2020 and 2023, with particular reference to the covid-19 pandemic, the international geopolitical instability caused by the Russian invasion of Ukraine and the Israeli-Palestinian crisis, the growth of inflation caused by the energy crisis and the consequent increases in interest rates determined by central banks.
In his report to the meeting, the president Giovanni Sanga once again underlined the ability of the SACBO Group to adapt to the changing needs of the market, which on the one hand made it possible to refine operational performance within a framework of recognized quality of services, safety and efficiency, and at the same time give impetus to medium-long term planning, which led to the approval of the 2030 Airport Development Plan which formally took place in December 2023 and to the definition of a new Industrial Plan which allowed access to new financing banks to guarantee coverage of the Investment Plan agreed with ENAC.
The SANGA president reiterated the commitment to continue pursuing the sustainability process which must accompany the consolidation of the levels achieved by the airport, increasing the effort aimed at the development of multimodality.
Group personnel in force at 31 December 2023 amounted to 679 employees and increased by 44 units compared to 31 December 2022. The change is attributable to a greater use of operational personnel made necessary for the management of traffic volumes higher than 2022.
The Group continued to carry out the expansion and modernization of the infrastructure planned with ENAC. The Group has carried out the planned and entirely self-financed investments, which include in particular the works to expand the aeronautical infrastructure in the northern area (aprons and taxiways) and the construction of the underground connection between the arrivals terminal and the future railway station which will be completed during 2024.
The Group’s production value exceeded the threshold of 200 million euros for the first time, reaching 216.99 million euros, up 24.3% compared to 2022.
The production value is distributed as follows:
· aviation revenues of the operator equal to 115.32 million euros (+21.4%);
· commercial (or non-aviation) revenues equal to 62.12 million euros (+30.6%).;
· revenues from assistance to passengers, goods and air carriers amounting to 31.73 million euros (+19.1%).
· other revenues and income, equal to 7.82 million euros.
The operating result (EBIT) amounted to 27.48 million euros, while the Group’s net result amounted to 14.79 million euros.
The meeting established that 60% of the net result of the parent company Sacbo SpA, equal to 11.4 million, be allocated to the dividend and the remaining 40% to the extraordinary reserve.
