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2013 sees 10.2 percent more passengers and a net profit of 5.2 million euros

Zg. Brnik, 13 February 2014 – Compared to 2012, the number of passengers at Ljubljana Airport in 2013 increased by 10.2 percent while the quantity of cargo carried increased by 4.4 percent. Positive traffic trends are reflected in the company’s improved performance which is better than in the previous year and also above the plan. In 2013 the company generated a net profit of EUR 5.2 million, an increase of 3.8 percent over the plan.

Aerodrom Ljubljana, d. d. generated operating revenue of EUR 31.3 million, 1.4% above 2012. The higher-than-forecast operating revenues figure was a reflection of developments in traffic, an increase in foreign airlines’ passenger numbers, the replacement of smaller aircraft with larger aircraft, and growth in the cargo segment. Operating expenses amounted to EUR 25.1 million and were down 1.9% compared to 2012. These revenue and expense figures resulted in EBIT in the amount of EUR 6.1 million, up 17.4% on 2012, and up 6.4% on the forecast. Despite performing impairment of subordinated bonds of Slovene banks, as a result of improved performance the company generated a net profit of EUR 5.2 million, which is comparable to the net profit recorded in 2012 and up 3.8 percent on the plan.

A rise in passenger numbers was recorded by the domestic airline and by foreign airlines in 2013. A total of 1,321,100 passengers represents a 10.2 percent increase over 2012 and a 2.6 percent increase over the plan. Alongside the increase at the domestic airline, the most important factor in the rise in passenger numbers has been low-cost airline Wizz Air, whose routes to London Luton and Brussels Charleroi established in late 2012 have brought a major expansion in low-cost services at the airport. Of the foreign scheduled airlines, Turkish Airlines and Finnair operated more flights than last year. Another positive impact on the number of passengers was the introduction of scheduled flights by Air Serbia, which introduced daily flights between Ljubljana and Belgrade in December 2013. Montenegro Airlines also recorded a rise in passenger numbers relative to last year as its load factors increased. 

The destinations most favoured by passengers in 2013 were London, Frankfurt, Istanbul, Zurich, Munich and Paris. Scheduled flights (87 percent) accounted for the majority of public passenger transport at the airport. An important category within public transport is low-cost airlines (easyJet and Wizz Air), who accounted for 12.6% of public transport passengers, up 3.5% on 2012.

In 2012, a total of 33,111 aircraft movements were recorded, down 5.4% on last year, although the changes in the breakdown of the aircraft by type should be noted. Primarily foreign and also the local airline used significantly larger and heavier aeroplanes. Because a significant proportion of the company’s revenues are tied to aircraft weight, this has eliminated any adverse impact of the decline in the number of aircraft movements on operating revenues.

Growth recorded in cargo traffic is also encouraging. In total we handled 17,777 tons of cargo, 4.4 percent up on 2012 and 2.5 percent upon the 2013 plan. Forecasts were exceeded in all cargo categories.

With regards to investments in buildings and equipment, the company followed the adopted business plan for 2013, taking into account the resolution from the 18th general meeting of 16 September 2013 on the postponement of the construction of the new passenger terminal. A total of EUR 8,955 thousand of our own funds were invested in 2013 in buildings and equipment; of that, EUR 7,287 thousand was invested in buildings and land, and the remaining amount in equipment used for performing activities and IT hardware and software. Major investments in the infrastructure included renovation of a part of the runway and two lanes, and construction of the first phase of the road along the airport fence, whereas the largest investment was acquisition of aircraft maintenance Hangar 2 from Adria Airways.