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Record-breaking Business Results in 2007

The unaudited financial results of Aerodrom Ljubljana reached record levels in the number of provided services for both passengers and cargo, as also in terms of operating revenues and profits.  

The amount of traffic at the Jože Pučnik Ljubljana Airport continued to grow in 2007. 1,524,028 passengers passed through the airport, which is up a good 14% on 2006, surpassing the plan by more than 5%. There were 44,517 aircraft movements, which is just under 14% less in comparison to 2006, representing just under 2% more than planned. Cargo traffic saw the highest increase, growing by 42% in comparison to 2006, exceeding the plan by 29%. Last year two airlines, the Finnish Finnair and Belgian Brussels Airlines, began providing scheduled flights from the Jože Pučnik Ljubljana Airport.    

All key company performance indicators are above both the 2006 figures and also the anticipated values. In 2007 the company generated EUR 37.2 million of operating income, which is 30% more than in 2006 and 6% above the planned figure. The company generated EUR 21.6 million in pre-tax profit, thus exceeding the plan by 86%. Net profit amounted to EUR 16.7 million, which is 74% above the business plan. The final profit was largely influenced by financial revenues, mostly attributed to capital gains generated with sales of investments. The price of AELG shares on the last trading day of 2007 was EUR 147.15, which is 156% more than on the last trading day of 2006. 

It is worth highlighting the opening of the first phase of the new passenger terminal among the most notable events of the past year. We shall continue the modernisation and upgrading of the airport infrastructure in 2008. We shall invest EUR 28.6 million in buildings, purchase of airport equipment and computer equipment. The most significant investments include the expansion of the aircraft apron, start of the second phase of construction for the new passenger terminal (T2), completing external connections for the municipal infrastructure, a garage for equipment for the staff handling the arrival and departure of aircrafts, and two multi-storey car parks.

In 2008, the upward trend in traffic will continue. We are expecting 1,688,759 passengers, representing an 11% growth over 2007; 52,709 aircraft movements, a 13% rise over 2007; and 25,795 tons of cargo, exceeding the 2007 figure by 17%.

Brnik, 26 February 2008