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Aerodrom Ljubljana’s first quarter better than last year

Compared with the same period last year, Aerodrom Ljubljana recorded similar passenger numbers and an increase of 28% in cargo tonnage in the first quarter. Overall performance also surpassed the first quarter of last year.

In the first three months of 2011, Aerodrom Ljubljana recorded 8,870 aircraft movements, down 4% on the same period last year (20.1% of the forecast in the annual plan). A total of 239,633 passengers were served, down just 0.4% on the same period last year, and equivalent to 17.1% of the forecast in the annual plan.

The majority of passengers travelled with scheduled airlines, of which there were eight at the airport during the period in question. The airport at Brnik operated routes to 27 different destinations; Istanbul, Paris, Frankfurt, London and Munich accounted for the largest passenger numbers. In the passenger segment, the first quarter saw a decline in the number of transit passengers and charter passengers. There were fewer charters because of the situation in North Africa, where instability brought a significant decline in the number of tourists. The recovery in traffic is primarily being expressed at foreign airlines, their passenger numbers increasing by 27.7%.

Cargo tonnage continued to grow, increasing by 28.3% (4,765 tonnes) and reaching 24.8% of the forecast in the annual plan. An increase was recorded in all categories of cargo (air cargo tonnage was up 6.5% on the same period last year, truck cargo tonnage was up 12.1% and mail tonnage was up 11.9%.). The largest increase was recorded by ship and road break-bulk cargo, which involves receiving ship and road containers, carrying out customs procedures, and resorting in terms of final recipient.

Performance in the first quarter surpassed that in the same period last year. Operating revenues were up 3.6% on those generated in the same period last year at EUR 6,991 thousand (21.7% of the forecast in the annual plan). Operating expenses were down 1.5% (at 24.2% of the forecast in the annual plan) as a result of continuous cost controls and the constant adjustment of costs to the situation on the market.

EBITDA was up 20.3% on the same period last year at EUR 2,163 thousand (equivalent to 17.9% of the forecast in the annual plan). EBIT stood at EUR 510 thousand (up 201.4% on the first quarter of last year, and equivalent to 9.4% of the forecast in the annual plan).

Taking into account net finance income in the amount of EUR 320 thousand, the company's pre-tax profit stood at EUR 830 thousand (equivalent to 13.3% of the forecast in the annual plan), up 56.4% on the same period last year. There was a similar increase in net profit, which was up 55.8% on the same period last year at EUR 661 thousand (equivalent to 13.2% of the forecast in the annual plan).

The seasonal nature of the company’s operations means that it lies proportionately behind in its implementation of the annual plan (with the exception of cargo). The volume of traffic is highest in the summer, from June to September, as a result of the establishment of charter routes and an increase in the number of scheduled flights, while load factors are also higher at this time.

Zgornji Brnik, 25 May 2011