Revenue increased from €52.4 million to €52.8 million. Although there was an increase of 4.1% in the number of passengers, the revenue from the airport segment decreased from €39.2 million to €38.3 million whilst the revenue from the Retail & Property Segment increased from €12.6 million to €14.1 million.
The earnings before Interest, Taxation Depreciation and Amortization (EBITDA) increased by 4.05%; from €24.79 million to €25.8 million and the EBITDA margin increased from 47.28% to 48.84%. There was also an increase in profit before tax. Profit increased from €18.92 million to €19.46 million, an increase of 2.8%.
These results reflect the increased volume of traffic as well as the strict control exercised on the costs of the Group, in a business environment which has a high level of fixed costs.
In so far as the operating costs are concerned, these were marginally lower than those of 2011. Utility costs were up from €2.8 million to €3.1 million, maintenance costs of buildings and equipment were up from €1.53 million to €1.71 million, and marketing costs were also up from €2.53 million to €2.83 million. There were also marginal increases in other operational costs such as legal and professional fees, rents payable, charges for service for persons with reduced mobility, staff costs and security fees.
(Source: maltairport.com, 20-Mar-2013)