ENAV’s Board of Directors approves the Preliminary Results at December 31, 2018

The ENAV SpA Board of Directors, held today under the chairmanship of Nicola Maione, approved the stand-alone Financial Statements of the Company and the Consolidated Financial Statements of the Group at December 31, 2018.

Strong operating performance in a context of robust traffic growth

• En-route and terminal traffic grow 9.3% and 5.1% YoY respectively, in terms of service units1;
• Consolidated Net Revenue of 889.7 million euro (+0.9% YoY).
• Revenues from Operations of 924.6 million euro, up 7.1%, offset by negative balance2;
• Consolidated EBITDA at 297.4 million euro (+4.9% YoY);
• Consolidated Net Profit of 114.4 million euro, up 12.7% YoY;
• Proposal for dividend distribution of 0.1998 euro per share (+7% YoY) in line with dividend policy;
• 2018 Sustainability report and Consolidated Non-Financial Statement approved by the BoD

The Chief Executive Officer Roberta Neri said: 2018 was characterized by a strong increase in traffic in Italy that went well beyond our expectations. Thanks to the quality and professionalism of ENAV’s people and to the continuous investments in innovation and training, we managed to satisfy the high traffic flows while guaranteeing an excellent quality of service in terms of safety and punctuality.

The high volatility of the sector has become a reality and service providers have to act promptly to increase the capacity of the airspace by investing in people, infrastructure and innovative technologies that are strategic for the Italy and for Europe.

We remain fully committed to maintain our market-leading operational performance also going forward, continuing to deliver safety and punctuality to passengers in a growing air traffic sector. To achieve this, we have initiated a recruiting program for young, highly qualified talents which, together with the growing resources that we will allocate to new technologies, will guarantee the long-term success and sustainability of our company.