ENAV Board of Directors (ENAV BOD) has officially approved the nine-month results for 2023, shedding light on the aviation landscape over Italy during this period. The data reveals an unprecedented surge in air traffic, primarily fueled by international flights, showcasing the resilience and recovery of the aviation industry.
The statistics for en-route and terminal traffic present a remarkable uptick, standing at 11% and 10.7%, respectively, in terms of service units when compared to the corresponding period in 2022. This surge suggests a robust rebound in travel activities, signifying renewed confidence in air travel both within and beyond the Italian borders.
Financially, ENAV reports a consolidated revenue of €740.2 million, demonstrating a notable growth of 3.6% compared to the same period in 2022. Despite the challenges posed by the global landscape, the company has managed to maintain a positive trajectory in terms of revenue, reflecting its strategic positioning and adaptability in the face of changing circumstances.
Furthermore, the Consolidated EBITDA for the first nine months of 2023 stands at €220 million, aligning closely with the figures reported in the corresponding period of 2022. This consistent performance underscores ENAV’s effective cost management and operational efficiency, leading to an EBITDA margin of 29.7%.
Delving deeper into the financial snapshot, the Consolidated EBIT reaches €131.7 million, registering a modest increase of 0.4% compared to the same period in 2022. This growth in EBIT, coupled with an EBIT margin of 17.8%, showcases ENAV’s ability to navigate challenges while maintaining a healthy bottom line.
ENAV Board of Directors: nine months 2023 results approved
In today’s meeting chaired by Alessandra Bruni, the Board of Directors of ENAV S.p.A. approved the Interim Financial Report as of September 30, 2023. The initial three quarters of 2023 witnessed a consistent and robust expansion in air traffic, reaching unprecedented levels in Italy. En-route service units experienced a notable 4.0% increase compared to the benchmark year of 2019, which was itself a record-setting year for Italian aviation.
Chief Executive Officer Pasqualino Monti said: “The positive trend in the first nine months of 2023 confirms that the air traffic demand in the Italian airspace is very strong.
We are seeing an interesting trend and we expect to end the year in line with the positive forecasts issued by Eurocontrol.
The Company is continuing to invest in modernising the airspace infrastructure, ensuring the standard levels of safety and quality of service. We maintained excellent performance even during the summer season, which is the busiest period in terms of traffic volumes. In addition to pursuing projects related to the core business, expansion and diversification in the non-regulated market remain a central element in the Group’s industrial strategy”.
In conclusion, ENAV’s approval of the nine-month results for 2023 paints a positive picture of the aviation sector’s recovery in Italy. The record air traffic, coupled with steady financial performance, positions ENAV as a key player in fostering the resurgence of the aviation industry on both national and international fronts.