March 27, 2015
On the back of strong gains in passenger and freight figures, Munich Airport achieved outstanding financial results in 2014, with consolidated revenue again showing a slight year-on-year increase to approximately 1.2 billion euros. Based on preliminary figures, earnings after taxes (EAT) for the FMG Group amounted to 100 million euros, and thus matched the high level of the previous year. Address-ing the FMG Group's annual press conference in Munich, CEO Dr. Michael Kerkloh expressed great satisfaction with the results: "With this performance, Munich Airport remains one of the few airports in Germany still generating significant profits." Group EBITDA, at 475 million euros, was about 2 percent higher than the previous year's figure. The EBITDA margin was up one percentage point to 40 percent.
With close to 40 million travellers arriving and departing, Munich Airport had yet another record year in 2014. The total passenger traffic rose by nearly 3 percent to 39.7 million. The increase in passenger numbers in Munich in 2014 resulted entirely from gains in international traffic. The strongest growth was seen in the intercontinental segment, where traffic increased by 7 percent to 6.2 million passengers. About half of the increase can be attributed to the new long-haul services to Houston, Mexico City and Miami. The number of passengers travelling on routes within Europe and to destinations in North Africa was up nearly 3 percent to more than 24 million.