Financial Statements 2021.pdf

Aeroporto Guglielmo Marconi di Bologna Group's 2021 financial statements show a loss of €6.7 million, an improvement from the €13.6 million loss in 2020. Consolidated revenues declined 13.3% to €58.5 million, but adjusted revenues grew 33.6% to €50.4 million. Consolidated EBITDA returned to positive territory at €3.5 million. The Group undertook infrastructural investments and maintenance actions for approximately €9 million and secured additional funding, including a long-term loan of up to €90 million from the European Investment Bank. Passenger traffic increased by 63.7% compared to 2020, but remained 56.4% below 2019 levels. Cargo traffic performed better, with a 15.5% increase compared to 2020 and a 2.6% increase compared to 2019. The Group's equity and financial structure was impacted by the pandemic, but it utilized sector support measures and focused on protecting the health and safety of employees and passengers. The Board of Directors proposes to carry forward the loss of €7,542,353.77 reported in the financial statements of Aeroporto Guglielmo Marconi di Bologna Spa. Key financial highlights include:

Consolidated loss: €6.7 million
Consolidated revenues: €58.5 million (decline of 13.3%)
Adjusted revenues: €50.4 million (growth of 33.6%)
Consolidated EBITDA: €3.5 million
Passenger traffic: 4,103,816 passengers (increase of 63.7% compared to 2020)
Cargo traffic: increase of 15.5% compared to 2020 and 2.6% compared to 2019
Infrastructural investments and maintenance actions: approximately €9 million
Additional funding: long-term loan of up to €90 million from the European Investment Bank.