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Malpensa: Busiest airport in Italy

Malpensa: Busiest airport in Italy

Sea Spa presented 2016 balance sheet data to the board of directors for their approval for the shareholders’ meeting on May 3. According to Sole 24 Ore, the company that manages the Milan airports of Linate and Malpensa, there is a consolidated net profit of the group at a record high of 93.6 million euro, up 11.7% on 2015. EBITDA (Earnings before interest, tax, depreciation and amortization) grew by 5.1% to 234.4 million, another new record high, while the net profit of the parent company Sea Spa amounted to 87.9 million, up 11.8%. These are particularly positive results as the majority shareholder, so that the City of Milan could receive a coupon over 40 million euros, up from the previous year of 34.

Passenger traffic showed growth rates of 3.1% compared to 2015. In the last two months of 2016, the increase was 11.9% compared to the same period last year, with Malpensa increased only by 15.3%. A trend confirmed by the first months of 2017 was with Malpensa which has the highest growth rate in January and February with 929 mila passengers (+11.6%, equivalent to 2.8 million), double the national average of 5.1 stops %.

In 2016, Sea Spa has also invested 85.9 million euro for the restyling of the airport, and is now preparing a similar treatment for Linate, an operation expected to take place over many years, which will be divided into several stages and for which it has already been allocated a first allotment of 156 million euro.

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