ANA posts net profit of €416.7 million for 2023

 In Aviation, Companies, News

The company that manages Portugal’s 11 main airports, ANA – Aeroportos de Portugal, posted a net profit of €416.7 million for 2023.

The result exceeded the €333.9 million in profits from 2022 by 24.8% according to the company owned by the French multinational Vinci Group. And profits are €113 million more compared to the pre-pandemic year of 2019.

In 2020, because of the pandemic, the group posted losses of €79.7 million but managed to get out of the red in 2021 when it made a profit of €25.5 million.

Last year, when passenger traffic at Portugal’s airports stood at 66.3 million passengers — up 19% on 2022 and 12% on 2019 – the company’s turnover was €1.095Bn, up 21.3% on the €903 million from one year before.

ANA also handed over €18 million to the State regarding a revenue sharing contract mechanism, as well as €263 million in taxes.

The group emphasises that its traffic recovery rate after the pandemic is above the European average, reflecting Portugal’s attractiveness as a destination, and efforts made by ANA and Vinci Airports to establish and expand air connectivity to different regions of the country by opening new routes, as well as taking advantages of incentives of €28 million given to airline companies in 2023.

Improved air traffic performance meant that ANA was able to achieve an operational result of €626 million.
ANA also invested €86 million last year on “improving operational and environmental performance, as well as beginning studies for improvement works at Lisbon’s Humberto Delgado airport which were approved at a Council of Ministers meeting in December.

This year ANA will begin structural works at several airports including expanding Lisbon’s Terminal 1 requiring an investment of around €200 million.

Runway improvement works will also be conducted at Porto’s airport worth €50 million, while work on refurbishing Ponta Delgado and Horta airports in the Azores estimated at €14 million will also be undertaken. A new terminal at Porto Santo (Madeira) will be built costing €25 million.

Moreover, this year works on Faro airport’s roof will be done at an estimated cost of €17 million.