Positive year-end financial statements published
The supervisory board of the Flughafen Berlin Brandenburg GmbH has discussed the current state of affairs with regard to the BER project during today’s working session. Consultations were also held with technical experts from TÜV Rheinland (the German inspection and product certification specialist). Moreover, initial scenarios pertaining to the master plan, as well as the positive year-end financial statements were also presented.
State Secretary Rainer Bretschneider, Supervisory Board Chairman:
All of us on the supervisory board agree on the fact that we must make the effort to provide the necessary transparency for the BER construction site. This way, we will ensure the requirements for the operational launch are met. It is very pleasing to see continued above average growth in the development of air traffic at the airport location of Berlin-Brandenburg. This consequently confirms our focus towards the development of a master plan. Nonetheless, our top priority remains the final completion of the BER.
The master plan deals with the question as to how, on a long-term basis, the BER airport location is to systematically meet growing capacity demands in order to cope with the influx of the projected 55 million passengers by 2040. Further aims include making the airport a driver for growth as a regional business hub. As a first step, a situation analysis was carried out. Resulting from this, 15 approximate scenarios were devised to take into account factors such as traffic projections, as well as internal area requirements relating to operations and commercial side of developments. Factors regarding external users, as well as passengers, but also airlines and tenants were also considered. The project will be completed with the release of a results report at the beginning of 2018.
Prof. Dr.-Ing. Engelbert Lütke Daldrup, CEO Flughafen Berlin Brandenburg GmbH:
Our foremost aim continues to be getting Berlin Brandenburg Airport connected to the network as quickly as possible. All the same, we must still look to the future and develop the airport location on a long-term scale. With the master plan, we are taking necessary strategic steps ahead of time. At the same time, we also remain flexible, so we can react to market requirements. The BER master plan also gives us the opportunity to show how we will match required capacities, continue to improve non-aviation business activities and promote groundside real estate development.
The new Terminal T1-E ‘lite’
The BER expansion programme is being updated by way of the master plan, and is a first step towards long-term expansion. Directly south of the north pier at the BER, the airport company plans to construct a new terminal. The supervisory board agreed to the construction of the so-called Terminal T1-E ‘lite’ today. The terminal is designed to handle up to six million passengers and is to cost around 100 million euros. The launching of operations there is planned for the first half of 2020. Apart from both time and cost-saving benefits, this new alternative also has the perk of not lying within the identified development areas of the master plan. Instead, the T1-E ‘lite’ takes up onto the north pier, that is already enabled for usage, and will be connected with bridges.
Positive operating result
After the supervisory board approved the year-end financial statements and consolidated financial statements of FBB at the end of May, the declaration of statements by the general meeting are on hand. With regard to operational activities at the airport, the year 2016 has shown positive development. In 2016, 32.9 million passengers were checked-in and processed at both Schönefeld and Tegel airports. This is 11.4% more than the previous year. Turnover increased by 14% to 371.9 million euros. Operations (aviation) accounted for 268.1 million euros (+14.4%). The commercial side also developed positively, with increasing turnover thanks to higher revenues from sales levies in the areas of Duty Free, parking and food service. Non-aviation business activities reached revenues of 59.7 million euros (+15.7%) Leasing also rose by 1.9% to 31.7 million euros. Other revenues also developed in a positive direction up to 12.4 million euros (+36%). The operating result (EBITDA) was able to be increased by 28% to 109 million euros. As expected, the year-end financial statements turned out negative; improving however by 26% in comparison with the year before.
The annual report for 2016 is available online: