Walloon airports (Charleroi and Liege) pay out nearly one million euros in dividends

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With a turnover of 27 million and a net profit of 1.5 million, Liege Airport distributed 600,000 euros to its shareholders. Charleroi Airport had a turnover of 65 million and a net profit of 1.5 million, from which it distributed 348,000 euros.

  1. Charleroi

Brussels South Charleroi Airport (BSCA) generated sales of approximately 65.15 million euros, an increase of 3.73% compared to 2015. Net profit amounted to 1.5 million, slightly lower than in 2015 (1.64 million). It has received public subsidies for more than 34 million (fire, safety, etc.).

Penalized by a decision of Europe which has quintupled the infrastructure fees it will have to pay to the Walloon authorities (via Sowaer) and because of the investments to be made, the airport management company distributed only a dividend of 348,000 euros to its shareholders (590,549 euros in 2015).

The “Belgian Airports” consortium (made up of the Italian Save and the former Holding Communal), which holds 27.65% of BSCA, received a special dividend of 96,000 euros. The other shareholders (Sowaer, Sambrinvest, Igretec, Sabca) shared the rest ( 252,000 euros).

The good health of the balance sheet is explained by an increase in traffic. In 2016, 7.3 million passengers walked through the tarmac of Charleroi Airport, up 5%. The attacks of March 22 at Brussels Airport benefited BSCA: several flights had been diverted because of the closure of the national airport for several days.

According to BSCA, the main revenue increases are those from handling (+ 3.68%), commercial concessions (+ 4.29%) and aeronautical activities (+ 6.99%). In terms of employment, in 2016, BSCA had a total of 488.2 Full-Time Equivalents (FTEs) compared with 462.8 FTEs in 2015.

  1. Liège

Liege Airport also shows upward results for 2016. The management company of the airport of the same name achieved a turnover of nearly 27 million, up almost 8% compared to 2015. It has received grants for more than 28 million euros from the regional authorities for the same missions as BSCA.

Liege Airport executives agree that “the growth in turnover is strongly linked to the impact of diversions from Brussels Airport“. The diversion flights brought to Liège more than 1,800 aircraft movements and approximately 156,000 passengers. The net profit is about 1.5 million.

The dividend distributed to the shareholders (NEB Nethys-Ethias-Belfius, Sowaer, Aéroports de Paris) amounts to 600,000 euros for the 2016 financial year (500,000 euros for 2015).

In 2016, the airport handled 660,605 tons of cargo (649,830 tons in 2015) and welcomed 382,089 passengers (299,302 passengers in 2015). At the end of 2016, Liege Airport had 162.8 FTEs (161.6 FTEs at the end of 2015).

Both airports have good prospects for 2017.

Source: The Echo

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