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August 28, 2015 3:10 PM ET

Transportation Infrastructure

Company Overview of Società per Azioni Esercizi Aeroportuali S.E.A. S.p.A.

Company Overview

Società per Azioni Esercizi Aeroportuali – SEA S.p.A. develops and manages airport infrastructure in Europe. The company operates through four segments: Aviation, Non Aviation, Handling, and Energy. It manages Milano Malpensa and Milano Linate airports, and General Aviation Milano Linate Ovest airport. The company is involved in the management, development, and maintenance of the infrastructure and plant at the airports; offers various flight related services and activities to customers, such as the landing and departure of aircraft; and provides airport security services. It also offers a range of commercial services for passengers, operators, and visitors; and produces electric and thermal...

Milan Linate Airport

Segrate, MI 20090

Italy

Founded in 1948

2,684 Employees

Key Executives for Società per Azioni Esercizi Aeroportuali S.E.A. S.p.A.

Chief Executive Officer and President
Chief Financial Officer
Chief Operating Officer and Deputy Chief Executive Officer
Chief Corporate Officer
General Manager
Compensation as of Fiscal Year 2015.

Società per Azioni Esercizi Aeroportuali S.E.A. S.p.A. Key Developments

SEA S.p.A. Announces Earnings and Operating Results for the First Half Ended June 30, 2015

SEA S.p.A. announced earnings and operating results for the first half ended June 30, 2015. Revenues in the first half of 2015 totaled EUR 333.5 million, principally in line with first half of 2014, which benefitted from the temporary transfer of flights from Orio al Serio. Excluding this factor, SEA Group revenues in first half of 2015 grew over EUR 6.5 million (+2.0% on first half of 2014), supported by the strong Aviation revenue performance of EUR 189.0 million (+4.1% excluding the impact of flights transferred from Bergamo in 2014) and Non-Aviation revenues of EUR 109.1 million. EBITDA in first half of 2015 amounted to EUR 101.4 million, up over EUR 6.2 million on the same period of 2014 (up EUR 11 million excluding the impact of flights transferred from Bergamo in 2014). The net debt at the end of June 2015 was EUR 606.7 million, increasing EUR 35.5 million on the end of 2014, impacted also by the investments which in May 2015 ensured the opening of the new Malpensa Terminal 1 commercial areas, open to all passengers ­ both Schengen or Non-Schengen - in order to maximise the visibility and usability of commercial spaces, which was assisted also by the centralisation of the security controls area. Net profit was EUR 38.1 million, up 98.1%. In the first half of 2015 the airport system managed by SEA moved 13.2 million passengers, decreasing approx. 400,000 compared to first half of 2014 - a period which benefited from the temporary transfer to Malpensa of flights from Orio al Serio airport due to runway resurfacing. Excluding this factor, passenger traffic in first half of 2015 at the SEA Group managed airports increased 0.5%.

Società per Azioni Esercizi Aeroportuali S.E.A. S.p.A., Board Meeting, Jul 30, 2015

Società per Azioni Esercizi Aeroportuali S.E.A. S.p.A., Board Meeting, Jul 30, 2015. Agenda: To review and approve the 2015 Half-Year Report.

SEA S.P.A. Reports Unaudited Consolidated and Parent Earnings Results for the Year Ended December 31, 2014

SEA S.P.A. reported unaudited consolidated and parent earnings results for the year ended December 31, 2014. 2014 group revenues totalled EUR 685.1 million, up 6.1% on the previous year. EBITDA in 2014 totalled EUR 205.9 million, up over EUR 23 million on the previous year. Net profit amounted to EUR 54.9 million, improving EUR 21.2 million (62.7% on the previous year). Net Debt at December 31, 2014 was EUR 571.2 million, increasing EUR 83.4 million on 2013, impacted significantly by the restructuring of commercial aviation Handling. The parent company SEA S.p.A. in 2014 reported revenues of EUR 655.6 million, increasing 4.8% on the previous year. EBITDA totalled EUR 201.4 million, up 16.9% and a net profit of EUR 56.4 million (8%).

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