Company Overview of Società per Azioni Esercizi Aeroportuali S.E.A. S.p.A.
Società per Azioni Esercizi Aeroportuali – SEA S.p.A. develops and manages airport infrastructure in Europe. The company operates through Commercial Aviation, General Aviation, and Energy segments. It manages Milano Malpensa and Milano Linate airports. 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 energy. In addition, the company operates as a gen...
Milan Linate Airport
Segrate, MI 20090
Founded in 1948
Key Executives for Società per Azioni Esercizi Aeroportuali S.E.A. S.p.A.
Chief Executive Officer and President
Chief Operating Officer and Deputy Chief Executive Officer
Compensation as of Fiscal Year 2016.
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
Jul 31 15
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
Jul 31 15
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.
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