1H 2017 Results Save Group
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Group Q1 2015 Revenues
Q1 15 Results Save Group Venice, May 15th 2015 1 Table of contents Section 1 Group overview Section 2 Appendix 2 SECTION 1 GROUP OVERVIEW 3 Q1 15 Revenues up, +7,1% YoY, EBITDA up, + 19,8% YoY • Q1 2015 Revenues: : revenues increase € million Q1 2015 Q1 2014 YoY % by 7,1% (or +c.€2,0m) thanks to i) increase of aviation revenues (+6,5% YoY Revenues 30,1 28,1 7,1% or +€1,2m) mainly driven by new tariffs and increase in pax, ii) increase of non EBITDA 8,7 7,3 19,8% aviation revenues in line with pax EBIT 4,1 3,5 20,0% increase (+5,4% YoY or +€0,5m) mainly Gross Profit of the period 2,3 2,7 -13,6% driven by parking (+7,2% YoY) and commercial revenues (+5,3% YoY) and iii) increase of other revenues (+22,2% YoY or +€0,4m), which include internal activities linked to investment plan and recharges. • Q1 2015 EBITDA: the margin shows an EBITDA margin EBIT margin increase by +19,8% (or +c€1,4m) driven by revenues and the better absorption of operating costs, which increased about + €0,5m YoY. The costs increase is primarily referred to higher labour costs (+€0,4m) due to strengthening of security and of Treviso airport operating staff. EBITDA on Revenues rises from 25,9% to 29%. 4 Dynamic trend in traffic (1/2) SYSTEM Q1 2015 % YoY Q1 2014 PAX 2.002.197 5,0% 1.906.942 MOV 19.317 2,1% 18.918 MTOW 1.246.731 2,8% 1.213.262 CARGO (tons) 11.220 14,8% 9.775 2011 - 2014 Trends in VCE and VCE Airport 2013-2015 Trends in VCE, TSF and Italy traffic system traffic vs Italy (as of Dec 2014) 5 Dynamic trend in traffic (2/2) In the last 5 years Venice Airport has outperformed the Italian market CAGR +6% vce airport growth (Mpax) 8,2 8,4 8,5 6,85 7,3 2010 2011 2012 2013 2014 Italian Market 139,8 148,8 146,9 144,1 150,5 (Mpax) CAGR +2% 6 Group Q1 2015 EBITDA • Q1 2015 EBITDA: EBITDA increase by 19,8% (or +€1,4m) thanks to i) increase of aviation revenues (+6,5% YoY or +€1,2m) mainly driven by new tariffs and increase in passengers, ii) increase of non aviation revenues (+5,4% YoY or +€0,5m) mainly driven by commercial revenues (+5,3% YoY or + c. -
Emilia Romagna Golf
Top Destination in Italy for Golf, Art & Gastronomy Top Destination in Italy for Golf, Art & Gastronomy Its Etruscan, Celtic, Roman, Lombard and Byzantine origins make this Region unique and multi-faceted. Bologna, Ferrara, Ravenna and all the art cities of the Region are renowned cultural destinations, where you can feel their history in the halls of ancient palaces and in the old walls that define the geometrical shape of the cities. Emilia Romagna is also sea and fun, indeed! With more than 100 Km of sandy beaches with a wide range of hotels, restaurants, discos, cinemas, theatres, and theme and water parks. This is the Riviera of Italy. Thanks to the Regional 20 spas and wellness centres - from the hills surrounding Parma to the beaches of Rimini and Riccione – Emilia-Romagna is an ideal place for relaxing and wellness. Nature lovers will find two National Parks, 13 Regional Parks, 13 Natural Reserves, and many State Reserves. The Apennines, during the winter season, offers ski lovers more than 250 Km of slopes from Piacenza to the Romagna area. In the summer season you can discover this area by walking, by mountain biking, by canoeing and kayaking. Along the 14 Food and Wine Trails and Routes, food lovers can find more than a thousand suggested stops like farms, wine cellars, cheese and ham producers and traditional workshops. All along the ancient Via Emilia, the fans of motors can discover the supercar industry widely known as Motor Valley. Among the famous companies are Ferrari, Lamborghini, Maserati and Ducati. But above all Emilia Romagna is also golf, plenty of top quality golf, on the days and at the times you prefer, thanks to 23 magnificent Championship courses situated close to one another and ready to welcome you 365 days a year. -
Diapositiva 1
Numbers Italian Airport Industry Association - ATI SHORT PROFILES OF AIR TECH ITALY COMPANIES Welcome to the Italian Airport Industry Association Air Tech Italy (ATI) is the leading Trade Association representing Italian companies specialized in supplying products, technologies and services for airports and air-traffic control. We are the first hub for international clients looking for top-quality Italian companies. We have divided the companies into six main segments AIR TRAFFIC MANAGEMENT AIRFIELD CONSTRUCTION & SERVICES ENGINEERING & CONSULTANCY IT TERMINAL Main Segment: IT Numbers 17+ 14 YEARS OF EXPERIENCE PRODUCT PORTFOLIO 46 8 AIRPORTS SERVED SALES AND TECHNICAL WORLDWIDE SUPPORT CENTRES Products & Services Top Airports served • A-DCS Departure control system • Milan Malpensa MXP • A-WBS Weight and balance system • Milan Linate LIN • A-CUBE Multi CUTE Client • Gaborone GBE • A-MDS Message Distribution System • Teheran IKA • A-ODB Airport Operational Database • Istanbul IST • A-SCHED Flight Schedule • Verona Catullo VRN IT Solutions Provider for Airports, Airlines and Ground • A-FIDS Flight information display system • Rome Fiumicino FCO Handlers A-ICE provides value-added IT solutions and • A-MIS Multimedia information system • Tel Aviv TLV integrated applications to Airport, Airlines and Ground • A-SCP Security check point • A-HDB Handling database • Bangkok BKK Handlers, with specific experience in the implementa- • A-CAB Contract and billing • Bari BRI tion and support of mission critical systems. • BRS Baggage Reconciliation System A-ICE relies on its strong relationship with the Air • A-VMS Vehicles Maintenance System Transport community, addressing and anticipating the • CLOS Cooperative Logistics Optimization System needs as they evolve. Company associated with Via dei Castelli Romani, 59, 00071 – Pomezia (RM) ITALY Tel. -
Flights and Airports
! ! ! Flights strategies Let me start with strategies for flying to Italy and getting to the Dolomites, a very important part of your trip! AIRPORTS NEAR THE DOLOMITES “A” Bolzano ABD airport “B” Innsbruck airport “C” Verona or Brescia airports “D” Venezia Marco Polo airport “E” Bergamo Orio al Serio airport “F” Milano airports “G” Out of Map: Munich Airport _____________________________________________________________________________________________ "Dolomites mountains are a natural site on UNESCO's World Heritage List!" 1 ! ! ! ”A” The Bolzano airport – ABD If you arrive in the Dolomites with a private flight, the Bolzano ABD airport is sure the best solution, in the ABD home page your pilot can find all information to reserve a landing date/time. At the moment no scheduled flights are available. The airport is currently discussing the matter with various airlines. About every 15 minutes is a urban bus )ticket on board( go from the airport to the centre of the town, but if you prefer I can welcome you directly at this airport with my FIAT Doblò car - 7 places. “B” The Innsbruck airport is a good alternative The airport of Innbruck have some connections with the Frankfurt airport )Lufthansa international flights from Australia and USA/ Canada( or with London. In this case EasyJet propose some interessant “low cost” flights. The airport of Innsbruck is connected with urban shuttle bus )every 18 minutes( with the railway station. From Innsbruck to Bolzano there are lot of trains in directed to Bolzano, generally 7 or 8 daily )1,5 hours medium travel time(. See the Austrian railways timetable. In alternative FlixBus ofer diferent travel by bus to Bolzano, click the link to check your best option. -
Top Destination in Italy for Golf, Art & Gastronomy
Top Destination in Italy for Golf, Art & Gastronomy Top Destination in Italy for Golf, Art & Gastronomy Its Etruscan, Celtic, Roman, Lombard and Byzantine origins make this Region unique and multi-faceted. Bologna, Ferrara, Ravenna and all the art cities of the Region are renowned cultural destinations, where you can feel their history in the halls of ancient palaces and in the old walls that define the geometrical shape of the cities. Emilia Romagna is also sea and fun, indeed! With more than 100 Km of sandy beaches with a wide range of hotels, restaurants, discos, cinemas, theatres, and theme and water parks. This is the Riviera of Italy. Thanks to the Regional 20 spas and wellness centres - from the hills surrounding Parma to the beaches of Rimini and Riccione – Emilia-Romagna is an ideal place for relaxing and wellness. Nature lovers will find two National Parks, 13 Regional Parks, 13 Natural Reserves, and many State Reserves. The Apennines, during the winter season, offers ski lovers more than 250 Km of slopes from Piacenza to the Romagna area. In the summer season you can discover this area by walking, by mountain biking, by canoeing and kayaking. Along the 14 Food and Wine Trails and Routes, food lovers can find more than a thousand suggested stops like farms, wine cellars, cheese and ham producers and traditional workshops. All along the ancient Via Emilia, the fans of motors can discover the supercar industry widely known as Motor Valley. Among the famous companies are Ferrari, Lamborghini, Maserati and Ducati. But above all Emilia Romagna is also golf, plenty of top quality golf, on the days and at the times you prefer, thanks to 25 magnificent Championship courses situated close to one another and ready to welcome you 365 days a year. -
KOD FLYGPLATS AAC Al Arish, Egypt
KOD FLYGPLATS AAC Al Arish, Egypt – Al Arish Airport AAM Mala Mala Airport AAN Al Ain, United Arab Emirates – Al Ain Airport AAQ Anapa Airport – Russia AAT Altay, China – Altay Airport AAX Araxa, Brazil – Araxa Airport ABC Albacete, Spain – Albacete Airport ABE Allentown-Bethlehem-Easton International, PA, USA ABK Kabri Dar, Ethiopia – Kabri Dar Airport ABL Ambler, AK, USA ABM Bamaga, Queensland, Australia ABQ Albuquerque, NM, USA – Albuquerque International A ABR Aberdeen, SD, USA – Aberdeen Regional Airport ABS Abu Simbel, Egypt – Abu Simbel ABT Al-Baha, Saudi Arabia – Al Baha-Al Aqiq Airport ABV Abuja, Nigeria – Abuja International Airport ABX Albury, New South Wales, Australia – Albury ABY Albany, GA, USA – Dougherty County ABZ Aberdeen, Scotland, United Kingdom – Dyce ACA Acapulco, Guerrero, Mexico – Alvarez International ACC Accra, Ghana – Kotoka ACE Lanzarote, Canary Islands, Spain – Lanzarote ACH Altenrhein, Switzerland – Altenrhein Airport ACI Alderney, Channel Islands, United Kingdom – The Bl ACK Nantucket, MA, USA ACT Waco, TX, USA – Madison Cooper ACV Arcata, CA, USA – Arcata/Eureka Airport ACY Atlantic City /Atlantic Cty, NJ, USA – Atlantic Ci ADA Adana, Turkey – Adana ADB Izmir, Turkey – Adnan Menderes ADD Addis Ababa, Ethiopia – Bole ADE Aden, Yemen – Aden International Airport ADJ Amman, Jordan – Civil ADK Adak Island, Alaska, USA, Adak Island Airport ADL Adelaide, South Australia, Australia – Adelaide ADQ Kodiak, AK, USA ADZ San Andres Island, Colombia AED Aleneva, Alaska, USA – Aleneva Airport AEP Buenos Aires, Buenos -
European Hub Airports – Assessment of Constraints for Market Power in the Local Catchment and on the Transfer Market
Technische Universität Dresden Fakultät Verkehrswissenschaften „Friedrich List” Institut für Wirtschaft und Verkehr DISSERTATION European Hub Airports – Assessment of Constraints for Market Power in the Local Catchment and on the Transfer Market zur Erlangung des akademischen Grades Doctor rerum politicarum (Dr. rer. pol.) im Rahmen des Promotionsverfahrens an der Fakultät Verkehrswissenschaften „Friedrich List“ der Technischen Universität Dresden vorgelegt von: Annika Paul, geb. Reinhold geb. am 30.09.1981 in Gifhorn Gutachter: Prof. Dr. rer. pol. habil. Bernhard Wieland Prof. Dr. rer. pol. Hans-Martin Niemeier Ort und Tage der Einreichung: Dresden, 23. Januar 2018 Ort und Tag der Verteidigung: Dresden, 04. Juni 2018 Abstract Airports have long been considered as an industry in which firms are able to exert significant market power. Nowadays, there is controversial discussion whether airports face a degree of competition which is sufficient to constrain potentially abusive behaviour resulting from this market power. The level of competition encountered by European airports has hence been evaluated by analysing the switching potential of both airlines and passengers between different airports, for example. The research within this thesis contributes to the field of airport competition by analysing the degree of potential competition 36 European hub airports face on their origin-destination market in their local catchments as well as on the transfer market within the period from 2000 to 2016. For this purpose, a two-step approach is applied for each market, with first analysing the degree of market concentration, using the Herfindahl Hirschman Index as a measure, for each destination offered at the hub airports and the respective development over time. -
Competitive Strategies to Attract Low Cost Airlines Application to Orio Al Serio Airport, Italy Paulo Alexandre Da Silva Carrilho
Competitive Strategies to Attract Low Cost Airlines Application to Orio al Serio Airport, Italy Paulo Alexandre da Silva Carrilho Abstract The airline deregulation act has stimulated the competition and allowed the growth of the air transportation. Consequently, low cost airlines emerged, which revolutionized the entire market. These companies had a huge economic and social impact and present specific operational requirements that forced the airports whose strategy is to lure these companies, to adapt to such characteristics. However, the great dynamism of this industry has exposed airports to several competitive forces. For that reason, it is essential to find analysis methodologies suitable to identify the best strategic options to deal with different types of competition. This document’s objective is to analyze various methodologies in order to choose the most effective one for evaluating the strategic options followed by the airport managements. Among these methodologies, it was considered that the five competitive forces model of Michael Porter is the best to apply to Orio al Serio airport, whose operations are largely dominated by low cost airlines. It was developed a quantitative methodology to classify the intensity of the different competitive forces that affect this airport. It was possible to conclude that the power of the airlines operating on it is the most intense competitive force on this type of airport which follows a generic competitive strategy of focus on the market segment of low cost airlines. 1. Introduction The current growth of the airline industry has been accompanied by the emergence of low cost airlines, which contributed to the growth of this industry and have revolutionized many processes due to the simplified procedures required by those airlines. -
First Riccardo Faini Doctoral Conference on Development Economics
UNIVERSITA’ DEGLI STUDI DI MILANO DIPARTIMENTO DI SCIENZE ECONOMICHE, AZIENDALI E STATISTICHE http://www.dagliano.unimi.it First Riccardo Faini Doctoral Conference on Development Economics September 13-15, 2007 University of Milan, Palazzo Feltrinelli, Gargnano (BS), ITALY Local information Arrival: Thursday, September 13 at 12.00. Departure: Saturday, September 15 at 12.00. Conference Venue Palazzo Feltrinelli Via Castello 3 25084 Gargnano (Brescia), Italy Tel: +39 0365 72693 Fax: +39 0365 72832 Palazzo Feltrinelli is a beautiful historical villa by the Garda Lake, now owned by the University of Milan and used for workshops and meetings. The villa includes a main hall, two lecture halls, a restaurant, single/double rooms, as well as other facilities intended to make your stay pleasant. A photocopy machine and an overhead projector will be available at Palazzo Feltrinelli, while computers and internet access are not available at the villa. Accomodation and meals from lunch on Thursday to breakfast on Saturday will be provided to all participants at the conference venue. Directions Participants are advised to travel either to Milano or Brescia. Milano can be reached by plane from most countries or directly by train from European countries. People arriving by plane at Malpensa airport (http://www.sea-aeroportimilano.it/it/malpensa/), where most flights from abroad land, can take the Malpensa Shuttle (http://www.malpensashuttle.it) to the Milano Centrale railway station (50 minutes, € 5,50) or the Malpensa Express train (http://www.malpensaexpress.it) to Milano Cadorna (40 minutes, € 11) and then the underground to the Milano Centrale railway station (green line, 5 stops, 20 minutes, € 1). -
Copertina Action Plan 2021
ITALY’S ACTION PLAN O N C O 2 E M I S S I O N S R E D U C T I O N EDITION 2021 ENAC Italian Civil Aviation Authority Viale Castro Pretorio, 118 00185 Rome – ITALY Main contacts Fabio Nicolai Aviation Regulation Central Director Ph. +39 06 44596235 [email protected] Andrea Marotta Air Transport & Environment Regulation Director Ph. +39 06 44596337 [email protected] Mark De Laurentiis Air Transport & Environment Regulation Ph. +39 06 44596XXX [email protected] Silvia Egoli Air Transport & Environment Regulation Dept. CAEP Member Ph. +39 06 44596252 [email protected] Alberto Anglade Airworthiness Regulation Dept. Action Plan Focal Point Ph. +39 06 44596744 [email protected] 2 Table of Contents 1. INTRODUCTION ................................................................................................... 5 2. CURRENT STATE OF AVIATION IN ITALY ..................................................... 7 2.0 Foreword ................................................................................................................................. 7 2.1 Airlines ..................................................................................................................................... 7 2.2 Airports .................................................................................................................................. 13 2.2.1 Italy’s current airport capacity .................................................................................... 16 2.3 Effects of Covid-19 in 2020 .............................................................................................. -
SAVE Group Consolidated Half Year Financial Report at 30 June 2017
SAVE Group Consolidated Half-Year Report at June 30, 2017 Contents 3 SAVE S.p.A. Ownership Structure 3 SAVE S.p.A. Board of Directors 4 SAVE S.p.A. Board of Statutory Auditors 5 Interim Directors’ Report at June 30, 2017 37 Condensed Consolidated Half-Year Financial Statements at June 30, 2017 Consolidated Balance Sheet Consolidated Income Statement Consolidated Comprehensive Income Statement Consolidated Cash Flow Statement Statement of changes in Consolidated Shareholders’ Equity 43 Notes to the Condensed Consolidated Half-Year Financial Statements 102 Supplementary Statements Statement of changes in intangible assets Statement of changes in tangible assets Transactions with related parties 106 Declaration of the Condensed Consolidated Half-Year Financial Statements as per Article 154-bis of Legs. Decree No. 58/98 SAVE S.p.A. Euro 35,971,000.00 fully paid-in Registered Office: Marco Polo Airport - Venice Tessera Viale G. Galilei n. 30/1 Venice REA No.: 201102 Venice Company Registration Office No.: 29018, Tax Code and VAT No.: 02193960271 Based on the shareholders’ register, through communications received in accordance with Article 120 of Legislative Decree No. 58/98 and other information available to the company, the shareholders of SAVE S.p.A. with holdings of greater than 3% at June 30, 2017 were the following (in addition to treasury shares held at that date): % held MARCO POLO HOLDING S.R.L. 51.23 ATLANTIA S.P.A. 22.10 AGORA’ INVESTIMENTI SPA 7.82 METROPOLITAN CITY OF VENICE 4.78 MARKET 12.88 SAVE SPA 1.19 The share percentage holdings of Companies belonging to Finanziaria Internazionale Holding S.p.A. -
Exploring Connectivity in Air Transport As an Equity Factor
Exploring Connectivity in Air Transport as an Equity Factor Frederico Ferreira Valente Nunes Thesis to obtain the Master of Science Degree in Civil Engineering Thesis supervised by Prof. Maria do Rosário Maurício Ribeiro Macário Examination Committee Chairperson: Prof. João Torres de Quinhones Levy Supervisor: Prof. Maria do Rosário Maurício Ribeiro Macário Member of the Committee: Doutor Vasco Domingos Moreira Lopes Miranda dos Reis September 2015 Exploring Connectivity in Air Transport as an Equity Factor| Frederico Valente Nunes | II Exploring Connectivity in Air Transport as an Equity Factor| Frederico Valente Nunes | And our people shall leave to find a new India, One that does not exist yet, On boats built from the same material dreams are made of. Fernando Pessoa, in Renascença Portuguesa E a nossa grande raça partirá em busca de uma Índia nova, Que não existe no espaço, Em naus que são construídas daquilo de que os sonhos são feitos. Fernando Pessoa, in Renascença Portuguesa III Exploring Connectivity in Air Transport as an Equity Factor| Frederico Valente Nunes | IV Exploring Connectivity in Air Transport as an Equity Factor| Frederico Valente Nunes | Abstract (and key-words) Abstract (and key-words) In this Master Dissertation we analysed the equity in air transportation in the European Union (EU) regarding routes and ticket prices. This study aimed to analyse whether the European Union policies in this field of transportation are considering the equity as a factor, whether they ensure the main purposes of the EU and whether they are improving the cohesion between countries. For this, three different indicators were created in order to evaluate equity in air transportation in the EU: Availability, the existence of routes between countries; Affordability, if the prices take into account the purchasing power of each country; and Business Convenience, to evaluate the cost of travelling by air on business in Europe.