Swedavia Annual Report 2010

Solberg | Photos: ddr.gbg, Stefan Berg and Helena Sjöholm | Illustrator: Maria Kask | Translation: Susan Long | Printing: Bille SWEDAVIA ANNUAL REPORT 2010 REPORT ANNUAL SWEDAVIA Together we bring the world closer. s Tryckeri CONTENTS THIS IS SWEDAVIA 1 THE YEAR IN BRIEF 2 COMMENTS OF THE PRESIDENT AND CEO AND THE CHAIRMAN OF THE BOARD 4 THE MARKET AND THE WORLD 8 STRATEGY AND GOVERNANCE 12 SWEDAVIA’S AIRPORTS 22 SUSTAINABLE DEVELOPMENT 38 LOCAL COMMUNITIES 44 EMPLOYEES 48 ENVIRONMENT 54 REPORT OF THE DIRECTORS 67 INCOME STATEMENTS 73 BALANCE SHEETS 74 CASH FLOW STATEMENT 77 NOTES 79 Swedavia AB AUDIT REPORT 100 CORPORATE GOVERNANCE REPORT 101 BOARD OF DIRECTORS 108 EXECUTIVE 190 45 Stockholm-Arlanda Tel. +46 (0)8-797 60 00 SWEDAVIA ANNUAL REPORT 2010 Sweden Fax: +46 (0)8-797 86 00 www.swedavia.se MANAGEMENT 110 GRI INDEX 111 STATEMENT OF COMPLIANCE 115 DEFINITIONS 116 The formal Annual Report comprises pages 66–99. This is a translation of the Swedish language original. In the event of any differences between this translation and the original, the Swedish version shall prevail. Solberg | Photos: ddr.gbg, Stefan Berg and Helena Sjöholm | Illustrator: Maria Kask | Translation: Susan Long | Printing: Bille SWEDAVIA ANNUAL REPORT 2010 REPORT ANNUAL SWEDAVIA Together we bring the world closer. s Tryckeri CONTENTS THIS IS SWEDAVIA 1 THE YEAR IN BRIEF 2 COMMENTS OF THE PRESIDENT AND CEO AND THE CHAIRMAN OF THE BOARD 4 THE MARKET AND THE WORLD 8 STRATEGY AND GOVERNANCE 12 SWEDAVIA’S AIRPORTS 22 SUSTAINABLE DEVELOPMENT 38 LOCAL COMMUNITIES 44 EMPLOYEES 48 ENVIRONMENT 54 REPORT OF THE DIRECTORS 67 INCOME STATEMENTS 73 BALANCE SHEETS 74 CASH FLOW STATEMENT 77 NOTES 79 Swedavia AB AUDIT REPORT 100 CORPORATE GOVERNANCE REPORT 101 BOARD OF DIRECTORS 108 EXECUTIVE 190 45 Stockholm-Arlanda Tel. +46 (0)8-797 60 00 SWEDAVIA ANNUAL REPORT 2010 Sweden Fax: +46 (0)8-797 86 00 www.swedavia.se MANAGEMENT 110 GRI INDEX 111 STATEMENT OF COMPLIANCE 115 DEFINITIONS 116 The formal Annual Report comprises pages 66–99. This is a translation of the Swedish language original. In the event of any differences between this translation and the original, the Swedish version shall prevail. A clear task The symbol represents Scandinavia, simplicity, transparency and safety. It is an active hub, a central point with arrivals and depart- ures that bring the world closer. The green colour suggests nature and sustainable thinking about the environment and climate change. TASK AND HISTORY Swedavia is a State-owned Group that owns, operates VISION AND MISSION and develops airports throughout Sweden. Task The process of forming a company Vision Swedavia is a group that owns, operates and develops 13 air- Swedavia is a State-owned airport Groups operating since April Swedavia is an important part of national and international Together we bring the world closer. ports across Sweden. Operations are fi nanced entirely by 1, 2010, when the enterprise Luftfartsverket (LFV) was divided mass transport. Swedavia’s role is to create the access that Swedavia’s operations involve making Sweden accessible and revenue from Swedavia’s services and products. into two parts: airports and air navigations services. The reason Sweden needs in order to facilitate travel, business and enabling people who live in Sweden to experience the world, as The number of airports will be reduced to the ten airports for the Swedish Parliament’s decision was that different business meetings. leisure and business travellers. Together with our partners and included in the national basic airport infrastructure decided by conditions applied in the two operations. Swedavia works very actively to increase travel by employees, Swedavia wants to create an experience that makes the government: Bromma Stockholm Airport, Göteborg Land- For Swedavia, the conversion to a limited liability company passengers want to return, again and again. The more Swedavia enhancing the competitiveness of airlines and tenants and vetter Airport, Kiruna Airport, Luleå Airport, Malmö Airport, creates better business opportunities. This form has a system of develops operations, the closer the world gets. Ronneby Airport, Stockholm Arlanda Airport, Umeå Airport, regulations that is suited to companies that work in a commer- creating positive travel experiences. Safe, satisfi ed passen- Visby Airport and Åre Östersund Airport. cial environment, provides conditions for a faster decision- gers are at the heart of Swedavia’s business. Mission Swedavia shall work actively based on sound business making process and facilitates collaboration with other parties. One of Swedavia’s strategic goals is to operate and We at Swedavia shall create added value for our customers principles to develop the transport sector and help achieve develop airports with the least environmental impact through attractive airports and access. Together with our the transport policy goals set by the Swedish Parliament possible. Swedavia is a world leader in this fi eld. partners, we are continuously developing our business. The Swedavia Group has annual revenue of about 4.5 billion Swedish kronor and some 2,500 employees. www.swedavia.se Passenger growth, 1993–2010, Swedavia’s 13 airports1 Millions of passengers 20 Domestic 18 International 16 14 12 10 8 CALENDAR 6 4 2011–04–28 Annual General Meeting 2011–04–29 Quarterly report Q1 2011 2 2011–08–15 Quarterly report Q2 2011 2011–10–28 Quarterly report Q3 2011 Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 All comparative figures for the time before April 2010 are pro forma and based on operations previously run under LFV. A clear task The symbol represents Scandinavia, simplicity, transparency and safety. It is an active hub, a central point with arrivals and depart- ures that bring the world closer. The green colour suggests nature and sustainable thinking about the environment and climate change. TASK AND HISTORY Swedavia is a State-owned Group that owns, operates VISION AND MISSION and develops airports throughout Sweden. Task The process of forming a company Vision Swedavia is a group that owns, operates and develops 13 air- Swedavia is a State-owned airport Groups operating since April Swedavia is an important part of national and international Together we bring the world closer. ports across Sweden. Operations are fi nanced entirely by 1, 2010, when the enterprise Luftfartsverket (LFV) was divided mass transport. Swedavia’s role is to create the access that Swedavia’s operations involve making Sweden accessible and revenue from Swedavia’s services and products. into two parts: airports and air navigations services. The reason Sweden needs in order to facilitate travel, business and enabling people who live in Sweden to experience the world, as The number of airports will be reduced to the ten airports for the Swedish Parliament’s decision was that different business meetings. leisure and business travellers. Together with our partners and included in the national basic airport infrastructure decided by conditions applied in the two operations. Swedavia works very actively to increase travel by employees, Swedavia wants to create an experience that makes the government: Bromma Stockholm Airport, Göteborg Land- For Swedavia, the conversion to a limited liability company passengers want to return, again and again. The more Swedavia enhancing the competitiveness of airlines and tenants and vetter Airport, Kiruna Airport, Luleå Airport, Malmö Airport, creates better business opportunities. This form has a system of develops operations, the closer the world gets. Ronneby Airport, Stockholm Arlanda Airport, Umeå Airport, regulations that is suited to companies that work in a commer- creating positive travel experiences. Safe, satisfi ed passen- Visby Airport and Åre Östersund Airport. cial environment, provides conditions for a faster decision- gers are at the heart of Swedavia’s business. Mission Swedavia shall work actively based on sound business making process and facilitates collaboration with other parties. One of Swedavia’s strategic goals is to operate and We at Swedavia shall create added value for our customers principles to develop the transport sector and help achieve develop airports with the least environmental impact through attractive airports and access. Together with our the transport policy goals set by the Swedish Parliament possible. Swedavia is a world leader in this fi eld. partners, we are continuously developing our business. The Swedavia Group has annual revenue of about 4.5 billion Swedish kronor and some 2,500 employees. www.swedavia.se Passenger growth, 1993–2010, Swedavia’s 13 airports1 Millions of passengers 20 Domestic 18 International 16 14 12 10 8 CALENDAR 6 4 2011–04–28 Annual General Meeting 2011–04–29 Quarterly report Q1 2011 2 2011–08–15 Quarterly report Q2 2011 2011–10–28 Quarterly report Q3 2011 Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 All comparative figures for the time before April 2010 are pro forma and based on operations previously run under LFV. THIS IS SWEDAVIA Swedavia’s airports Kiruna Airport Swedavia shall create the access that “Sweden needs and facilitate travel, business and meetings. Karl Wistrand, CFO Swedavia Luleå Airport Åre Östersund Airport Umeå Airport Örnsköldsvik Airport Sundsvall Härnösand Airport Stockholm Arlanda Airport Bromma Stockholm Airport Göteborg Landvetter Airport Visby Airport Ängelholm Helsingborg Airport Ronneby Airport Airports operated by Swedavia Malmö Airport Airports operated by Swedavia but to be divested SWEDAVIA 2010 1 THE YEAR IN BRIEF The year in brief Swedavia AB started operating on April 1, 2010, when LFV’s operations were divided into two parts. Airport operations were successfully turned into a limited liability company.

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