ENAV Nine months 2023 results approved

• En-route and terminal traffic up 11% and 10.7%, respectively, in terms of service units compared to the first nine months of 2022 

• Consolidated revenue of €740.2 million, up 3.6% compared to the same period of 2022 

• Consolidated EBITDA of €220 million, in line with the first nine months of 2022, with an EBITDA margin of 29.7% 

• Consolidated EBIT at €131.7 million, up 0.4% compared to the same period of 2022, with an EBIT margin of 17.8%

The Board of Directors of ENAV S.p.A., in their meeting held today under the chairmanship of Alessandra Bruni, approved the Interim Financial Report as at 30 September 2023.

The first nine months of 2023 were characterised by continued strong growth in air traffic, reaching the highest level ever recorded in Italy. En-route service units increased by 4.0% in comparison to 2019, a record year for Italian aviation.

Chief Executive Officer Pasqualino Monti said: “The positive trend in the first nine months of 2023 confirms that the air traffic demand in the Italian airspace is very strong.

We are seeing an interesting trend and we expect to end the year in line with the positive forecasts issued by Eurocontrol.

The Company is continuing to invest in modernising the airspace infrastructure, ensuring the standard levels of safety and quality of service. We maintained excellent performance even during the summer season, which is the busiest period in terms of traffic volumes. In addition to pursuing projects related to the core business, expansion and diversification in the non-regulated market remain a central element in the Group's industrial strategy”.