Hamburg Airport has announced profits of €39 million for 2012 – down 20% on the previous year.
The airport maintained it was a “positive commercial finish” adding that its profits from 2011 had been “very high” due to the “liquidation of reserves”.
Some 13.7 million passengers used the airport in 2012, about 1% more than the previous year.
Turnover for the year was €251.5 million, only marginally down on 2011.
Michael Eggenschwiler, CEO of Hamburg Airport, said: “Despite the difficult market situation, Hamburg Airport proved itself in 2012.
“We increased passenger volume and generated a stable commercial result.
“Our passengers are clearly very satisfied with the comfort and service levels at Hamburg Airport, as is reflected in many awards.”
The 2012 result was influenced by three main factors, the airport said:
- a weakening of traffic development
- increased personnel costs due to a high public sector settlement
- high costs for infrastructure maintenance
Eggenschwiler added: “Hamburg Airport is well positioned. The cost consciousness and flexibility of our personnel are paying off.
“We believe in being dependable – for our employees as a dependable employer and for our customers as a dependable partner.”