Consolidated
Interim Financial
Report at 30 June 2023
Interim Consolidated Financial
Report at 30 June 2023
Contents
Interim report on operations | 3 |
ENAV Group in figures | 4 |
Corporate Bodies | 5 |
Business and Structure of the ENAV Group | 6 |
Information on ENAV's stock in the first half of 2023 | 7 |
Market and air traffic developments | 7 |
Performance and financial position of the ENAV Group | 13 |
Human resources | 20 |
Other information | 21 |
Risk management | 23 |
Outlook for operations | 28 |
Interim Condensed Consolidated Financial Statements at 30 June 2023 | 30 |
Consolidated Financial Statements | 31 |
Explanatory notes to the Interim Condensed Consolidated Financial Statements | 38 |
Attestation of the Chief Executive Officer and the Manager Responsible for financial | 68 |
reporting | |
Independent Auditors' Report | 69 |
2 - Consolidated Interim Financial Report at 30 June 2023 - ENAV Group
Interim report on operations
3 - Consolidated Interim Financial Report at 30 June 2023 - ENAV Group
ENAV Group in figures
Performance
1st Half 2023
1st Half 2022 | Change | % |
Total revenues | 436,581 | 412,107 | 24,474 | 5.9% |
EBITDA | 94,704 | 97,010 | (2,306) | -2.4% |
EBITDA margin | 21.7% | 23.5% | -1.8% | |
EBIT | 33,015 | 37,686 | (4,671) | -12.4% |
EBIT margin | 7.6% | 9.1% | -1.5% | |
Profit for the period attributable to shareholders of the Parent Company | 18,690 | 28,001 | (9,311) | -33.3% |
(thousands of euros) | ||||
Financial position | 30.06.2023 | 31.12.2022 | Change | % |
Net capital employed | 1,531,982 | 1,614,742 | (82,760) | -5.1% |
Consolidated equity | 1,116,516 | 1,206,894 | (90,378) | -7.5% |
Net financial debt | 415,466 | 407,848 | 7,618 | 1.9% |
(thousands of euros) | ||||
Other indicators | 1st Half 2023 | 1st Half 2022 | Change | % |
En-route service units | 4,718,483 | 4,068,151 | 650,332 | 16.0% |
Terminal service units Charging Zone 1 | 91,659 | 67,430 | 24,229 | 35.9% |
Terminal service units Charging Zone 2 | 160,993 | 142,906 | 18,087 | 12.7% |
Terminal service units Charging Zone 3 | 206,627 | 193,637 | 12,990 | 6.7% |
Free cash flow (thousands of euros) | (3,227) | (19,568) | 16,341 | -83.5% |
Headcount at end of period | 4,328 | 4,218 | 110 | 2.6% |
4 - Consolidated Interim Financial Report at 30 June 2023 - ENAV Group
Corporate Bodies
BOARD OF DIRECTORS (*) | |
(2023-2025 term) | |
CHAIRMAN | Alessandra Bruni |
CHIEF EXECUTIVE OFFICER | Pasqualino Monti |
DIRECTORS | Carla Alessi |
Stefano Arcifa | |
Rozemaria Bala | |
Franca Brusco | |
Carlo Paris | |
Antonio Santi | |
Giorgio Toschi | |
CONTROL, RISKS AND RELATED PARTIES COMMITTEE (**)
CHAIRMAN | Antonio Santi |
MEMBERS | Stefano Arcifa |
Franca Brusco | |
BOARD OF STATUTORY AUDITORS (2022-2024 term)
CHAIRMAN | Dario Righetti |
STANDING AUDITORS | Giuseppe Mongiello |
Valeria Maria Scuteri | |
ALTERNATE AUDITORS | Roberto Cassader |
Flavia Daunia Minutillo | |
SUPERVISORY BODY
REMUNERATION AND APPOINTMENTS COMMITTEE (**)
CHAIRMAN | Giorgio Toschi |
MEMBERS | Stefano Arcifa |
Rozemaria Bala | |
SUSTAINABILITY COMMITTEE (**) | |
CHAIRMAN | Alessandra Bruni |
MEMBERS | Carla Alessi |
Carlo Paris | |
(2022-2024 term)
CHAIRMAN | Maurizio Bortolotto |
MEMBERS | Domenico Gullo |
Marina Scandurra | |
AUDIT FIRM | ||
MAGISTRATE OF THE COURT OF AUDITORS DESIGNATED TO CONTROL ENAV S.p.A. | (2016-2024) | |
Tammaro Maiello | EY S.p.A. |
- The Shareholders' Meeting held on 28 April 2023 appointed ENAV's Board of Directors for the three-year period 2023-2025, expiring on the date of the Shareholders' Meeting to be convened to approve the financial statements at 31 December 2025;
(**) The Committees were reconstituted by the Board of Directors on 28 April 2023 following the Shareholders' Meeting.
5 - Consolidated Interim Financial Report at 30 June 2023 - ENAV Group
Attachments
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Disclaimer
ENAV S.p.A. published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 09:37:01 UTC.