“Recording better financial results and acquiring additional funds, the enterprise improved business profitability and level of financial safety, a fact reflected by financial ratios. The operating margin, measuring the net profit in sales revenues, increased by 5.5% in 2016 and totalled 24.4%,” says Mariusz Szpikowski, the general director of ‘Polish Airports’ State Enterprise and director of Warsaw Chopin Airport.
Mr Szpikowski stresses that financial results are currently under audit.
The year 2016 was also successful in terms of cost management. Operating costs went up by 2.9%, to PLN 525.8 million, a slight increase, which should be attributed to the launch of new facilities, mainly the refurbished T1 zone of the airport’s Terminal A.
There was a drop in costs in other areas of activity, in particular with regard to consumption of materials and energy and salaries. In the latter category the decrease resulted from the release of provisions for the annual award and jubilee awards.
PPL also managed to shift the dynamics of revenue and cost growth, which contributed to the improvement of performance indices. For example, personnel costs’ share in sales revenues and operating costs dropped to 24.1% and 37.1% respectively. The enterprise has full capacity to settle liabilities (a 2.6 financial liquidity index).
“Our biggest challenge in the upcoming years is to ensure the throughput of Chopin Airport and the region,” concludes Mr Szpikowski.