The SEA Group manages the Malpensa and Linate airports under a 40-year agreement signed by SEA and the Italian Civil Aviation Authority in 2001.
The Milan airport system consists of the following airports:
Milano Malpensa
Milan’s intercontinental airport, consisting of two terminals. Terminal 1, which was fully renovated following the completion of the restyling of the Schengen area, serves a wide range of domestic, international and intercontinental destinations and offers a diverse assortment of services to meet the needs of all of the airport’s passengers. Terminal 2 is easyJet’s main base of operations in Europe, serving a broad network of destinations. Both terminals can be reached by train.
Milano Linate
Primarily serves frequent-flyers travelling to destinations in Italy and the EU. Just 8 KM from Milan city centre, Linate is truly a city airport, with structures and areas dedicated to business and shopping. The restyling of the airport is currently in progress, while during the 2019 financial year it was closed for three months for the resurfacing of the runway.
Milano Linate Prime & Milano Malpensa Prime
Airports managed by SEA Prime S.p.A., a subsidiary of SEA S.p.A.. Dedicated to general aviation, their services and facilities provide significant added value.
Milano Malpensa Cargo
Is the nerve centre of inbound and outbound cargo distribution in Italy.
Finally, through SEA Energia SpA (a wholly-owned subsidiary of SEA S.p.A.), the Group owns two co-generation plants at Linate and Malpensa, mainly meeting the energy needs of the airports by providing electricity, heat and district cooling.
THE GROUP I.D.
| FOUNDED | May 22, 1948 |
|---|---|
| HEADQUARTER | Milan Linate Airport - 20090 Segrate (MI) |
TAX CODE AND MILAN COMPANIES REGISTRATION OFFICE NO | 00826040156 |
| SHARE CAPITAL | € 27,500,000 |
| NUMBER OF EMPLOYEES 2023 | 2,349 |
| REVENUES 2023 | € 801,100,000 |
| NET PROFIT 2023 | € 156,200,000 |
| PASSENGERS 2023 | 35.3 milion |
| AIRPORT MOVEMENTS 2023 | 279.4 thousand |
| FREIGHT MOVEMENTS 2023 | 667.2 thousand (tons) |
| OPERATING RESULTS | 2023 | 2022 | |
|---|---|---|---|
| Revenues | thousands of Euro | 801,105 | 767,516 |
| EBITDA (1) | thousands of Euro | 335,284 | 290,249 |
| EBIT | thousands of Euro | 206,210 | 199,500 |
| Pre-tax result | thousands of Euro | 223,240 | 199,572 |
| Net result from assets held-for-sale | thousands of Euro | 775 | (3,960) |
| Group Net Result | thousands of Euro | 156,207 | 182,460 |
| FINANCIAL DATA | 2023 | 2022 | |
| Net capital employed | thousands of Euro | 784,149 | 731,037 |
| Group Shareholders' equity | thousands of Euro | 499,017 | 342,836 |
| Net financial debt (2) | thousands of Euro | 285,101 | 388,170 |
(1) EBITDA is calculated as the difference between total revenues and total operating costs, not including provisions and write-downs, restoration and replacement provisions and amortisation & depreciation.
(2) Net financial debt or Net financial position (NFP) is the sum of liquidity, financial receivables and current securities, net of financial payables (current and non-current) and the fair value of financial debt hedging derivatives.