ENAV S p A : CONSOLIDATED INTERIM FINANCIAL REPORT AS AT 30 JUNE 2021
August 04, 2021 at 07:16 am EDT
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Innovating the Sky
Consolidated Interim
Financial Report
as at 30 June 2021
enav.it
Contents
Interim report on operations
4
ENAV in figures
5
Corporate bodies
6
Business and structure of the ENAV Group
7
Information on ENAV's stock in the first half of 2021
8
Market and air traffic developments
9
Performance and financial position of the ENAV Group
16
Human resources
25
Other information
26
Risk management
30
Outlook for operations
34
Interim condensed consolidated financial statements at 30 June 2021
36
Consolidated financial statements
37
Explanatory notes to the interim condensed consolidated financial statements
44
Attestation of the Chief Executive Officer and the Manager responsible for
88
financial reporting
Independent Auditor's Report
89
ENAV Group - Consolidated Interim Financial Report as at 30 June 2021
3
Interim report on operations
ENAV Group - Consolidated Interim Financial Report as at 30 June 2021
4
ENAV in figures
Performance
1st Half 2021
1st Half 2020
Change
%
Total revenues
374,993
372,491
2,502
0.7%
EBITDA
76,614
88,022
(11,408)
-13.0%
EBITDA margin
20.4%
23.6%
-3.2%
EBIT
14,830
20,483
(5,653)
-27.6%
EBIT margin
4.0%
5.5%
-1.5%
Profit for the year attributable to shareholders of the
Parent Company
13,667
15,720
(2,053)
-13.1%
(thousands of euros)
Financial position
30.06.2021
31.12.2020
Change
%
Net capital employed
1,491,718
1,330,595
161,123
12.1%
Consolidated equity
1,102,082
1,085,467
16,615
1.5%
Net financial debt
389,636
245,128
144,508
59.0%
(thousands of euros)
Other indicators
1st Half 2021
1st Half 2020
Change
%
En-route service units
1,572,514
1,884,969
(312,455)
-16.6%
Terminal service units Charging Zone 1
23,948
43,074
(19,126)
-44.4%
Terminal service units Charging Zone 2
58,796
70,993
(12,197)
-17.2%
Terminal service units Charging Zone 3
69,634
78,087
(8,453)
-10.8%
Free cash flow (thousands of euros)
(146,335)
(112,336)
(33,999)
30.3%
Headcount at end of period
4,203
4,230
(27)
-0.6%
ENAV Group - Consolidated Interim Financial Report as at 30 June 2021
5
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ENAV S.p.A. published this content on 04 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 11:15:13 UTC.
Enav SpA is an Italy-based company active in the air traffic control (ATC) industry. It operates three sectors: Air Navigation Services, Maintenance Services and Other Services. Air Navigation Services provide air traffic control, management and other air navigation services to national airspace and civil airports. Maintenance Services cover management and maintenance of equipment and systems used for national air traffic control. Other Services include business development and delivery of services to non-regulated market, with a focus on Southeast Asia; implementation of a global satellite monitoring system for air traffic control, aiming to enable the comprehensive surveillance of all routes worldwide, with a focus on polar, oceanic and other remote areas not covered by the radar-based air traffic control services; development and provision of services for low-altitude air traffic management of remotely piloted aircraft and all the other aerial vehicles, among others.
ENAV S.P.A. 
