MIA’s SkyParks with 70% confirmed occupancy

The Annual General Meeting of Malta International Airport plc saw the Viennese-Maltese consortium declaring a net dividend for 2011 of €0.07 per share, a total payment of €9,471,000.

Outgoing chairman Andreas Schadenhofer said the 2011 results were nothing short of remarkable. "Having once again ranked as 'Best European Airport' across all categories in the Airport Service Quality survey by the Airports Council International is a key indicator that we really are putting our passengers at the centre of our activity."

Schadenhofer had a special word of thanks to former CEO Julian Jaeger, commenting on his leadership and vision as essential to the achievement of the 2011 results.

Kicking off his review, CEO Markus Klaushofer said MIA was punching above its weight, while managing to control costs, which in 2011 included a decrease of 2.6% in utilities cost and 12.5% in security costs. The company also continued with the early retirement schemes in 2011.

Passengers increased by 6.5% when compared to 2010, with total number of passengers reaching the record figure of 3.5 million.

MIA's retail and property segment achieved a growth of 1.3%, seen in the context of the increase of 10.6% in 2010 over 2009, on top of 22.9% over 2008. "These results vindicate the company's diversification strategy which later on this year will be strengthened with the opening of the SkyParks Business Centre, which is expected to be inaugurated with 70% confirmed occupancy."

The confirmed board of directors are Michael Bianchi, Jackie Camilleri, and Yousef Sabeh as non-executive directors; who are joined by CEO Markus Klaushofer and CFO Austin Calleja as executive directors. They are joined by newly appointed directors Nikolaus Gretzmacher and Michael Hoeferer.