Malta International Airport plc – Interim Directors’ Statement

Malta International Airport plc announced that following the publication of the unaudited financial statements for the six months ended 30 June 2013, no material events and /or transactions have taken place that would have an impact on the financial position of the Company, such that they would require specific mention, disclosure or announcement pursuant to the applicable Listing Rules, and which have not been otherwise announced through a Company Announcement.

During the period under review, the financial position of the Company has remained sound. Passenger Movements at the airport from January to October 2013 are up by 9.9% over last year. The company expects improved traffic results for the final two months of the year. The company forecasts to achieve another record for the full year 2013 and expects to reach passenger movements in excess of 3.9 million.

The incentive to refund landing fees to all scheduled airlines introduced in 2011 will be made available also this winter season. Landing fees will be refunded back to the airlines for the months of November and December 2013 and for January, February and March 2014. The company estimates that this initiative will cost the Company around €1.3 million in lost revenue.

The SkyParks Business Centre which was inaugurated in the second half of 2012 is expected to reach occupancy of 95% by the end of 2014 with almost all of the office space already contracted out.

Subject to any unforeseen circumstances, the Directors expect the Company’s financial results for the year will be better than the projections made at the beginning of the year and of those of 2012.

To view the official company announcement, click here.