Key figures

Economic

Results of operations, assets, and financial position

€ million

 

2021

 

2020

 

2019

 

Change in % 2021/20

Group revenue

 

601.3

 

579.7

 

1,568.00

 

3.7

Of which aviation in %

 

45

 

41

 

55

 

 

Of which non-aviation in %

 

55

 

59

 

45

 

 

EBITDA

 

-45.8

 

-161.8

 

554.3

 

 

EBIT

 

-285.7

 

-403.9

 

345.5

 

 

Consolidated earnings after taxes (EAT)

 

-261.3

 

-321.4

 

177.8

 

 

EBITDA margin in %

 

-7.6

 

-27.9

 

35.4

 

 

EBITDA/Pax in €

 

-3.7

 

-14.6

 

11.6

 

 

EBIT margin in %

 

-47.5

 

-69.7

 

22

 

 

ROCE1) in %

 

-6.0

 

-8.4

 

7.6

 

 

Cash flow from operating activities

 

-45.8

 

-116

 

429.1

 

 

Investments

 

250.0

 

391

 

319.4

 

-36.1

Free cash flow

 

-273.5

 

-503.8

 

109.1

 

 

Equity

 

1,815.2

 

2,065.00

 

2,378.10

 

-12.1

Equity ratio in %

 

33.0

 

37.4

 

42.9

 

 

Net debt

 

2,945.7

 

2,633.40

 

2,108.10

 

11.9

Net debt/EBITDA

 

-64.3

 

-16.3

 

3.8

 

 

Net gearing (net debt/equity) in %

 

162

 

128

 

89

 

 

1)

ROCE = EBIT/(equity + net debt + ongoing employee benefits)

Ecological

CO2 emissions

In tonnes

 

2021

 

2020

 

2019

 

Change in % 2021/20

Direct emissions Scope 1

 

73,075

 

73,407

 

88,876

 

-0.5

Indirect emissions Scope 2

 

5,265

 

7,065

 

12,635

 

-25.5

Attributable CO2 emissions

 

78,340

 

80,472

 

101,511

 

-2.6

Specific CO2 emissions

In kilograms

 

2021

 

2020

 

2019

 

Change in % 2021/20

CO2 emissions per passenger

 

8.20

 

9,711)

 

3.08

 

-15.6

1)

Errors identified during the review of the data were subsequently corrected.

Drinking water and wastewater

In cubic meters

 

2021

 

2020

 

2019

 

Change in % 2021/20

Volume of purchased drinking water

 

562,510

 

563,789

 

1,032,239

 

-0.2

Drinking water consumption per 1,000 TU1)

 

39.6

 

44.7

 

20.1

 

-11.4

Total wastewater discharged

 

1,955,165

 

1,610,406

 

2,494,388

 

21.4

Wastewater per 1,000 TU1)

 

137.6

 

127.7

 

48.5

 

7.8

1)

Traffic units

Social

Employee structure1)

Number

 

2021

 

2020

 

2019

 

Change in % 2021/20

Total

 

8,693

 

9,338

 

9,806

 

-7.0

Women in %

 

32.21

 

31.92

 

32.55

 

0.9

Men in %

 

67.79

 

68.08

 

67.45

 

-0.4

Full-time in %

 

78.82

 

78.25

 

75.79

 

0.7

Part-time in %

 

21.18

 

21.75

 

24.21

 

-2.6

< 30 years in %

 

10.96

 

13.09

 

15.68

 

-16.3

30–50 years in %

 

51.07

 

51.40

 

51.56

 

-0.6

> 50 years in %

 

37.97

 

35.51

 

32.76

 

6.9

1)

Reporting date: December 31: Figures exclude apprentices, workers in minor employment, temporary workers, and interns

Apprentices

Number

 

2021

 

2020

 

2019

 

Change in % 2021/20

Total

 

247

 

287

 

303

 

-13.9

Occupational health and safety

Number

 

2021

 

2020

 

2019

 

Change in % 2021/20

Reportable occupational accidents

 

107

 

94

 

236

 

13.8

Resulting days of absence

 

2,264

 

2,508

 

6,539

 

-9.7

Rate per 1,000 workers

 

13.38

 

10.85

 

27

 

23.3

Operational

Air travellers

In millions

Air travellers (bar chart (horizontal))
  • Passenger figures increased by 1.4 million, or more than twelve percent, to 12.5 million compared with 2020.
  • This meant that the airport achieved only slightly more than a quarter of its record result from the pre-crisis year 2019.

Aviation business

Aircraft movements

In thousands

Aircraft movements (bar chart (horizontal))
  • A total of around 153,000 take-offs and landings were recorded in 2021.
  • This is 6,000 aircraft movements or over four percent more than in the previous year.

Aviation business

Management-related

Munich Airport has defined four key performance indicators to measure the development of the company. These key performance indicators are a measure of doing business in a sustainable and integrated manner and influence the variable remuneration components for managers.

Consolidated earnings before taxes (EBT)

€ million

Consolidated earnings before taxes (EBT) (bar chart (horizontal))
  • EBT in fiscal 2021 continues to be impacted by the effects of the Corona pandemic.
  • Despite drastic countermeasures, it was not possible to compensate for the decline in earnings.

Target achievement and overall assessment

CO2 reductions1)

In tonnes

CO2 reductions (bar chart (horizontal))
1) 2020 and 2021 CO2 reductions excluding savings from use of preconditioned air, i.e., energy efficiencies and deployment only.
  • Munich Airport’s goal is to be CO2 neutral by 2030.
  • Several factors led to a sharp decline in the implementation of CO2 reduction measures.

Target achievement and overall assessment

Lost Time Incident Frequency (LTIF)

Lost time incident frequency (LTIF) (bar chart (horizontal))
  • Lost Time Incident Frequency (LTIF) represents a accident benchmarkable frequency rate.
  • This key performance indicator will be relevant to the management of Flughafen München GmbH and AeroGround München from 2022. There are plans to extend it to other subsidiaries.

Control system and values management

Passenger Experience Index (PEI)

Passenger Experience Index (PEI) (bar chart (horizontal))
  • The customer satisfaction metric increased significantly in 2021.
  • In 2021, Munich Airport was only able to conduct passenger surveys in the second half of the year due to corona.

Target achievement and overall assessment

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