Press release

Airport operating company increases revenue and profit
FBB presents its Annual Report for 2024

Flughafen Berlin Brandenburg GmbH once again delivered a positive operating business result in 2024. EBITDA – earnings before interest, taxes, depreciation and amortisation – as well as special items, stood at EUR 152.3 million last year, a solid 22 per cent above the previous year’s figure. Revenue rose to EUR 645.7 million when compared to EUR 482.0 million in 2023.

One of the main reasons for this successful development is the positive traffic trend seen last year. In 2024, a total of 25.5 million people travelled through BER, 10.4 per cent more than in the previous year. The number of aircraft movements totalled roughly 192,000 take-offs and landings, an increase of 8.5 per cent on the previous year. Sales in the Commercial segment (catering, retail and parking) also increased significantly by EUR 10.8 million when compared to 2023. Furthermore, the airport operator levied aviation security charges for the first time, which are reported as revenue but have no impact on earnings. On 01.01.2024, FBB became the second airport in Germany to be entrusted with aviation security monitoring tasks by the federal government.

Operating expenses (excluding depreciation, amortisation and interest) amounted to EUR 514.4 million, higher than in 2023, primarily due to the takeover of aviation security controls since the beginning of 2024.

Scheduled depreciation and amortisation amounted to EUR 210.1 million in 2024. The resulting consolidated net loss of EUR 134.4 million in 2024 was reduced by EUR 78.4 million when compared to the previous year – and thus significantly more than planned.

FBB’s financial situation remains strained due to its construction history and the operating years during Covid, along with the associated debt burden. In order to reduce its debt burden to a sustainable level, FBB agreed a partial debt relief plan with its shareholders in 2021, which it has been implementing consistently and according to plan since then. One major milestone along this path was reached last year: the EU Commission confirmed that the airport operator shall no longer receive state aid, thereby marking the end of applicable state aid regulations at the earliest possible date, 30 June 2024. The next step involves a scheduled capital injection by the shareholders, in order to reduce the existing debt. FBB will refinance the remaining loan liabilities through financial institutions.

A key component of the company's strategy is improving customer satisfaction. FBB consistently pursued its programme in this area by optimising its processes and expanding its digital offerings and services. These efforts resulted in the airport being awarded a 4 Star Airport by Skytrax and recognized as the “World's Most Improved Airport”.

The airport operating company also continued to drive forward its sustainability strategy in the 2024 financial year. The focus here is on de-carbonising the airport’s energy supply. Critical milestones were also reached here last year. The first photovoltaic systems went into operation after construction began in the last quarter of 2024. Thanks to the implementation of efficiency measures, FBB has already reduced CO2 emissions by 50 per cent in the past year compared to the base year 2010.

Aletta von Massenbach, Chief Executive Officer of Flughafen Berlin Brandenburg: “We have consistently developed BER as an innovative, efficient and future-centric airport over the past year, and we have achieved a great deal in the process. According to our long-term planning, we are still on the path to achieving financial independence. The next important milestone concerns the company’s refinancing through financial institutions in 2026, which we are preparing very intensively this year.”

Jörg Simon, Chairman of the Supervisory Board of Flughafen Berlin Brandenburg GmbH: “This Annual Report underscores the fact that Flughafen Berlin Brandenburg performed very well last year. We increased operating revenue when compared with the previous year; operating earnings (EBITDA) also exceeded the established target, and the reduction in the consolidated net loss was greater than planned. Thanks to our joint efforts, we have succeeded in consistently pursuing the path to our goal of financial independence in 2026 as planned.”

The FBB Annual Report 2024 in German can be downloaded here:
Annual report 2024 (in German)

An English version will follow shortly.