The Air Traffic Control Centre releases 2022 financial results

The Air Traffic Control Centre releases 2022 financial results
28/4/2023Press releases

The gradual improvement of operating results “on Czech skies and airports” has been positively translating into the company's financial results. After two years of loss making, the company was back in the black numbers and made a profit of CZK 176 million. Despite the still fragile development of the entire business sector, the financial situation was stable in 2022 and the company was able to meet all obligations related to its activities and its obligations towards the state budget. The company's Supervisory Board discussed the financial statements for the previous year at its meeting and recommended them to the founder for approval. 

The Air Traffic Control Centre releases 2022 financial results
For 2022 the company's total revenues amounted to CZK 3 596 million, i.e. 80% more than in 2021. However, compared to 2019 as the objective benchmark (the last year with “normal” traffic development), this is still 14% less. The company's main source of revenue was the provision of air navigation services. Revenue from these services accounted for 91% of the company's total operating income. The main contributor to the revenue was revenue from en-route (overflight) navigation services in the amount of CZK 2 784 million, i.e. 79% of operating income. Another significant revenue item was revenue from airport approach services in the amount of CZK 427 million with a share of 12% in operating income. 

During 2022 the company was fully compensated from the state budget for the costs incurred for services to exempt flights (military, state and other flights) in the total amount of CZK 73 million. Of the company's other revenues, revenues from education and training amounting to CZK 92 million were significant as well. Revenues of the calibration squadron from domestic and foreign customers in the amount of CZK 58 million were also important.

Total expenses (including deferred income tax) amounted to CZK 3 420 million, Which is a 22% year-on-year increase in costs, but a 14% decrease compared to the 2019 reference year. The company continues to apply selected cost-saving measures. 

 "The year 2022 was already about the stabilisation of important financial indicators, a return to the black numbers and the generation of profit. The approval of our "Performance Plan" at European level then provides us with the necessary financial stability for the upcoming period. Another important fact is that the company's economic results enabled it to settle all its financial obligations towards its employees, which arose as a result of the necessary measures during the pandemic", said the CEO of ŘLP ČR, s.p., Ing. Jan Klas.
 
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