Belgrade Airport, operated by Vinci Airports, the concessionaire of Nikola Tesla Airport, reported a net loss of 809 million dinars, approximately 6.9 million euros, for the previous year. However, this represents a notable improvement from the 2.1 billion dinars, nearly 18 million euros, loss recorded in 2022. Vinci, still in the initial phase of the concession marked by significant investments, anticipates profitability as infrastructure matures, despite ongoing investment maintenance obligations.
Taking over the management in March 2018, Vinci will operate Nikola Tesla Airport until 2043. In the last year, Belgrade Airport invested 7.3 billion dinars, approximately 62 million euros, in construction works, a decrease of about one-third compared to the 10.8 billion dinars, 92 million euros, invested in 2022. Operating income reached 21.7 billion dinars, with service revenue totaling 11.7 billion dinars, three billion more than in the previous year.
The rise in business revenues was supported by the activation of effects and goods revenues, aligned with infrastructure investment. Despite this, the airport’s operating profit amounted to 2.7 billion dinars, while a financing loss of around four billion dinars was recorded, mainly due to high interest expenses of 2.3 billion dinars, nearly 20 million euros.
Total liabilities stood at 876 million euros at the end of 2023, with 266 million euros owed to the parent company for a loan due in the final year of the concession, 2043. Combined with loans from international financial institutions, the airport’s total long-term loans amounted to 654 million euros at the end of 2023, with short-term loans totaling about 20 million euros.
In terms of concession fees, Vinci paid an annual fee of 5.3 million euros in the past year, compared to 3.6 million euros in 2022. The company’s balance sheet includes obligations related to the concession fee, amounting to 129 million euros.
During the airport’s takeover, Vinci paid a one-time fee of 501 million euros and committed to an annual fee as part of the concession agreement.
