"Perspectives 2011" - Sustainability and Annual Report (pdf)

Workforce and work environmentEnvironmental and climate protectionFinancial reviewSustainable developmentIn many respects, 2011 was a milestone year in Munich Airport’s development. We logged around 38 millionpassenger movements – more than in any year previously in our history. Up 9 percent compared to2010, the passenger volume grew faster here, at Bavaria’s gateway to the world, than at any other airportin Germany, elevating us to number six in the league table of Europe’s busiest commercial airports, ourhighest position ever. In the global rankings, we were also on the ascent, rising three places, to 27th. Andin the cargo sector, we recorded a new all-time high of 286,000 metric tons in the volume of goods transshipped.These figures, combined with solid efficiency gains, led to record earnings in 2011. The Group as a wholegenerated sales of €1.15 billion (6.4 percent more than in 2010), and our consolidated net income grew17.6 percent, to €193.3 million.At the start of the year, AeroGround, a newly formed Flughafen München GmbH subsidiary, took over ourground handling operations. AeroGround rapidly established itself in the marketplace, winning a shareof 70 percent, and with a new and competitive lineup delivered our first positive earnings in the groundhandling sector in many years.A key event – arguably the most important since we relocated from Munich’s old airport, Riem, to ourcurrent site, and one that will shape our direction as a center of aviation – occurred in the summer of 2011:On July 26, the regional government of Upper Bavaria granted zoning approval for our third runway. Withthis landmark decision, the government’s zoning authority expressly endorsed the needs assessment andplans for the third runway submitted by Flughafen München GmbH. Since then, voting in a municipal referendumin Munich has gone against the third runway, but the zoning approval is still under judicial review.If the courts find in our favor, this will grant us a long-term right to build the runway – something clearly ofenormous strategic value for us.The Group scored another important success in 2011, this time on the road to carbon-neutral growth.Although around 38 million passengers used the airport’s infrastructure during the course of the year, thecarbon emissions that we as an organization can influence directly – from our plants, installations, buildingsand vehicles – were again significantly lower, for the third year in succession. The most recent reductionin CO 2 , by almost 9,600 tons compared to a year earlier, proves that our efforts in this area really arepaying off and that we’re an important step closer to our broader overall objective of carbon-neutral growthby 2020.To underscore our strategic commitment to operating sustainably, we broke new ground in corporatereporting in 2011 by releasing our first combined sustainability and annual report, covering the 2010 fiscalyear. Our 2011 report takes the same approach, combining financial and business data with coverage ofour economic, environmental and social initiatives, progress on sustainability targets, and key performanceindicators.Dr. Michael KerklohPresident and Chief Executive OfficerFlughafen München GmbH5