April 1st, 2025 – At the Borsa di Milano, ENAV’s CEO Pasqualino Monti and the Management Team presented the 2024 Group Consolidated Financial Statement and the 2025–2029 Strategic Plan to the financial community and the press.

The 2025–2029 Strategic Plan is driven by innovation, efficiency, and growth, and is set within a context of significant increase in both domestic and international air traffic. In particular, Italy is expected to experience steady growth, with a Compounded Average Growth Rate (CAGR) of 2.5%.

CEO Pasqualino Monti explained that the Plan marks a turning point for ENAV, thanks to a strategy based on targeted investments — approximately €570 million by 2029 — in advanced technologies and human capital, with the goal of optimizing air traffic efficiency and strengthening operational safety.

The Plan’s strategy is based on four key pillars:

·       Evolution of the regulated market, through infrastructure enhancement and the implementation of advanced air traffic control technologies such as remotely operated digital control towers;

·       Expansion of the non-regulated market, by broadening the offering of digital products and services, entering new markets, consolidating ENAV’s international positioning, and developing new business areas, including drone-related services;

·       Innovation and sustainability, with investments in digital and green solutions aimed at decarbonizing the sector;

·       Operational efficiency and governance, with a focus on organizational transformation and optimized resource management.

As for the 2024 Group Consolidated Financial Statement, ENAV achieved record-breaking figures in both revenue and margins. On Italian airspace, the Company managed over 2.2 million flights with excellent operational performance. Specifically, an average delay of just 0.066 minutes per assisted flight was recorded, outperforming the target of 0.07 minutes.

Compared to 2023, Italy confirmed the highest air traffic growth rate among major European countries, with a 10.5% increase in service units versus a European average of 6.4%.

CEO Pasqualino Monti stated: "2024 was a record year. The volume of air traffic in Italy, our performance in international markets, and our careful financial management led us to achieve the highest results in the Company's history. Thanks to these numbers, we are also able to increase shareholder remuneration again this year."

Key highlights include:

• En-route and terminal traffic increased by 10.5% and 9.8% respectively in terms of service units compared to 2023;
• Consolidated revenues of €1.037 billion, up 3.7% compared to 2023;
• Revenues from the non-regulated market reached €49.3 million, up 14.4% compared to 2023;
• Consolidated EBITDA at €310.9 million, up 3.6% compared to 2023, with an EBITDA margin of 30%;
• Consolidated net profit at €125.7 million, up 11.5% compared to 2023;
• Free cash flow at €199.1 million, a significant improvement of €60.1 million compared to 2023;
• Dividend: The Board of Directors has proposed the distribution of a dividend of €0.27 per share for 2024, an increase of approximately 17% compared to 2023.