Societa per Azioni Esercizi Aeroportuali SEA 2020 AR2
The report details the performance of the SEA Group during 2020, a year heavily impacted by the Covid-19 pandemic, which led to a 73.1% decline in passenger traffic to 9.5 million. To mitigate the crisis, the company implemented cost-saving measures, utilized the Extraordinary Temporary Lay-off Scheme (CIGS), and successfully refinanced its debt by issuing a new Euro 300 million bond maturing in October 2025. Despite the downturn, SEA continued key infrastructure projects, including the restyling of Linate Airport and the installation of a new turbine at the Malpensa cogeneration plant to reduce emissions. Additionally, both Linate and Malpensa airports renewed their "Neutrality" accreditation under the Airport Carbon Accreditation program.
Company: Societa per Azioni Esercizi Aeroportuali SEA
Sector: Transport & logistics
Country: Italy
Year: 2020
Type: AR2
Pages: 217
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Societa per Azioni Esercizi Aeroportuali SEA
Annual Report
The report details the performance of the SEA Group during 2020, a year heavily impacted by the Covid-19 pandemic, which led to a 73.1% decline in passenger traffic to 9.5 million. To mitigate the crisis, the company implemented cost-saving measures, utilized the Extraordinary Temporary Lay-off Scheme (CIGS), and successfully refinanced its debt by issuing a new Euro 300 million bond maturing in October 2025. Despite the downturn, SEA continued key infrastructure projects, including the restyling of Linate Airport and the installation of a new turbine at the Malpensa cogeneration plant to reduce emissions. Additionally, both Linate and Malpensa airports renewed their "Neutrality" accreditation under the Airport Carbon Accreditation program.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees