The daa Group has recommended a €31m shareholder dividend to the State, the first dividend since 2019, with €153m paid in taxes last year
Turnover for the year was €1,018m, a 35pc increase from 2022, resulting in a profit after tax and exceptional items of €176m
Despite no funding from the Exchequer, daa operates as a fully standalone commercial business, with €1.6 billion in debt to be refinanced for investment in sustainable infrastructure
Dublin and Cork airports welcomed 36.3m passengers in 2023, with improvements in passenger experience, and Cork Airport seeing record international passenger traffic. ARIs global retail business and daa International also achieved significant growth in the year.
The DAA has a near €2bn capital programme that also needs to be financed. DAA chief financial officer Peter Dunne said “In addition to refinancing the existing facilities over the coming years, additional debt funding will be required to support the significant investment in sustainable infrastructure needed to provide passenger capacity at Ireland’s two busiest airports in Dublin and Cork. In addition to refinancing the existing facilities over the coming years, additional debt funding will be required to support the significant investment in sustainable infrastructure needed to provide passenger capacity at Ireland’s two busiest airports in Dublin and Cork.”
