Munich Airport

Integrated Report 2022



Key figures


Results of operations, assets, and financial position

€ Million

Change in %

Group revenue1,188.0601.3579.71,568.097.6
Consolidated earnings after taxes–58.8–261.3–321.4177.8 
EBITDA margin in %20.1–7.6–27.935.4 
EBITDA/Pax in €7.5–3.7–14.611.6 
EBIT margin in %–2.3–47.5–69.722.0 
ROCE 1) in %–0.6–6.0–8.47.6 
Cash flow from operating activities159.4–45.8–116.0429.1 
Free cash flow–15.4–273.5–503.8109.1 
Equity ratio in % 
Net Debt/EBITDA12.7–64.3–16.33.8 
  1. ROCE = EBIT/(equity + net debt + ongoing  employee benefits)


CO₂ emissions

in tonnes

Change in %

Direct emissions Scope 181,61373,07573,40788,87611.7
Indirect emissions Scope 28,7395,2657,06512,63566.0
Attributable CO₂ emissions90,35278,34080,472101,51115.3

Specific CO₂ emissions

In kilograms

Change in %

CO₂ emissions per passenger2.856.277.242.12–54.5

Drinking water and wastewater

In cubic meters

Change in %

 20222021 1)202020192022/21 
Volume of purchased drinking water811.648562.510563.7891.032.23944,3
Drinking water consumption per 1,000 TU 1)23,739,644,720,1–40,2
Total wastewater discharged2.051.2591.955.1651.610.4062.494.3884,9
Wastewater per 1,000 TU 1)59,8137,6127,748,5–56,5
  1. Traffic units


Employee structure 1)


Change in %

Women in %32.0432.2131.9232.55–0.5
Men in %67.9667.7968.0867.450.3
Full-time in %77.5378.8278.2575.79–1.6
Part-time in %22.4721.1821.7524.216.1
< 30 years in %11.5810.9613.0915.685.7
30–50 years in %50.0951.0751.451.56–1.9
> 50 years in %38.3337.9735.5132.760.9
  1. Reporting date: December 31: Figures exclude apprentices, workers in minor employment, temporary workers, and interns



Change in %


Occupational health and safety


Change in %

Reportable occupational accidents22510794236110.3
Resulting days of absence4,6462,2642,5086,539105.2
Rate per 1,000 workers32.7413.3810.8527144.7


Air travelers

In millions

  • With 31.7 million passengers in 2022, Munich Airport grew at a very dynamic rate compared to the previous year.
  • Nevertheless, passenger numbers were approximately 66 percent of the 2019 reference year levels.

Aircraft movements

In thousands

  • Aircraft movements also rose sharply in 2022 compared with the previous year.
  • However, they amounted to approximately 68 percent of the values for the 2019 reference year.


Munich Airport has defined four key performance indicators to measure the development of the company. These key performance indicators are a measure of doing business in a sustainable and integrated manner and influence the variable remuneration components for managers.

Consolidated earnings before taxes (EBT)

€ million

  • In 2022, Munich Airport’s EBT was still impacted by the effects of the Corona pandemic.
  • However, strict cost management yielded a better EBT than planned.

CO₂ reductions 1)

In Tonnes

  1. Depending on the data basis, the savings are determined on the basis of measurements, product data sheets or performance data on nameplates and documented in the CO₂ database. In exceptional cases, experience values of comparable measures that have already been completed and verified are used.
  • The expected catch-up effects did materialize in 2022. The previous year’s figure was exceeded significantly.
  • The big increase is due to the implementation of delayed measures from the year 2021 and the new measures undertaken in 2022. 

Lost Time Incident Frequency rate (LTIF) 1)

  1. Applicable to FMG and AE Munich; 2019 was used as the comparison period. 
  • Lost Time Incident Frequency (LTIF) represents an accident benchmarkable frequency rate.
  • In 2022, the LTIF rate for FMG and AE Munich slightly exceeded the forecast value.

Passenger Experience Index (PEI)

  • Compared to 2021, Munich Airport saw a slight decrease in the satisfaction of passengers as measured by PEI in 2022.
  • In 2022, Munich Airport once again implemented measures to improve passengers’ experience. 
GRI index
Key figures comparison
Business model