Different products and services are generated (output) in the four business units. The value creation process is based on six forms of capital (input), which the airport uses to generate new values. This is the basis for the next fiscal year (outcome).
Forms of capital
Select a type of capital to discover our 2019 value creation.
Input
Click here to switch between the individual subject areas of the capital types.
Cash and cash equivalents
€221.8 million (of which €12.3 million was freely available funds and €209.5 million was short-term deposits with banks)
autobahn access, two suburban train lines, regional and long-distance bus links (via «Neufahrner Kurve»)
Qualification
in-house professional development center «Airport Academy»
Off-campus
international management, consultancy and training services
Quality/innovation
InnovationPilot, passenger feedback
Employees
10,109 employees in the Group (including apprentices)
10,109Employeesin the Group
Employer
Personnel expenses of €537.2 million in the Group
537.2Personnel expensesin million euros
Training/HR development
19 apprenticeships and dual study courses, €3.2 million of an external FMG further training budget
3.2Training budgetin million euros
Stakeholder
transparent dialog through a wide range of channels, at European, national, and regional level as well as in Munich, membership in associations
Value added
positive effects for the region
Community engagement
support for more than 750 projects in the region
750Projectsin the region supported
Climate protection
carbon-neutral airport by 2030
2030Goalcarbon-neutrality
Resources
waste management concept, de-icer treatment
Noise protection
strict night-flight curfew, aircraft noise monitoring at 16 fixed stations, additional voluntary mobile measurements
Finances
Solid funding forms the basis for Munich Airport’s long-term earnings power, profitability, and financial stability.
Infrastructure
The wide range of services offered by Munich Airport is reliant on building and transport infrastructure that works and that taps into and makes the most of existing space.
Expertise
Munich Airport has acquired great deal of expertise – from technical, process-based, and organizational knowledge called upon in consultancy projects worldwide; through to copyrights for airport software.
Employees
Employees are critical for the success of a company. Consequently, the airport is particularly diligent about meeting its obligations as an employer.
Environment
As the operator of a major piece of infrastructure, Munich Airport is aware of its responsibility to the environment. The aim is to keep its impact on nature and the environment to a minimum.
Society
Good cooperation with the region is essential if Munich Airport is to succeed, with open and honest dialog with the surrounding communities playing a key role.
Outcome
Cash and cash equivalents
Cash and cash equivalents decreased to a total of €208.3 million
208.3Cash and cash equivalentsin million euros
Loan portfolio
Loan portfolio reduced to €1,903.2 million
1,903.2Loan portfolioin million euros
Equity
Equity increased by €153.1 million to €2,378.1 million
2,378.1Equityin million euros
Buildings/spaces
start of construction of the LabCampus innovation center
Transport links
construction works on the railway tunnel for the Erding ring closure, new campus shuttle service for employees
Training
38,000 training days in the TÜV-certified (German Technical Inspection Authority) Airport Academy
38,000Training daysAirport Academy
Off-campus
22 active international projects 2019
22international projects
Quality/innovation
511 submitted ideas, new digital offers for passengers
Employees
low turnover rate of 3.9 percent in FMG
3.9%Turnover rate
Employer
social services, support for women in management positions
Apprenticeship/HR development
in total 303 apprentices in the Group, 116 new apprentices in 2019, around 20 further training hours per employee
303Apprenticesin the Group
Climate protection
46% reduction in CO2 emissions per passenger since 2005
−46%CO2 emissionsper passenger
Resources
1,343 tonne drop in waste generation, around 56% recycling rate for de-icer
56%recycling ratefor de-icer
Noise protection
71% of the permitted noise level at night is used
Stakeholders
272,000 fans and subscribers on social media
Value creation
large income tax, local trade tax, and social insurance payments; in 2019, Group procurement stood at around €753 million
753Procurementin million euros
Community engagement
increased acceptance in the region
Our business units
Select a business unit for more information.
Aviation
is our traditional core business and covers all services related to the correct handling of air travel at Munich Airport.
markets the commercial space in the terminals and in the München Airport Center. The Group subsidiaries Allresto and eurotrade provide the products and culinary offerings as lessees and franchisees.
develops, runs, and markets all real estate on the airport campus, the terminals, public transport facilities, surrounding real estate, and ecological compensation areas.
deals with landside and airside services related to aircraft, passenger, and freight handling, looks after checks and security services, and provides consultancy and other services.
– The overall investment by FMG in the construction of the railway tunnel on the airport campus is expected to be around €115 million
+ Increase in non-aviation proceeds
+ Increase in aviation proceeds
+ Improved performance of the infrastructure
+ Improved (rail) connection to the airport
+ Increased marketing potential of real estate
+ Improved expertise in infrastructure expansion
+ Faster realization of infrastructure projects
+ Better connection to where employees live in eastern Bavaria
+ Greater employer attractiveness through improved accessibility
– Impact on the environment due to construction
+ Creation of approximately 450 hectares of compensation areas for nature conservation
+ Burden on the environment is relieved by optimizing the flow of traffic and shifting traffic to public transport
+ Improved connection between the airport’s hinterland and the entire southern Bavarian region and the rail network
+ Burden on road transport is relieved
T1 extension and «T-Stiel» building for the T2 satellite building
CA
Impact on form of capital (CA)
+ Creation of sufficiently sized areas for high-quality 5-star handling of predicted passenger numbers
– The expansion of Terminal 1 at a cost of around €455 million is the largest future investment at present
+ Capacity expansion
+ Increased value of the airport
+ Improvement in quality (of amenities) for passengers and upgrade for airlines based in T1 by updating the infrastructure
+ Increased efficiency of processes
+ Strengthening of the development prospects of the airport
+ Improved expertise in infrastructure expansion
+ «T-Stiel» as a continuation of the successful joint venture with Deutsche Lufthansa AG
+ Creation of new jobs, for example, through the establishment of further businesses and catering outlets
+ Opening of a canteen for employees working in the area of Terminal 1
+ Consideration of the latest official requirements (Energy Saving Ordinance, Ecodesign Directive)
+ Construction of the «T-Stiel» extension in line with FMG’s climate objectives
+ Reduction in emissions due to the aircraft stands being close to the building
+ Meeting the demand for improved quality in the travel experience
+ Increased appeal, new services
Digital transformation
CA
Impact on form of capital (CA)
+ New business models and potential sources of revenue
+ Reduction in operating costs and bottleneck costs
– Costs of development and implementation plus running costs
+ Added value thanks to connectivity and digitalization
+ Construction of the LabCampus as a smart city
+ Development and expansion of digital expertise
+ Increased level of automation
+ More effective IT support for business processes
+ Increased employer attractiveness
+ Better staff effectiveness and addressing the demographic challenge
+ The «Digital Day» event series raises awareness among staff concerning the digital transformation
+ Streamlined workflows and processes
+ Streamlined workflows and processes
+ CO2 reductions thanks to smart technologies
+ Cutting-edge experience for customers and visitors
+ Higher standard of travel and time at the airport
International business
CA
Impact on form of capital (CA)
+ Increased revenue and proceeds
+ Diversification of revenue
+ Good forecasting for long-term projects
+ Protecting against local site development risks
+ Level of knowledge increases with every project
+ Knowledge is fed back into the Group
+ Expansion of the consultancy portfolio (establishment of three companies in the USA at the start of 2019 to further expand international business activity)
+ Stronger brand value for «M»
+ Diverse working environment
+ International environment
+ Interesting opportunities for career development, especially in the USA
+ Project work
+ Introduction of higher environmental standards, for example in developing and emerging markets
+ Customers benefit from our expertise
+ Chance to benefit from growth opportunities in the worldwide aviation industry
+ Contribution to improving global aviation standards through networking
Sustainable supplier management
CA
Impact on form of capital (CA)
+ Steering expenditure toward promoting sustainable business
+ Development of appropriate logistics space and processes
+ Growth in expertise in the purchasing department
+ Contribution to promoting fair working conditions and occupational health and safety in the company within the supply chain
+ Increased regional purchasing and sustainable purchasing criteria
+ Shorter transportation distances, reduction in CO2 emissions through high proportion of business partners from the region
+ Contribution to the development of fair business practice
Climate protection strategy
CA
Impact on form of capital (CA)
+ Savings due to the early implementation of measures to increase efficiency
– Expenses (that cannot be directly refinanced)
– Investment of a total of €150 million by 2030
+ Expansion of the electric vehicle fleet (2019: 30 new vehicles)
+ LED retrofitting continues to advance (world’s largest LED high-mast system on the apron: 185,000 LEDs in around 1,900 luminaires; data as of: December 2019)
+ Pioneering role (FMG is one of the first signatories to the Net Zero Carbon Initiative)
+ Expansion of the pool of knowledge through the development of suitable measures
+ Impetus for new ideas
+ Increased employer attractiveness
+ Reduction in CO2 emissions (reduction from approx. 162,000 tonnes in 2005 to just under 148,000 tonnes in 2019)
+ Reduction in emissions produced by the external procurement of power and district heat, for example due to new, even more efficient engines for cogeneration of heat and power (Munich Airport Group: virtually halved since 2005)
+ Increased environmental awareness among customers and other companies thanks to the airport’s pioneering role
+ Better acceptance
+ Positive effect on image as a «corporate citizen» thanks to regional measures
