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Venav PRESS RELEASE ENAV'S BOARD OF DIRECTORS APPROVES THE INTERIM FINANCIAL REPORT AT 31 MARCH 2021 • En - route and terminal traffic declined by -65.1 % and -66.9 % respectively , in terms of service units¹ vs. the first quarter of 2020 ; Consolidated revenue of 189.0 million euro ( + 10.2 % YoY ) also thanks to the protection provided by European regulation ; Revenue from operations of 49.3 million euro ( -63.4 % YoY ) , more than offset by the effect of balance² ; Consolidated EBITDA at 44.7 million euro ( + 54.8 % YoY ) , also due to control initiatives on external costs put in place by the Company ; Consolidated net result at 11.8 million euro vs. a negative result of 6.2 million euro in Q1 2020 , mainly due to a different mechanism of evaluation of balance throughout the period . Rome , 13 May 2021 - The ENAV S.p.A. Board of Directors meeting , held today under the chairmanship of Francesca Isgrò , approved the interim financial report as of 31 March 2021 . Traffic volumes across Italy for Q1 2021 are consistent with those recorded in late 2020. A decrease of nearly 65 % was recorded in Q1 2021 compared to Q1 2020 which was mostly unaffected by the negative impact of the pandemic and was even characterized by an increase of nearly 10 % in the months of January and February compared to the same period in 2019 . Flights over Italian airspace were in line with data recorded for other European countries where , with reference again to service units , Q1 2021 recorded a decrease of 60.4 % . In particular : France -67.2 % , Germany -61.4 % , Great Britain -67.1 % , and Spain -69.5 % . Conversely , positive performances were seen for cargo traffic , which recorded a significant growth in the volumes of freight ( + 12.3 % vs. the same period in 2020 ) . Q1 2021 results were significantly affected by the temporary adjustment to standard regulation implemented by the European Commission in November 2020 for 2020-21 . The balance in Q1 2021 was determined based on the new mechanism of evaluation where the main calculation driver is given by final costs and not by the conventional traffic risk sharing mechanism . The system applied in Q1 2021 reflects an increased linearity in the 1 a conventional weighted measurement unit which takes into account the aircraft certified take - off weight and , in case of en - route traffic , the distance travelled in the Italian airspace . 2 the mechanism that allows ENAV to partially recover from or return to carriers , the amounts resulting from the difference between the planned air traffic and the actual traffic , as well as the recovery of costs and traffic for services provided to Terminal Zone 3 airports those with less than 70,000 movements per year . 1 INFO DIGITAL SIGN