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Commercial businesses and cost control underpin 'solid' annual result at Brussels

16-Feb-2009

Belgium's Brussels Airport has reported financial results for 4Q08 to 31-Dec-08 and for the 12 months ended 31-Dec-08. EBITDA for the full year increased by 9.5% to EUR223 million. The result was driven not so much by aeronautical growth, which declined by almost 7% in the final quarter, as by retail and car parking revenues, in tandem with strict cost control measures. The airport continues to benefit from growing interest from LCCs, even though its low cost terminal conversion is yet to open. [725 words]

Unlock the following content in this report:

Subheadings:

  • Jet Airways hub and new easyJet routes secure traffic growth
  • Brussels sprouts a low cost terminal
  • Retail and car park revenues ahead of aeronautical growth

Graphs and data:

  • Summary of results. All financial figures EUR million
  • 12 months ended 31-Dec-08
  • 3 months ended 31-Dec-08
  • Summary chart: Brussels Airport revenue growth, EBITDA growth and passenger number growth: 1Q06 to 4Q08
  • Chart: Comparative airport charges at BRU and CRL, 2008
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