Aeroporti di Roma parent reports surge in EBITDA in 1Q2010

Italy's Gemina, owner of Aeroporti di Roma, revenue up 6.9% - financial highlights for the three months ended 31-Mar-2010:

• Revenue: EUR126.8 million, +6.9% year-on-year;
  • Aeroporti di Roma: EUR126.4 million, +7.8%;
    • Aeronautical: EUR64.9 million, n/a;
    • Non-aeronautical: EUR61.5 million, n/a;
• EBITDA: EUR52.9 million, +185.9%;
• EBIT: EUR15.6 million, compared to a loss of EUR18.5 million in the previous corresponding period;
• Net profit (loss): (EUR9.0 million), compared to a loss of EUR32.1 million in the previous corresponding period;
• Passenger numbers: 8.3 million, +7.5%;
• Cargo volume: 38,779 tonnes, +31.7%;
• Aircraft movements: 87,164, -1.2%. [more]

Gemina: "Q1 results may not be confirmed for the rest of the year. Traffic growth may be lower than in the first quarter with consequent fall in profitability," Company statement. Source: Gemina, 14-May-2010.