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Auckland Airport EBITDAFI up 7% in 1HFY2012

29-Feb-2012 12:20 PM

New Zealand’s Auckland Airport revenue up 9% – financial highlights for six months ended 31-Dec-2011:

  • Revenue: USD181.4 million, +8.9% year-on-year;
    • Retail: USD51.9 million, +12.8%;
    • Airfield: USD33.2 million, +7.7%;
    • Passenger service charge: USD35.4 million, +6.6%;
    • Rental: USD22.4 million, +4.2%;
    • North Queensland Airports**: USD61.8 million, +7.4%;
    • Queenstown Airport: USD7.1 million, +9.9%;
  • EBITDAFI: USD135.6 million, +6.9%;
  • Underlying profit after tax: USD59.5 million, +15.0%;
  • Total assets: USD3248 million, +17.4%;
  • Capital expenditure: USD28.6 million, +40.5%;
  • Passenger numbers:
    • Domestic:
    • International:
      • Auckland Airport: 4.0 million, +6.5%;
      • Cairns Airport: 423,735, +6.7%;
      • Queenstown Airport: 118,840, +30.1%;
  • Retail revenue per international passenger: USD13.66, +5.9%. [more – original PR]

*Based on the conversion rate at USD1 = NZD1.18984
**Based on the conversion rate at USD1 = AUD0.926822

Auckland Airport: “The second half of the 2012 financial year has started well, particularly in terms of passenger volumes, with January 2012 notable for featuring the busiest week for international arrivals and departures ever recorded at Auckland Airport. At the beginning of the 2012 financial year, we outlined our expectations that the net profit after tax (excluding any fair value changes and other one-off items) would be in the NZD130 millions. We are firmly on track to meet the higher end of this guidance.” Source: Company statement, 29-Feb-2012.