26-Jul-2012 1:40 PM
BAA adjusted EBITDA up 9% in 1H2012, maintains guidance
UK's BAA revenue up 8% - financial highlights for six months ended 30-Jun-2012:
- Revenue: GBP1164 million, +8.4% year-on-year;
- Aeronautical: GBP661.1 million, +12.5%;
- London Heathrow Airport: GBP599.4 million, +13.4%;
- London Stansted: GBP61.7 million, +4.2%;
- Retail: GBP254.0 million, +3.0%;
- London Heathrow: GBP216.7 million, +4.4%;
- London Stansted: GBP37.3 million, +4.8%;
- Aeronautical: GBP661.1 million, +12.5%;
- Adjusted EBITDA: GBP555.2 million, +8.8%;
- London Heathrow: GBP513.5 million;
- London Stansted: GBP38.7 million;
- EBITDA: GBP422.6 million, -19.1%;
- Profit on ordinary activities after tax: GBP3.8 million, compared to a loss of GBP130.4 million in p-c-p;
- Passenger numbers: 41.8 million, +0.8%;
- London Heathrow: 33.6 million, +2.2%;
- London Stansted: 8.2 million, -4.5%;
- Net passenger revenue per passenger: GBP5.72, +2.4%;
- London Heathrow: GBP6.10, +2.1%;
- London Stansted: GBP4.16, +1.4%;
- Total assets: GBP13,153 million, +1.4%;
- Cash at bank and in hand: GBP4.3 million, +65.4%;
- Total liabilities: GBP13,348 million, +7.0%. [more - original PR]
BAA: "The Group has continued its strong operational and financial performance since the beginning of 2012. As a result, it expects turnover and Adjusted EBITDA for 2012 as a whole to be consistent with the forecasts set out in the investor report issued in June 2012 at approximately GBP2.5 billion and GBP1.27 billion respectively." Source: Company statement, 25-Jul-2012.