Belgium’s Brussels Airport revenue down 0.7%, EBITDA up 6.9% in 4Q2009

Belgium's Brussels Airport revenue down 0.7% - financial highlights:

• Three months ended 31-Dec-20009:
  • Revenue: EUR87.3 million, -0.7% year-on-year;
    • Aeronautical: EUR55.1 million, +1.3%;
    • Retail: EUR12.8 million, +9.8%;
    • Property & Real Estate: EUR8.8 million, -6.7%;
    • Car parking & car rental: EUR5.5 million, -14.0%;
    • Commercial trading and other: EUR5.1 million, -15.2%;
  • Operating cost: EUR39.8 million, -8.4%;
  • EBITDA before specific items*: EUR47.5 million, +6.9%;
  • EBITDA: EUR40.4 million, -19%;
• 12 months ended 31-Dec-2009:
  • Revenue: EUR365.7 million, -3.6%;
    • Aeronautical: EUR236.5 million, -4.5%;
    • Retail: EUR47 million, +1.4%;
    • Property & Real Estate: EUR39.5 million, +10.6%;
    • Car parking & Car rental: EUR22.4 million, -12.9%;
    • Commercial trading and other: EUR20.3 million, -15.0%;
  • Operating cost: EUR162.6 million, -0.7%;
  • EBITDA before specific items*: EUR203.1 million, -5.8%;
  • EBITDA: EUR191.2 million, -14.2%. [more]

*Includes EUR7.1 million in specific costs consisting primarily of restructuring and redundancies.

MAp: "The significant improvement through the year reflects the gradual restoration of airline capacity, continued delivery of new routes and services and the revenue initiatives and productivity gains which have resulted from the Sep-2009 financial performance improvement plan implemented under MAp's stewardship," Kerrie Mather, CEO. Source: MAp, 05-Feb-2010.