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Brussels Airport revenue down 5.7% for 2Q2010

30-Jul-2010 1:27 PM

Belgium’s Brussels Airport revenue down 5.7% - financial highlights:

  • Three months ended 30-Jun-2010:
    • Revenue: EUR92.4 million, -5.7% year-on-year;
      • Aeronautical: EUR60.6 million, -7.0%;
      • Retail: EUR11.4 million, -3.0%;
      • Property and real estate: EUR10.0 million, +3.2%;
      • Car parking and car rental: EUR5.9 million, +1.6%;
      • Commercial trading and other: EUR4.6 million, -19.9%;
    • Operating costs: EUR39.0 million, -3.7%;
    • EBITDA: EUR53.2 million, -6.3%;
    • Capital expenditure: EUR5.9 million, -77.4%;
  • Six months ended 30-Jun-2010:
    • Revenue: EUR170.6 million, -1.3%;
      • Aeronautical: EUR107.9 million, -2.2%;
      • Retail: EUR22.3 million, +2.0%;
      • Property and real estate: EUR19.6 million, -0.7%;
      • Car parking and car rental: EUR11.6 million, +5.0%;
      • Commercial trading and other: EUR9.2 million, -7.1%;
    • Operating costs: EUR79.4 million, -4.2%;
    • EBITDA: EUR90.8 million, +2.9%;
    • Capital expenditure: EUR14.7 million, -63.2%. [more]

MAp: “Whilst Brussels Airport would have recorded nearly 10% EBITDA growth for the first half of 2010, the one-off impact from the five day closure of European airspace as a consequence of the Icelandic volcano eruption resulted in a reduction in EBITDA in the second quarter and reduced EBITDA growth for the half year to 1.4%,” Kerri Mather, CEO. Source: MAp, 30-Jul-2010.