Heathrow adjusted EBITDA up 4% in 1H2016, full year guidance unchanged

Heathrow revenue up 1% - financial highlights for six months ended 30-Jun-2016:

• Revenue: GBP1320 million, +1.0% year-on-year;
• • Aeronautical: GBP802 million, -0.1%;
  • Retail: GBP280 million, +7.7%;
  • • Duty and tax-free: GBP62 million, +3.3%;
    • Airside specialist: GBP51 million, +8.5%;
    • Bureaux de change: GBP24 million, +4.3%;
    • Catering: GBP22 million, +4.8%;
    • Other retail income: GBP37 million, +15.6%;
    • Car parking: GBP55 million, +5.8%;
  • Other: GBP238 million, -2.5%;
• Adjusted EBITDA: GBP781 million, +4.4%;
• Passenger numbers: 35.7 million, +0.6%;
• Retail revenue per passenger: GBP7.84, +7.1%;
• Total assets: GBP15,169 million;
• Cash and cash equivalents: GBP232 million;
• Total liabilities: GBP16,696 million. [more - original PR]

Heathrow: "The outcome of the referendum has raised uncertainties around the macro-economic outlook but Heathrow had begun to plan for a more challenging environment prior to the referendum. Heathrow's financial performance has proven resilient in previous periods of macro-economic instability so, whilst the coming months may present challenges, Heathrow does not currently expect its 2016 Adjusted EBITDA performance to be materially impacted." Source: Company statement, 22-Jul-2016.