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Heathrow (SP) Ltd reports EBITDA growth in 1Q2013, maintains outlook

25-Apr-2013 10:10 AM

UK’s Heathrow (SP) Ltd revenue up 6% - financial highlights for three months ended 31-Mar-2013:

  • Revenue: GBP520 million, +6.1% year-on-year;
    • Aeronautical: GBP301 million, +11.9%;
    • Retail: GBP107 million, +2.9%;
      • Duty and tax free: GBP27 million, stable;
      • Car parking: GBP21 million, stable;
      • Airside specialist shops: GBP21 million, +5%;
  • Adjusted EBITDA: GBP244 million, +10.4%;
  • EBITDA: GBP232 million, +104%;
  • Profit before tax (loss): (GBP196 million), compared to a loss of GBP232 million in p-c-p;
  • Profit (loss) after tax: (GBP88 million), compared to a loss of GBP144 million in p-c-p;
  • Passenger numbers: 16.0 million, +1.8%;
  • Net retail income per passenger: GBP6.33, +1.2%;
  • Total assets; GBP13,081 million, -4.0% when compared to period ended 31-Dec-2012;
  • Cash at bank and in hand: GBP10 million, +66.7%. [more - original PR]

Heathrow: “The Group delivered a strong operational and financial performance in the first quarter of 2013, in line with expectations. As a result, the Group continues to expect overall turnover and Adjusted EBITDA for 2013 to be in line with the forecasts set out in the investor report issued in December 2012 at approximately GBP2.4 billion and GBP1.34 billion respectively.” Source: Company statement, 24-Apr-2013.