MAp 2Q2009 revenue down 4.3%, losses on revaluations

Australia’s Macquarie Airports revenue down 4.3% - financial highlights:

• Three months ended 30-Jun-2009:
  • Revenue: USD281.6 million, -4.3%; year-on-year;
    • Sydney Airport: USD121.8 million, +1.8%;
    • Copenhagen Airports: USD41.2 million, -6.9%;
    • Brussels Airport: USD52.3 million, -3.5%;
    • Bristol Airport: USD8.8 million, -10.3%;
    • Japan Airport Terminal: USD48.7 million, -12.5%;
    • ASUR: USD8.9 million, -16.1%;
  • Operating costs: USD110.4 million, -6.3%;
  • EBITDA: USD170.6 million, -2.8%;
    • Sydney: USD97.6 million, +1.7%;
    • Copenhagen: USD24.8 million, -2.8%;
    • Brussels: USD30.7 million, -6.6%;
    • Bristol: USD5.3 million, -14.9%;
    • Japan Airport Terminal: 7.7 million, -14.5%;
    • ASUR: USD5.2 million, -24.6%;
  • Passenger numbers: 12.0 million, -7.1%;
    • Sydney: 5.7 million, -2.5%;
    • Copenhagen: 1.4 million, -10.3%;
    • Brussels: 1.7 million, -8.2%;
    • Bristol: 511,000, -14.4%;
    • JAT: 2.2 million, -7.3%;
    • ASUR: 540,000, -26.8%;
• Six months ended 30-Jun-2009:
  • Revenue: USD565.4 million, -4.3%;
    • Sydney: USD244.1 million, +1.8%;
    • Copenhagen: USD79.5 million, -6.9%;
    • Brussels: USD96.0 million, -6.7%;
    • Bristol: USd15.1 million, -12.8%;
    • JAT: 106.6 million, -12.1%;
    • ASUR: USD22.5 million, -0.5%;
  • Operating costs: USD345.7 million, -4.5%;
  • EBITDA: USD327.8 million, -4.3%;
    • Sydney: USD196.6 million, +2.0%;
    • Copenhagen: USD41.9 million, -11.7%;
    • Brussels: USD49.6 million, -14.2%;
    • Bristol: USD7.9 million, -20.4%;
    • JAT: USD17.0 million, -10.8%;
    • ASUR: USD14.7 million, -1.9%;
  • Passenger numbers: 23.4 million, -7.2%
    • Sydney Airport: 11.4 million, -3.5%;
    • Copenhagen Airports: 2.5 million, -13.0%;
    • Brussels Airport: 2.9 million, -11.7%;
    • Bristol Airport: 876,000, -11.7%;
    • Japan Airport Terminal: 4.5 million, -5.0%;
    • ASUR: 1.3 million, -14.5%.
• *Based on the conversion rate at USD1 = AUD1.21 [more]

Macquarie Airports: “The Boards and management of MAp believes the long term growth prospects for the aviation industry and for MAp’s airports remain strong. Early signs of traffic recovery are evident, but European traffic is still expected to show a full year decline,” Company statement. Source: MAp, 20-Aug-2009.

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