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NATS profit surges in FY2011

4-Jul-2011 12:59 PM

UK’s NATS revenue up 3% - financial highlights for the 12 months ended 31-Mar-2011:

  • Revenue: GBP777 million, +2.9% year-on-year;
    • UK air traffic services: GBP578.2 million, +3.0%;
    • North Atlantic air traffic services: GBP21.1 million, -5.0%;
    • Airport air traffic services: GBP159 million, +4.5%;
  • Operating profit: GBP157.8 million, +37.5%;
  • Profit before tax: GBP106 million, +35.9%;
  • Profit after tax: GBP86.9 million, +49.6%;
  • Capital investment: GBP123 million, -13.4%;
  • Net debt: GBP528 million, +1.5%;
  • Flights: 2.1 million, -4.5%. [more]

NATS: “Our forecast is for a recovery to these levels by March 2015, representing annual growth of 3.6%. The UK recovery is expected to be slightly lower than the European average reflecting the UK’s slower economic recovery, Government austerity measures and recent changes in air travel taxation – all affecting demand for air travel,” Company statement. Source: NATS, 01-Jul-2011.