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20-Aug-2012 1:31 PM

Schiphol Group EBITDA up 2% in 1H2012, expects FY2012 net profit to match 2011

The Netherlands' Schiphol Group revenue up 6% - financial highlights for six months ended 30-Jun-2012:

  • Revenue: EUR637 million, +5.5% year-on-year;
    • Airport charges: EUR371 million, +4.7%;
    • Concessions: EUR77 million, +9.9%;
    • Rents and leases: EUR86 million, -0.2%;
    • Parking fees: EUR46 million, +5.8%;
    • Retail sales: EUR40 million, +10.2%;
  • EBITDA: EUR264 million, +2.2%;
    • Aviation: EUR98 million, -3.9%;
  • Net profit: EUR93 million, -4.9%;
  • Passenger numbers: 26.0 million, +4.6%;
  • Cargo volume: 729,000, -3.2%;
  • Aircraft movements: 223,858, +2.9%;
  • Total assets: EUR5656 million, -1.2% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: EUR291.7 million, -29.4% when compared to period ended 31-Dec-2011;
  • Total liabilities: EUR2520 million, -1.2% when compared to period ended 31-Dec-2011. [more - original PR]

Schiphol Group: "Schiphol Group expects to match the 2011 net result of EUR194 million but notes that the uncertain economic climate increases the risks." Source: Company statement, 17-Aug-2012.

Schiphol Group: "Despite the present economic downturn, the aviation industry remains a source of dynamic activity. Together with other sector parties we have welcomed more passengers. The Mainport grows and we will reach the physical limits of the terminal in the years to come. As Europe's preferred airport, Schiphol is working hard to maintain the desired capacity and quality levels in our operations, to serve both airlines and passengers. In this connection we will continue to pursue a controlled development of airport charges," Jos Nijhuis, president and CEO. Source: Company statement, 17-Aug-2012.

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