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20-Feb-2012 1:08 PM

Schiphol Group EBITDA up 6% in 2011, expects 2012 net result to be in line with 2011

Netherland's Schiphol Group revenue 8% - financial highlights for 12 months ended 31-Dec-2011:

  • Revenue: EUR1278 million, +8.3% year-on-year;
    • Airport charges: EUR745 million, +8.1%;
    • Rentals and leases: EUR145 million, +1.4%;
    • Concessions: EUR127 million, +5.8%;
  • EBITDA: EUR512 million, +6.0%;
  • Aviation: EUR202 million, +11.8%;
  • Net profit: EUR194 million, +14.8%;
  • Passenger numbers: 49.8 million, +10.0%;
  • Cargo volume: 1.5 million tonnes, +0.8%;
  • Aircraft movements: 453,613, +9.1%;
  • Total assets: EUR5723 million, +3.9%;
  • Cash and cash equivalents: EUR413.3 million, +35.9%;
  • Total liabilities: EUR2549 million, +6.4%. [more - original PR]

Schiphol Group: "Given the uncertain economic developments, we expect the number of passengers at Amsterdam Airport Schiphol to grow slightly in 2012. Moreover, we expect cargo volumes to fall. The growth in passenger spending at the airport looks set to continue in 2012. We anticipate a stabilisation in the value of our property portfolio and improved occupancy levels. In addition, we expect that our regional airports and international activities will again contribute positively to our results. We expect, barring unforeseen circumstances, that our net result in 2012 will at least match our net result in 2011." Source: Company statement, 17-Feb-2012.

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