Sydney Airport EBITDA up 7% in 2012

Australia's Sydney Airport revenue up 7% - financial highlights for 12 months ended 31-Dec-2012:

• Total revenue: AUD1040 million (USD1004 million), +6.9% year-on-year;
  • Aeronautical: AUD433.2 million (USD418.2 million), +7.6%;
  • Aeronautical security recovery: AUD77.4 million (USD74.7 million), +1.5%;
  • Retail: AUD235.1 million (USD227.0 million), +5.3%;
  • Property and car rental: AUD169.0 million (USD163.2 million), +8.3%;
  • Ground transport and commercial services: AUD119.3 million (USD115.2 million), +8.9%;
• EBITDA: AUD848.0 million (USD818.7 million), +7.4%;
• Total capital expenditure: AUD215.2 million (USD207.8 million), +17.8%;
• Passenger numbers: 36.9 million, +3.6%;
• Revenue per passenger: AUD28.17 (USD27.2), +3.2%;
• Total assets: AUD7245 million (USD6994 million), -7.9%;
• Cash and cash equivalents: AUD298.6 million (USD288.3 million), -68.7%;
• Total liabilities: AUD8845 million (USD8539 million), -3.6%. [more - original PR]

*Based on the average conversion rate at USD1 = AUD1.0358

Sydney Airport: "2013 has started strongly with 3.9% international passenger growth in the year to date. Management will continue to market Sydney Airport to our airline customers and work closely with our industry and government partners to drive tourism growth. When combined with new business initiatives and our prudent management of expenses and capital, we remain committed to delivering EBITDA and cash flow growth significantly above passenger growth. We will also continue to drive improvements in value and customer experience across our business," Kerrie Mather, CEO. Source: Company statement, 27-Feb-2013.