Sydney Airport EBITDA up 7% in 4Q2010

Australia's MAp reports (20-Jan-2011) the following financial* highlights for its Sydney Airport subsidiary:

• 4Q2010:
  • Revenue: USD249.2 million, +5.7% year-on-year;
    • Aeronautical: USD105.0 million, +7.6%;
    • Aeronautical security recovery: USD19.2 million, +0.7%;
    • Retail: USD56.5 million, +7.1%;
    • Property and car rental: USD39.5 million, +9.1%;
    • Ground transport and commercial services: USD28.0 million, +4.1%;
  • EBITDA: USD205.0 million, +6.7%;
  • Capital expenditure: USD53.7 million, -21.6%;
• 12 months ended 31-Dec-2010:
  • Revenue: USD939.4 million, +10.5%;
    • Aeronautical: USD393.2 million, +14.8%;
    • Aeronautical security recovery: USD73.0 million, -0.5%;
    • Retail: USD212.1 million, +10.5%;
    • Property and car rental: USD149.5 million, +9.8%;
    • Ground transport and commercial services: USD106.7 million, +7.9%;
  • EBITDA: USD770.1 million, +12.1%;
  • Capital expenditure: USD135.8 million, -54.3%. [more]

* Based on the conversion rate USD1 = AUD1.00378

MAp: "Sydney Airport is well positioned to grow traffic and develop new markets in 2011 based on a solid pipeline of announced new routes and services," Kerrie Mather, CEO. Source: MAp, 20-Jan-2011.