Sydney Airport EBITDA up 6% in 2014

Sydney Airport revenue up 4% - financial highlights or 12 months ended 31-Dec-2014:

• Total revenue: AUD1164 million (USD1049 million), +4.3% year-on-year;
• • Aeronautical: AUD486.8 million (USD438.7 million), +4.9%;
  • Aeronautical security recovery: AUD81.5 million (USD73.4 million), -2.6%;
  • Retail: AUD255.2 million (USD230.0 million), +5.6%;
  • Property and car rental: AUD194.0 million (USD174.8 million), +3.6%;
  • Car parking and ground transport: AUD139.9 million (USD126.1 million), +5.7%;
• EBITDA: AUD948.3 million (USD854.6 million), +6.1%;
• Capital expenditure: AUD241.5 million (USD217.6 million), +0.1%;
• Passenger numbers: 38.5 million, +1.7%;
• Revenue per passenger: AUD30.2 (USD27.2), +2.7%. [more - original PR]

*Based on the average conversion rate at USD1 = AUD1.1097

Sydney Airport: "Management remain focused on improving the customer experience and in turn driving stronger business outcomes. Key focus areas include T1 transformation and reconfiguration, renewal of international aeronautical charges agreements expiring at the end of June 2015, continued construction of the ground transport works and the Western Sydney Airport consultation." Source: Company statement, 26-Feb-2015.