Abertis dips despite revenue and EBITDA growth in 1Q2010: Airport Share Wrap
Shares in Spain’s Abertis dipped 0.8% yesterday, on the release of the airport operator’s financial report for the three months ended 31-Mar-2010. Group EBITDA rose 7.5% year-on-year to EUR538 million, while EBITDA in the airports sector was EUR12 million. Group revenue increase 8.3% year-on-year to EUR925 million, while airport revenue comprised 6.2% of total revenue at EUR58 million.
Operating and net profits were above 5% higher in 1Q2010, at EUR299 (+5.0%) and EUR119 million (+5.6%), respectively.
European airports and suppliers mixed
Elsewhere in Europe yesterday, Vienna has the highest gain (+3.9%), Copenhagen advanced (+1.5%), Aeroporto di Venezia gained (+1.3%), while Ferrovial lost (-2.3%) and TAV Airports led the way down (-1.3%).
Today’s edition of Airport Business Daily contains the full financial report for Abertis for the three months ended 31-Mar-2010. Subscribe today for the latest financial, traffic and strategic news updates on listed and non-listed airports and suppliers worldwide. Other financial/traffic headlines in today’s edition include:
- Fiumicino Airport reports 5.8% rise in Apr-2010 pax numbers;
- Moscow Vnukovo Airport reports 24.6% rise in Apr-2010 pax numbers;
- Pax rise 4.8% at Narita Airport during Golden Week holiday.
Selected airports daily share price movements (% change): 13-May-2010