Commercial businesses and cost control underpin 'solid' annual result at Brussels

Belgium's Brussels Airport has reported financial results for 4Q08 to 31-Dec-08 and for the 12 months ended 31-Dec-08. EBITDA for the full year increased by 9.5% to EUR223 million. The result was driven not so much by aeronautical growth, which declined by almost 7% in the final quarter, as by retail and car parking revenues, in tandem with strict cost control measures. The airport continues to benefit from growing interest from LCCs, even though its low cost terminal conversion is yet to open.

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