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SAVE Group reports 0.4% revenue increase; European airport shares on the rise

Italy’s unlisted SAVE Group, operator of Venice Airport, reported a revenue increase of 0.4% for the six months ended 30-Jun-2010:

  • Revenue: EUR158.8 million, +0.4% year-on-year;
    • Airport Management: EUR54.1 million, +1.2%;
  • EBITDA: EUR25.0 million, +9.8%;
    • Airport Management: EUR18.1 million, -3.4%;
  • EBIT: EUR13.1 million, +37.9%;
  • Net profit: EUR7.2 million, +84.6%;
  • Passenger numbers: 4.0 million, +4.7%.

See related CAPA profile: Financial results

Other European airport operators that gained yesterday included Zurich (+4.7%), Dufry (+2%) and Tav Airports (+1.5%). Meanwhile, Aeroporto di Firenze (-0.2%) and Aeroporto di Venezia (-0.9%) lost ground.

Selected airports daily share price movements (% change): 27-Aug-2010