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Aeroports de Montreal revenue up 14.3%, EBITDA up 11% in 2Q2010

29-Jul-2010 1:14 PM

Canada’s Aéroports de Montréal revenue up 14.3% - consolidated financial highlights:

  • Three months ended 30-Jun-2010:
    • Revenue*: USD92.4 million, +14.3% year-on-year;
    • Operating costs: USD33.9 million, +6.0%;
    • EBITDA: USD35.6 million, +10.8%;
    • Capital expenditure: USD15.9 million;
  • Six months ended 30-Jun-2010:
    • Revenue: USD168.2 million, +7.9%;
    • Operating costs: USD71.6 million, +12.3%;
    • EBITDA: USD74.8 million, -4.3%;
    • Capital expenditure: USD20.4 million;
    • Operating cash flow: USD27.5 million, -35.2%;
    • Passenger numbers: 6.3 million, +4.6%;
    • Aircraft movements: 116,540, +2.0%. [more]

*Based on the conversion rate at USD1 = CAD1.03557

Aéroports de Montréal: “This increase [in revenue] is attributable, on the one hand, to the rise in aeronautical and airport improvement fees and, on the other, to the increase in passenger traffic. These favourable variances are, however, partly offset by the decline in revenues following Transport Canada’s cancellation of the airport policing contribution programme,” Company statement. Source: Aéroports de Montréal, 28-Jul-2010.