12-May-2017 12:27 PM

Avinor Group EBITDA up 14% in 1Q2017

Avinor Group reported (11-May-2017) the following financial highlights for the three months ended 31-Mar-2017:

Total revenue: NOK2645 million (USD313.2 million), +15.6% year-on-year;
- Airport operations: NOK2346 million (USD277.9 million), +15.1%;
  - Traffic income: NOK680.5 million (USD80.6 million, -0.7%;
  - Security: NOK307.6 million (USD36.4 million), +21.0%;
  - Duty free: NOK500 million (USD59.2 million), +1.7%;
  - Parking: NOK208.8 million (USD24.7 million), +13.3%;
- Air navigation services: NOK483.1 million (USD57.2 million), +7.5%;
  - En route charges: NOK249.6 million (USD29.6 million), +14.2%;
  - Inter group income approach and control tower services: NOK197.4 million (USD23.4 million), +5.4%;
EBITDA: NOK549.6 million (USD65.1 million), +13.6%;
- Airport operations: NOK583.9 million (USD69.2 million), +8.6%;
- Air navigation services: NOK26.6 million (USD3.2 million), compared to a loss of NOK4.4 million in p-c-p;
Net profit (loss): (NOK45.4 million) (USD5.4 million), compared to a loss of NOK2.1 million in p-c-p;
Total assets: NOK44,339 million (USD5252 million);
Cash and cash equivalents: NOK3819 million (USD452.4 million);
Total liabilities: NOK29,407 million (USD3483 million). [more - original PR]

*Based on the average conversion rate at NOK1 = USD0.11845

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