6-Apr-2011 11:42 AM

Avinor profits surge in 2010

Norway’s Avinor reported (05-Apr-2011) the following financial/traffic highlights for the 12 months ended 31-Dec-2010:

  • Operating revenue: EUR1010 million, +7% year-on-year;
    • Traffic revenue: EUR554.4 million, +5.7%;
    • Sales and rental: EUR454.6 million, +8.7%;
  • Operating profit: EUR223.9 million, +47.4%;
  • Net profit: EUR129.4 million, +66.7%;
  • Total assets: EUR3013 million, +4.9%;
  • Cash and cash equivalents: EUR201.6 million, +10.7%;
  • Total liabilities: EUR1601 million, +1.7%;
  • Passenger numbers: 40.1 million, +4.3. [more]

* Based on the conversion rate EUR1 = NOK7.79129

Avinor: "The strong result is of course related to both the increase in traffic and higher commercial income. However, the company has also implemented an internal programme to improve results that has contributed with NOK 121 million. This work will continue in the years ahead,” Dag Falk-Petersen, CEO. Source: Avinor, 05-Apr-2011.