29-Jul-2010 1:15 PM

BAA revenue up 2.2%, EBITDA eases in 1H2010

UK’s BAA revenue up 2.2% - consolidated financial highlights for the six months ended 30-Jun-2010:

  • Revenue: GBP957.6 million, +2.2% year-on-year;
    • Aeronautical: GBP507.3 million, -1.1%;
    • Retails: GBP216.1 million, +2.8%;
    • Other: GBP234.2 million, +9.6%;
  • EBITDA: GBP401.7 million, -0.2%;
  • Capital expenditure: GBP386.9 million, -23.9%;
    • London Heathrow: GBP376.3 million, -7.7%;
    • London Stansted: GBP10.6 million, -74.8%;
  • Operating cash: GBP384.0 million, +0.5%;
  • Net debt: GBP8,657 million, +0.9%;
  • Passenger numbers: 38.7 million, -4.5%;
    • London Heathrow: 30.1 million, -3.5%;
    • London Stansted: 8.5 million, -7.7%. [more]

BAA: “The Group confirms that the outlook for adjusted EBITDA for the year to 31-Dec-2010 remains consistent with guidance set out in the investor report issued on 24-Jun-2010,” Company statement. Source: BAA, 28-Jul-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More