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%;
    • London Heathrow: GBP450.0 million, -0.9%;
    • London Stansted: GBP57.3 million, -2.7%;
  • 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.