Brussels Airport 2Q2009 revenue down 3.5%, EBITDA down 7%

Belgium's Brussels Airport revenue down 3.5% - financial highlights:

• Three months ended 30-Jun-2009:
  • Revenue: EUR98.0 million, -3.5% year-on-year;
    • Aeronautical: EUR65.1 million, -3.8%;
    • Retail: EUR11.7 million, -2.5%;
    • Property & real estate: EUR9.7 million, +11.9%;
    • Car parking & car rental: EUR5.8 million, -14.7%;
    • Commercial trading and other: EUR5.7 million, -11.8%;
  • Operating costs: EUR40.5 million, +1.2%;
  • EBITDA: EUR56.8 million, -7.0%;
  • Revenue per passenger: EUR21.17, +5.1%;
• Six months ended 30-Jun-2009:
  • Revenue: EUR172.9 million, -6.6%;
    • Aeronautical: EUR110.3 million, -9.0%;
    • Retail: EUR21.9 million, -2.3%;
    • Property & real estate: EUR19.8 million, +14.2%;
    • Car parking & car rental: EUR11.0 million, -12.5%;
    • Commercial trading and other: EUR9.9 million, -13.9%;
  • Operating costs: EUR82.9 million, +2.9%;
  • EBITDA: EUR88.3 million, -15.5%;
  • Revenue per passenger: EUR21.78, +5.8%.

Macquarie Airports: "Brussels Airport's first half performance was impacted by the significant capacity reductions seen in Europe in the Northern winter. However, a substantial moderation of decline was recorded both in terms of traffic and financial performance in the second quarter of 2009…The ongoing increased capacity is expected to underpin an improved traffic performance through the second half of 2009," Kerrie Mather, CEO. Source: Macquarie Airports.