30-Jul-2010 1:31 PM

Ferrovial revenue down 2.7% for 1H2010

Spain’s Ferrovial revenue down 2.7% - financial highlights for the six months ended 30-Jun-2010:

  • Revenue: EUR5,766 million, -2.7% year-on-year;
    • Airports: EUR1,282 million, -12.4%;
    • BAA: EUR1,280 million, -12.4%;
    • Swissport: EUR615.7 million, +12.0%;
  • EBITDA: EUR1,178 million, -2.5%;
    • Airports: EUR528.2 million, -11.3%;
    • BAA: EUR532.9 million, -11.7%;
    • Swissport: EUR42.6 million, +74.1%;
  • Net profit (loss): (EUR164.5 million), compared with a loss of EUR278.2 million in p-c-p;
  • Capital expenditure: EUR1,160 million, +18.0%;
  • Total assets: EUR48,766 million, +10.5% compared with period ended 31-Dec-2009;
  • Net financial debt: EUR24,485 million, -9.9% compared with period ended 31-Dec-2009. [more]

Ferrovial: “Revenues increased (+2.6%) in spite of the negative growth in passenger numbers (-5.1%). This performance was driven by the increase in retail sales at Heathrow and Stansted. At the latter, air traffic revenues fell 2.7%, less steeply than the decline in traffic, thanks to less aggressive discounting. Another highlight at Stansted was the growth in retail sales per passenger (+3.7%),” Company statement. Source: Ferrovial, 29-Jul-2010.