22-Oct-2013 3:26 PM

Heathrow adjusted EBITDA up 22% in first nine months, expects FY2013 EBITDA to exceed forecast

UK’s Heathrow revenue up 11% – financial highlights for nine months ended 30-Sep-2013:

  • Revenue: GBP1836 million, +10.7% year-on-year;
    • Aeronautical: GBP1130 million, +18.3%;
    • Retail: GBP358 million, +5.9%;
      • Car parking: GBP66 million, +10.0%;
      • Duty and tax free: GBP91 million, +3.4%;
      • Airside specialist shops: GBP70 million, +2.9%;
      • Bureaux de change: GBP35 million, +9.4%;
      • Catering: GBP29 million, +3.6%;
  • Adjusted EBITDA: GBP1035 million, +22.1%;
  • EBITDA: GBP957 million, +31.6%;
  • Profit after tax: GBP273 million, +112%;
  • Passenger numbers: 54.8 million, +3.6%;
  • Net retail income per passenger: GBP6.18, +2.6%;
  • Total assets: GBP13,374 million;
  • Cash at bank and in hand: GBP12 million;
  • Total liabilities: GBP13,867 million. [more - original PR]

Heathrow: “Given continued positive trading conditions, the Group expects to exceed the 2013 full year Adjusted EBITDA forecast of GBP1,25 million provided in the latest Investor Report by 3-4%.” Source: Company statement, 21-Oct-2013.

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