22-Apr-2016 10:46 AM
Heathrow EBITDA up 7% in 1Q2016, maintains full year guidance
Heathrow revenue up 3% - financial highlights for three months ended 31-Mar-2016:
- Revenue: GBP642 million, +3.2% year-on-year;
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- Aeronautical: GBP389 million, +1.8%;
- Retail: GBP136 million, +10.6%;
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- Duty and tax free: GBP29 million, +7.4%;
- Airside specialist shops: GBP25 million, +13.6%;
- Bureaux de change: GBP11 million, stable;
- Catering: GBP11 million, +10.0%;
- Car parking: GBP28 million, +12.0%;
- Other: GBP117 million, stable;
- EBITDA: GBP367 million, +7.3%;
- Passenger numbers: 16.8 million, +2.6%;
- Retail revenue per passenger: GBP8.10, +7.7%;
- Total assets: GBP14,843 million;
- Cash and cash equivalents: GBP140 million;
- Total liabilities; GBP16,105 million. [more - original PR]
Heathrow: "Heathrow maintains EBITDA forecast for 2016 of £1,665 million. Revenue is forecast to grow around 1%, mainly reflecting modest traffic growth and further benefits from commercial revenue initiatives. Cost control is forecast to reduce operating costs by approximately 3%. EBITDA growth will taper through 2016 as the effects of the leap year and an early Easter diminish." Source: Company statement, 21-Apr-2016.