30-Nov-2011 3:49 PM

London Gatwick Airport EBITDA up 34% in 1HFY2012

UK’s London Gatwick Airport revenue up 15% - financial highlights for six months ended 30-Sep-2011:

  • Revenue: GBP314.5 million, +14.8% year-on-year;
    • Aeronautical: GBP178.5 million, +23.5%;
    • Retail: GBP67.7 million, +4.6%;
    • Car parking: GBP32.9 million, +8.2%;
    • Operational facilities and utilities: GBP13.1 million, +5.6%;
    • Property rental: GBP12.8 million, -5.2%;
  • EBITDA*: GBP164.4 million, +34.4%;
  • Capital expenditure: GBP134.1 million, +45.9%;
  • Passenger numbers: 19.7 million, +8.5%;
  • Aircraft movements: 135,650, +5.7%;
  • Retail revenue per passenger: GBP3.42, -3.1%;
  • Total assets: GBP2072 million, +5.0% when compared to period ended 31-Mar-2011;
  • Total liabilities: GBP1668 million, +5.7% when compared to period ended 31-Mar-2011. [more – original PR]

*Pre-exceptional items

London Gatwick: “Gatwick Airport Limited indicated in June 2011 that it expected a total of 33.6 million passengers to travel through Gatwick in the year ending 31 March 2012. While passenger numbers are ahead of expectations for the six months ended 30 September 2011, the expectation for the full year outturn remains unchanged.” Company statement. Source: London Gatwick, 29-Nov-2011.

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