Manchester Airports Group EBITDA up 14% in FY2012

UK's Manchester Airports Group revenue up 9% - financial highlights for 12 months ended 31-Mar-2012:

• Revenue: GBP373.2 million, +8.6% year-on-year;
  • Manchester Airport: GBP282.0 million, +9.5%;
  • East Midlands Airport: GBP50.2 million, +3.5%;
  • Bournemouth Airport: GBP10.1 million, -5.6%;
• EBITDA (loss): GBP131.0 million, +13.6%;
  • Manchester Airport: GBP126.9 million, +13.5%;
  • East Midlands Airport: GBP13.8 million, -6.1%;
  • Bournemouth Airport: (GBP600,000), compared to a loss of GBP300,000 for the p-c-p;
• Passenger numbers: 24.0 million, +6.7%;
  • Manchester: 19.1 million, +7.9%;
  • East Midlands: 4.3 million, +4.1%;
  • Bournemouth: 0.6 million, -11.7%;
• Market share: GBP15.8%, +0.4 ppt;
• Total assets: GBP1587 million, -2.1%;
• Cash and cash equivalents: GBP1.8 million, -78.8%;
• Total liabilities: GBP824.6 million, +2.7%. [more - original PR]

Manchester Airports Group: "Although the general economic backdrop is not favourable, the Group is positioned to take advantage of airline growth opportunities, which will allow the continued out-performance of the UK passenger market, ensuring that this profitable growth drives better product offerings commercially and greater efficiencies," Charlie Cornish, CEO. Source: Company statement, 23-Aug-2012.