SAVE Group revenue up 5.1% in 2Q2009, EBITDA up 13.6%

Italy's SAVE Group, operator of Venice Airport, reports (03-Sep-2009) the following financial highlights:

• Three months ended 30-Jun-2009:
  • Revenue: EUR87.7 million, +5.1% year-on-year;
    • Airport Management: EUR29.6 million, +0.6%;
    • Infrastructure Management: EUR6.9 million, +0.5%;
    • F&B and Retail: EUR53.7 million, +7.9%;
  • EBITDA: EUR16.1 million, +13.6%;
    • Airport Management: EUR12.4 million, +11.1%;
    • Infrastructure Management: 1.2 million, +10.4%;
    • F&B and Retail: EUR2.4 million, +30.6%;
  • EBIT: EUR9.0 million, +17.2%;
  • Profit before tax: EUR7.9 million, +8.7%;
• Six months ended 30-Jun-2009:
  • Revenue: EUR157.3 million, +3.4%;
    • Airport Management: EUR52.7 million, -0.9%;
    • Infrastructure Management: EUR13.4 million, +1.3%;
    • F&B and Retail: EUR95.7 million, +5.7%;
  • EBITDA: EUR22.7 million, -1.2%;
    • Airport Management: EUR18.6 million, -0.2%;
    • Infrastructure Management: EUR2.3 million, +20.5%;
    • F&B and Retail: EUR1.7 million, -26.9%;
    • EBIT: EUR8.6 million, -14.9%;
  • Profit before tax: EUR6.2 million, -30.4%;
  • Net profit: EUR3.3 million, -37.9%;
  • Passenger numbers:
    • Venice Airport System: 3.8 million, -6.6%;
  • Aeronautical revenue per pax: EUR8.2, +2.7%;
    • Venice Airport: EUR8.8, +5.4%;
    • Treviso Airport: EUR5.7, -10.2%;
  • Non-aeronautical revenue per pax: EUR5.5, +11.9%;
    • Venice Airport: EUR6.4, +14.4%;
    • Treviso Airport: EUR1.9, -9.5%. [more]