Schiphol Group 1H2009 revenue up 0.7%

The Netherlands' Schiphol Group revenue up 0.7% - financial highlights for the six months ended 30-Jun-2009:

• Revenue: EUR553.5 million, +0.7% year-on-year;
  • Business Area Aviation: EUR322.8 million, +7.7%;
    • Aviation: EUR202.7 million, +1.8%;
    • Security: EUR120.1 million, +19.4%;
    • Consumer: EUR124.6 million, -14.9%;
      • Concessions: EUR50.3 million, -15.5%;
      • Parking: EUR37.6 million, -12.1%;
  • Real Estate: EUR67.4 million, +2.7%;
  • Alliances & Participations: EUR38.7 million, +2.9%;
• Operating costs: EUR464.6 million, +10.0%;
  • Business Area Aviation: EUR310.9 million, +10.5%;
    • Aviation: EUR191.1 million, +9.3%;
    • Security: EUR118.8 million, +12.6%;
    • Consumers: EUR85.8 million, +8.5%;
      • Concessions: EUR23.3 million, +60.7%;
      • Parking: EUR24.7 million, +6.9%;
  • Real Estate: EUR31.6 million, +2.3%;
  • Alliances & Participations: EUR37.2 million, +17.7%;
• EBITDA:
  • Business Area Aviation: EUR70.2 million, -10.5%;
    • Aviation: EUR59.4 million, -20.5%;
    • Security: EUR10.9 million, +194.6%;
    • Consumers: EUR57.0 million, -28.5%;
      • Concessions: EUR41.3 million, -22.9%;
      • Parking: EUR15.8 million, -29.8%;
  • Real Estate: EUR18.6 million, -64.7%;
  • Alliances & Participations: EUR7.7 million, -30.6%;
• Operating profit: EUR62.9 million, -54.2%;
  • Business Area Aviation: EUR12.9 million, -33.5%;
    • Aviation: EUR11.6 million, -52.3%;
    • Security: EUR1.3 million, -126.5%;
    • Consumers: EUR38.8 million, -42.4%;
      • Concessions: EUR27.0 million, -40.0%;
      • Parking: EUR12.9 million, -34.5%;
  • Real Estate: EUR9.7 million, -78.2%;
  • Alliances & Participations: EUR1.5 million, -75.0%;
• Net profit: EUR22.4 million, -76.6%;
• Amsterdam Airport Schiphol:
  • Passenger numbers: 20.3 million, -11.2%;
    • SkyTeam airlines: 13.3 million, -8.8%;
    • LCCs: 2.1 million, -19.9%;
  • Cargo volume: -26.7%;
  • Aircraft movements: -9.4%. [more]

Schiphol Group: "Schiphol Group's Management Board is lowering its profit projection contained in the 2008 annual report. As a consequence of the global financial and economic crisis and restructuring charges the net result for 2009 is expected to be between EUR40 million and EUR50 million, but this is conditional to no additional fair value changes, no further deterioration of the economy and other unforeseen circumstances. The prospects for the development of traffic and transport and the global economy as a whole during the second half of 2009 are currently too uncertain to warrant any further statements in this regard," Company statement. Source: Schiphol Group, 27-Aug-2009.