Schiphol Group EBITDA down 10% in 2016, expects lower net profit in 2017

Schiphol Group revenue up 1% - financial highlights for 12 months ended 31-Dec-2016:

• Revenue: EUR1435 million, +0.8% year-on-year;
• • Airport charges: EUR848 million, -2.4%;
  • Concessions: EUR187 million, +11.3%;
  • Rent and leases: EUR157 million, +1.3%;
  • Parking fees: EUR116 million, +7.1%;
  • Retail sales: EUR3 million, -90.9%;
  • Advertising: EUR18 million, +5.0%;
  • Services and activities on behalf of third parties: EUR23 million, +5.3%;
• EBITDA: EUR658 million, -10.4%;
• Operating profit: EUR420 million, -16.8%;
• • Aviation: EUR37 million, -64.0%;
• Net profit: EUR306 million, -18.1%;
• Total assets: EUR6426 million;
• Cash and cash equivalents: EUR238.7 million;
• Total liabilities: EUR25667 million. [more - original PR]

Schiphol Group: "Barring unforeseen circumstances, we expect to see passenger numbers grow by 2% to 4%, and to record a lower net result than in 2016. This outlook incorporates a substantial drop in airport charges as of 1 April 2017, combined with the assumption that the value of our real estate remains stable." Source: Company statement, 17-Feb-2017.