Schiphol Group EBITDA up 1% in 1H2013, CEO notes challenges remain

Netherlands' Schiphol Group revenue up 3% - financial highlights for six months ended 30-Jun-2013:

• Revenue: EUR658 million, +3.3% year-on-year;
• • Airport charges: EUR382 million, +2.9%;
  • Concessions: EUR80 million, +4.6%;
  • Rents and leases; EUR91 million, +5.8%;
  • Parking fees: EUR48 million, +3.9%;
  • Retail sales: EUR41 million, +4.4%;
• EBITDA: EUR266 million, +1.0%;
• • Aviation: EUR101 milion, +2.8%;
• Operating profit: EUR148 million, +5.1%;
• • Aviation: EUR9 million, -55.0%;
• Net profit: EUR110 million, +18.9%;
• Amsterdam Airport Schiphol:
• • Passenger numbers: 24.7 million, +3.1%;
  • Cargo volume: 735,000 tonnes,
  • Aircraft movements: 204,452, -0.7%;
• Total assets: EUR5687 million;
• Cash and cash equivalents: EUR312.9 million;
• Total liabilities: EUR2451 million. [more - original PR]

Schiphol Group: "Barring unforeseen circumstances, the net result for 2013 will not be materially different to the 2012 figure of EUR 199 million." Source: Company statement, 22-Aug-2013.

Schiphol Group: "The growth in passenger numbers in the first half of 2013 is positive. This is mainly due to the strong network of hub carrier KLM and its partners in particular, and shows that even in difficult economic times Mainport Schiphol is a vital link for the Netherlands. However, these remain challenging times for the aviation sector. With the recently launched first construction phase of the Schiphol Master Plan we will be investing more than 500 million euros additionally, in order to remain a high-quality airport for passengers and airlines. Combined with the moderate rise in charges proposed for the coming years, this will further strengthen Schiphol's competitive position," Jos Nijhuis, President and CEO. Source: Company statement, 22-Aug-2013.