Sydney Airport EBITDA up 8% in 2016, 2017 outlook 'confident'

Sydney Airport revenue up 11% – financial highlights for 2016:

• Revenue: AUD1365 million (USD1015 million), +11.0% year-on-year;
• • Aeronautical: AUD614.2 million (USD456.7 million), +17.4%;
  • Aeronautical security recovery: AUD87.3 million (USD64.9 million), +4.8%;
  • Retail: AUD295.6 million (USD219.8 million), +12.2%;
  • Property and car rental: AUD204.2 million (USD151.8 million), +1.5%;
  • Parking and ground transport: AUD156.1 million (USD116.1 million), +3.6%;
• EBITDA: AUD1086 million (USD807.4 million), +8.2%;
• EBITDA excl Western Sydney Airport project costs: AUD1107 million (USD823.0 million), +10.3%;
• Passengers: 41.9 million, +5.6%;
• • Domestic: 26.9 million, +3.8%;
  • International: 14.9 million, +8.9%;
• Capital expenditure: AUD384.9 million (USD286.2 million)
• Total assets: AUD12,326 million (USD9166 million);
• Cash and cash equivalents: AUD465.8 million (USD346.4 million);
• Total liabilities: AUD11,239 million (USD8358 million).  [more - original PR]

*Based on the average conversion rate at AUD1 = USD0.743623

Sydney Airport: “Our confidence in the outlook for the business supports the guidance for a distribution increase in 2017 to 33.5 cents per stapled security announced today,” Kerrie Mather, MD and CEO. Source: Company statement, 16-Feb-2017.