Sydney Airport revenue up 11%, EBITDA up 11.8% in 4Q2009

Australia's Sydney Airport revenue up 11% - financial/traffic highlights:

• Three months ended 31-Dec-2009:
  • Revenue: USD213.2 million, +11.1% year-on-year;
    • Aeronautical: USD88.2 million, +17.8%;
    • Aeronautical security recovery: USD17.2 million, +2.0%;
    • Retail: USD47.7 million, +7.4%;
    • Property: USD28.6 million, +1.1%;
    • Commercial trading: USD28.5 million, +8.2%;
  • Operating costs: USD38.4 million, +7.2%;
  • EBITDA: USD173.8 million, +13.5%;
  • Revenue per passenger: USD22.59, +3.6%;
• 12 months ended 31-Dec-2009:
  • Revenue: USD768.6 million, +5.0%;
    • Aeronautical: USD309.6 million, +8.2%
    • Aeronautical security recovery: USD66.4 million, +1.5%;
    • Retail: USD173.6 million, +0.4%;
    • Property: USD107.1 million, +5.7%;
    • Commercial trading: USD105.5 million, +3.1%;
  • Operating costs: USD144.2 million, +1.2%;
  • EBITDA: USD621.0 million, +6.1%;
  • Revenue per passenger: USD23.30, +4.6%. [more]

*Based on the conversion rate at USD1 =AUD1.11

MAp: "2009 was an exceptionally challenging year and Sydney Airport took early and pre-emptive action on costs at the end of 2008 and early in 2009. In addition, Sydney Airport's shareholders took decisive action to strengthen its balance sheet and as a result the airport has no refinancing requirements until late 2011 and is in a strong financial position," Kerrie Mather, CEO. Source: MAp, 22-Jan-2010.