Zurich Airport EBITDA up 42% in 1H2016, expects FY EBITDA to be in line with 2015

Flughafen Zurich AG revenue up 3% - financial highlights for six months ended 30-Jun-2016:

• Total revenue: CHF480.7 million (USD489.7 million), +2.6% year-on-year;
• • Aviation: CHF292.2 million (USD297.6 million), +4.7%;
  • • Flight operations charges: CHF258.5 million (USD263.3 million), +5.1%;
    • Aviation fees: CHF32.1 million (USD32.7 million), +2.4%;
  • Non-aviation: CHF188.5 million (USD192.0 million), -0.6%;
  • • Commercial and parking: CHF104.2 million (USD106.1 million), +0.8%;
    • Revenue from facility management: CHF61.2 million (USD62.3 million), +0.2%;
• EBITDA: CHF265.9 million (USD270.8 million), +41.9%;
• Net profit: CHF103.8 million (USD105.7 million), +158%;
• Passenger numbers: 12.6 million, +3.4%;
• Cargo volume: 206,215 tonnes, +1.8%;
• Aircraft movements: 129,587, +1.0%;
• Total assets: CHF3906 million (USD3979 million);
• Cash and cash equivalents: CHF249.6 million (USD254.2 million);
• Total liabilities: CHF1811 million (USD1844 million). [more - original PR]

*Based on the average conversion rate at CHF1 = USD1.01854

Flughafen Zurich AG: "Flughafen Zürich AG expects growth in passenger numbers of around 3.5% for 2016, boosted in particular by the positive trend in local passengers and a slight increase in flight movements. Factoring out the one-off effects and any other extraordinary factors, earnings before interest, tax, depreciation and amortization (EBITDA) should be in line with the 2015 figure. Compared with the prior-year period, higher depreciation will result in a decline in profit excluding noise-related items." Source: Company statement, 24-Aug-2016.