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Zurich Airport revenue down 4.1%, expects improvements in 2010

22-Mar-2010 1:02 PM

Switzerland’s Zurich Airport revenue down 4.1% - financial highlights for the 12 months ended 31-Dec-2009:

  • Revenue: EUR569.6 million, -4.1% year-on-year;
    • Aeronautical: EUR350.8 million, -3.9%;
      • Passenger fees: EUR120.2 million, -2.1%;
      • Security fees: EUR97.4 million, -1.3%;
    • Non-aeronautical: EUR218.8 million, -4.3%;
      • Commercial: EUR118.1 million, -6.1%;
        • Retail and duty free: EUR49.7 million, -10.0%;
        • Car parks: EUR43.0 million, -3.8%;
      • Rental and leasing: EUR59.4 million, +4.2%;
  • Operating cost: EUR290.3 million, -3.9%;
  • EBITDA: EUR279.3 million, -4.3%;
  • EBIT: EUR148.0 million, -8.9%;
  • Passenger numbers: 21.9 million, -0.8%;
  • Cargo volume: 344,415 tonnes, -11.2%;
  • Aircraft movements: 262,121, -4.7%. [more]

*Based on the conversion rate at EUR1 = CHF1.44

Zurich Airport: “Flughafen Zürich AG is cautiously optimistic that an economic recovery will have a positive impact on passenger demand. Overall, the company anticipates a slight increase in passenger volume by 3 to 5%. It also expects a slight improvements in the consumer sentiment…excluding any unexpected influences, both the EBITDA and the EBITDA margin are likely to be slightly higher than in 2009. The company also expects profit to develop positively, excluding the proceeds from the partial disposal of the Indian holding in 2009,” Company statement. Source: Zurich Airport, 19-Mar-2010.