Schiphol satisfied with 2011 - More destinations and increased market share
(Thomson Reuters ONE) -
Schiphol, February 17, 2012
* Net revenue grew by EUR 98 million to EUR 1,278 million (2010: EUR 1,180
million);
* EBITDA up 6.0% to EUR 512 million (2010: EUR 483 million);
* The net result is EUR 194 million (2010: EUR 169 million) and earnings per
share amount to EUR 1,045 (2010: EUR 908);
* Dividend at EUR 524 per share, with total dividend distribution amounting to
EUR 97 million;
* Return on equity: 6.2% (2010: 5.6%)
Key developments:
* Passenger numbers rose by 10.0% to a record 49.8 million; the network of
direct connections was expanded to a total of 313, including 12 new
destinations primarily thanks to AF-KLM;
* Mainport Schiphol's competitive position was visibly strengthened with a
greater market share for Amsterdam Airport Schiphol, now back in place as
Europe's fourth-largest airport after Heathrow, CDG-Paris and Frankfurt;
* Cargo volumes grew for the year as a whole (+0.8%), though during the last
six months there was a slight decline;
* A better than expected result of approximately EUR 15 million for Aviation,
mainly due to the fact that passenger numbers exceeded estimates at the time
of the consultation, will be repaid to the airlines;
* Operating result from Consumer Products & Services increased by more than
10%;
* Real Estate shows a stable development and improved occupancy levels;
* Trend in results posted by regional airports and international activities is
positive;
* The reorganisation initiated in 2009 has now been virtually completed. In
2011, the average workforce was reduced by 213 FTE to 2,115 FTE;
* The refinancing of a nominal EUR 403 million in bonds resulted in a
significant increase in the average term to maturity.
Response from Jos Nijhuis, Schiphol Group President:
"In these economically turbulent years, it is all the more important that the
Netherlands can rely on its Mainports. Amsterdam Airport Schiphol wants to help
strengthen the Netherlands' competitive potential. That is why I am pleased with
the developments in 2011. Together with the airlines we welcomed a record number
of passengers. Our network of international connections was further expanded and
we saw our European market share grow. Punctuality improved and 93% of our
passengers rate our airport as 'good to excellent'.
However, our capacity is strained on peak days. In order to address this
situation, we will work with our partners to expand our capacity and further
improve quality. This will allow us to keep providing our customers with the
level of service they expect while safeguarding our competitive position."
Click the link below to view the full press release:
Schiphol Group Financial Results 2011 Press Release:
http://hugin.info/132864/R/1586857/497579.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Schiphol Group via Thomson Reuters ONE
[HUG#1586857]
Unternehmensinformation / Kurzprofil:
Datum: 17.02.2012 - 08:02 Uhr
Sprache: Deutsch
News-ID 115917
Anzahl Zeichen: 3726
contact information:
Town:
Schiphol
Kategorie:
Business News
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"Schiphol satisfied with 2011 - More destinations and increased market share"
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