Schiphol continues to invest
(Thomson Reuters ONE) -
Annual Results 2014 Schiphol Group
Schiphol, 19 February 2015
Today, Schiphol Group is presenting its annual results for 2014. Revenue
increased by 8.1%, from 1,364 million euros in 2013 to 1,474 million euros in
2014. Excluding the rise in revenue by 52 million euros resulting from
increasing its interest in property fund AREB C.V. to 100%, the rise amounted to
4.2%. Adjusted for the effects of this increase, total operating expenses
decreased by 0.7%. The net result amounted to 272 million euros in 2014 against
227 million euros in 2013. In 2014 Schiphol invested 396 million euros in fixed
assets.
The airport charges will decrease by approximately 7% with effect from 1 April
2015. In addition, an amount of approximately 35 million euros must be settled
in the airport charges with effect from 1 April 2016, in accordance with the
Aviation Act, mainly due to the better than expected development in passenger
volumes and lower depreciation charges in 2014.
Schiphol Group President and CEO Jos A. Nijhuis: 'These are healthy results
which enable us to continue to invest in the Mainport. Increasing competition
forces us to remain alert and to make further investments in the quality and
capacity of Schiphol. Examples include the completion of the central security
project in the non-Schengen area in 2015 and the A Area development of a new
terminal and pier. We will also reduce the airport charges and keep them at a
very competitive level. In addition to reducing costs, we are working hard to
further improve efficiency and quality levels, for which we maintain a
constructive dialogue with our business partners. In this way we all contribute
to strengthening the Mainport and its hub function.'
Key developments
* Our airports have yielded excellent operational performance.
* Schiphol Group achieved sound financial results thanks to the growth in
passenger volumes and its cost control efforts.
* Passenger volumes at Amsterdam Airport Schiphol increased by 4.6% to 55
million. KLM and its partners account for most of this increase. Air
transport movements at Amsterdam Airport Schiphol rose by 3.0% to 438,000.
Schiphol Group as a whole, including its regional airports, welcomed 60.6
million passengers (+5.3% compared with 2013) and handled 484,250 air
transport movements (+3.3% compared with 2013).
* Cargo volumes increased to 1.6 million tonnes (+6.7%).
* Schiphol achieved an energy efficiency level of 2.7% in 2014. The target has
been raised from 2% to 4%.
* Construction work for the installation of central security in the non-
Schengen area, the renovation of Lounge 2 and the new Hilton Hotel is in
full swing. The redevelopment of The Base, an innovative office complex, is
nearing completion.
* Due in part to renovation projects, developments in online retail and
congestion during peak hours average retail spending per departing passenger
in the shops behind passport control at Amsterdam Airport Schiphol fell from
15.89 to 14.48 euros. This is exerting downward pressure on concession
income and retail sales. Parking revenues are increasing.
* In 2014, Schiphol acquired a 100% stake in property fund AREB C.V., leading
to full control of a portfolio of 17 strategic properties at Schiphol.
* Schiphol Group saw the occupancy rate of its total real estate portfolio
improve and reach 88.4% as at yearend 2014 (2013: 86.3%).
Click the link below to view the full press release:
Press Release 2014 Annual Results Schiphol Group:
http://hugin.info/132864/R/1895603/672276.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1895603]
Unternehmensinformation / Kurzprofil:
Datum: 19.02.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 372682
Anzahl Zeichen: 4550
contact information:
Town:
Schiphol
Kategorie:
Business News
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"Schiphol continues to invest"
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