2011: very satisfactory results
Further reduction of net debt
For 2011, EuroAirport reports a turnover of 101.3 million euro, an increase of 17.4% in comparison to the previous year. This positive development can be attributed to two factors increased passenger figures reaching an all-time high of 5.05 million and the effects of a positive exchange rate due to the strong Swiss franc.
Aeronautical revenues account for 47% of turnover increasing by 21.4% compared to 2010. Nonaeronautical revenues show an increase of 14%. Because of economic difficulties in the industrial sector,rents and industrial services have stagnated if the effect of exchange rates is not taken into account. Onthe other hand, revenues from retail and parking have increased in line with the growth in passengers.
Net debt dropped from 93.6 million to 66.2 million euro (-27.3 million euro in comparison to 2010). As a result, the net debt/cash-flow ratio decreased from three to 1.7 years, providing EuroAirport with the necessary leeway to make investments needed over the next few years.
For more information: EuroAirport Press Release