20/06/2013

2012: Record turnover for EuroAirport

Further reduction in net debt

EuroAirport enjoyed another successful business year in 2012. The bi-national airport in the three-country region reported a turnover of 106.5 million euros, an increase of 5.2% compared with the previous year. Factors accounting for this growth include more flights at attractive prices, increased flight frequencies and improved connection options with the key European hubs.

Income from air traffic operations accounted for 48% of turnover (2011: 47%). This represents a volume increase of 5.7% compared to the year before, despite a reduction in airport taxes. Non-air traffic income rose by 4.6%; income from commercial activities and parking fees increased sharply, while rents remained constant.

Operating costs rose by 7.4 million euros (+12.5%), around 2.7 million euros of which went on expenditure for security. This dramatic increase is due to a tightening of security measures and a general rise in costs in the security sector.
 
Despite a strong Swiss franc, net debt continued its downward trend to 34.1 million euros (32.1 million euros less than in 2011). Consequently the net debt to cash-flow ratio dropped from 1.7 to 0.9 years. Over the past ten years EuroAirport has succeeded in reducing its net debt by 137 million euros. This healthy financial situation makes it possible to launch important investments in development, planned for the upcoming years.

For more information: EuroAirport media release


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