EuroAirport records satisfactory results in 2010
Further reduction of net debt
For 2010, EuroAirport reports a turnover of 86.3 million euro, an increase of 11.5% in comparison to the previous year. The combined impact of an upturn in traffic (7% more passengers and 27% more freight) and the strength of the Swiss franc explain this encouraging development.
Aeronautical revenues account for 46% of turnover increasing by 12.7% compared to 2009 at constant prices. Non-aeronautical revenues show an increase of 10.5%, with commercial and car park revenues increasing twice as much as the revenue from rents and industrial services.
At 30.8 million euro, cash-flow increased significantly in comparison with 2009 (24.6 million euro). Net debt dropped to 93.6 million euro despite a strong Swiss franc at the end of the fiscal year (-5.9 million euro in comparison to 2009). As a result, the net debt/cash-flow ratio decreased from four to three years, providing EuroAirport with the necessary flexibility to make major investments in development over the next few years.
For more information: EuroAirport Press Release