NETHERLANDS. Amsterdam Schiphol Airport authority Schiphol Group has reported a +5.5% increase in revenue for the first six months of 2012, to €637 million (US$796.5 million). A solid result in the aviation segment was boosted by stand-out revenue growth from concessions, up by +9.9% to €77 million (US$96.3 million), and at Schiphol Airport Retail directly-operated shops, up by +10.2% to €40 million (US$50 million).
However, increased operating expenses, depreciation and amortisation led to a decrease in the group’s operating result of -11.2% to €141 million (US$176.3 million).
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Schiphol Group revenue by business segment H1 2012 |
Airside spend per passenger increased by +7.8% to €16.48 (US$20.60). The group reported that the renovation of Lounge 3 last year, which resulted in retail changes expanding the luxury and brand offer, had a positive effect on retail revenues. It also cited the expansion and improvement of shops in Departure Lounge 4 as driving retail and concession growth.
Average spend per passenger at catering establishments increased by +2.4% to €5.54 (US$6.93).
Passenger numbers at Schiphol Airport grew by +3.7% to 23.9 million in the first half of the year, which the group attributed mainly to additional flights from home carrier Air France-KLM, with other airlines also adding flights.
Schiphol’s revenue from other Dutch airports grew by +6.9% to €31 million (US$38.8 million) mainly due to larger traffic volumes at Eindhoven Airport, where passenger numbers grew by +15.1% to 1.4 million, and at Rotterdam The Hague Airport, where passenger numbers grew by +15.4% to 600,000.
Schiphol also benefited from an +81% increase in pre-tax profit share, to €29 million (US$36.3 million) from its alliances with other airport authorities, notably Aéroports de Paris and Brisbane Airport Corp.
At New York JFK Airport T4, owned by Schiphol Group, passenger numbers grew by + 4.5% to 5 million, while at Brisbane Airport, where Schiphol holds an 18.72% stake, passenger numbers grew by +6.2% to 10.1 million passengers.
The group said that it expects to match last year’s net result of €194 million (US$242.5 million) for full-year 2012, but said it was aware of the political and economic uncertainties that may have an effect on its performance.
