Royal Schiphol Group publishes positive annual results for 2018

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Focus on quality and a solid performance

Today, 15 February 2019, Royal Schiphol Group publishes its results for 2018. The net result is 0.4% lower than in 2017 and amounts to 278 million euros (2017: 280 million euros). Revenue increased by 3.5% to 1,509 million euros. The slight decrease in the net result can be attributed mainly to higher operating expenses to maintain our desired level of quality for growing passenger numbers, as well as to digitisation and costs related to major investments.

Royal Schiphol Group President & CEO Dick Benschop: ‘Schiphol performed solidly in 2018. It was a year that brought a record number of travellers, punctuality improvements and solid financial results. It is an enormous achievement to be the world’s second-best connected airport hub, especially for a small country like the Netherlands. It’s a position that we have achieved together with our airlines and that we value. We want to maintain that position through a safe, moderate and controlled increase in the number of air transport movements from our airport, while noise disturbance will decrease. Our new charges encourage the use of cleaner and quieter aircraft.

We are committed to becoming the world’s most sustainable airport. The future development of Schiphol will be centred around quality of life, the quality of our network and the quality of our services. To provide comfortable and efficient services for travellers and airlines alike, we will continue to invest in additional space, innovations and accessibility.

Key developments

• In 2018, the Integral Safety Management System (ISMS) was launched and a roadmap with measures was developed and published.

• Amsterdam Airport Schiphol saw passenger volumes rise by 3.7% to 71.1 million. The number of air transport movements at Amsterdam Airport Schiphol, at 499,444, reached the annual limit of 500,000 set for the period up to and including 2020. Cargo volumes fell by 2.5% to 1.7 million tonnes.

• Concession income was up 3.1%, despite average retail spending per passenger at Amsterdam Airport Schiphol decreasing 1.6% to 13.13 euros; average spending per passenger in food and beverage facilities was up 2.7% to 4.81 euros.

• Positive market developments and high occupancy rates of commercial real estate resulted in significant fair value gains driving the results from investment property up to an amount of 107 million euros (2017: 42 million euros).

• The regional airports also saw significant growth in passenger volumes and revenue.

• The contribution from international activities was strong, mainly driven by our participation in Groupe ADP and Brisbane Airport Corporation, with the results from international activities increasing from 97 million euros in 2017 to 102 million euros in 2018, which is equal to 37% of the net result of the group.

• In March 100 electrical buses were added to the Connexxion public transport network linking Schiphol to the surrounding region, creating the largest zero-emissions bus fleet in Europe.

• In October the Dutch aviation sector presented its ‘Smart and Sustainable’ action plan to the Ministry of Infrastructure and Water Management.

• Investments amounted to 581 million euros, up 18.5% compared with 2017 (490 million euros).

• The proposed dividend to shareholders is 117 million euros (2017: 150 million euros).

15 February 2019

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