Financial outlook

Traffic and revenue trend

Flughafen Zürich AG expects passenger growth of between 3.5% and 4.0% in 2018. Aviation revenue will be higher due to the expected growth in passenger volumes. Rising revenues are also expected in the Non-aviation segment, due chiefly to the new duty free concepts and international business activities.

Operating expenses

Operating expenses will likely increase year on year in 2018 – again, mainly as a result of international business activities.

Investments

The company has earmarked around CHF 300 million for investments in ongoing projects in 2018. As well as various works to maintain the value of the airportʼs infrastructure, the biggest investment volume of around CHF 140 million is for the major project THE CIRCLE. Costs for the “Zone A” project and the “Delta South stands” project are also included in the investment budget.

Result

Factoring out one-off effects in the financial year 2017 and any one-off effects during the current year, earnings before interest, tax, depreciation and amortisation (EBITDA) as well as profit are expected to be higher than the previous year.