Key financial data
KeY data
|
(CHF 1,000) 1) |
|
First half 2019 |
|
First half 2018 |
|
Change in % |
|
Total revenue |
|
587,954 |
|
540,182 |
|
8.8 |
|
of which aviation revenue |
|
315,376 |
|
309,024 |
|
2.1 |
|
of which non-aviation revenue |
|
272,578 |
|
231,158 |
|
17.9 |
|
Operating expenses |
|
–284,297 |
|
–300,618 |
|
–5.4 |
|
Earnings before interest, tax, depreciation and amortisation (EBITDA) |
|
303,657 |
|
239,564 |
|
26.8 |
|
EBITDA margin (in %) |
|
51.6 |
|
44.3 |
|
|
|
Earnings before interest and tax (EBIT) |
|
187,708 |
|
115,786 |
|
62.1 |
|
EBIT margin (in %) |
|
31.9 |
|
21.4 |
|
|
|
Profit |
|
143,398 |
|
84,511 |
|
69.7 |
|
|
|
|
|
|
|
|
|
Cash flow from operating activities |
|
200,783 |
|
195,117 |
|
2.9 |
|
Cash flow from investing activities |
|
–139,467 |
|
–68,983 |
|
102.2 |
|
|
|
|
|
|
|
|
|
Invested capital as at reporting date |
|
3,470,742 |
|
3,385,217 |
|
2.5 |
|
Return on invested capital (in %) 2) |
|
9.3 |
|
7.2 |
|
|
|
Equity as at reporting date |
|
2,319,143 |
|
2,280,066 |
|
1.7 |
|
Return on equity (in %) 2) |
|
12.9 |
|
10.1 |
|
|
|
Equity ratio (in %) |
|
53.9 |
|
54.5 |
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing liabilities (net) |
|
364,470 |
|
232,939 |
|
56.5 |
|
Interest-bearing liabilities (net) / EBITDA 2) |
|
0.57x |
|
0.42x |
|
|
|
|
|
|
|
|
|
|
|
Key operational data |
|
|
|
|
|
|
|
Number of passengers |
|
14,924,134 |
|
14,579,679 |
|
2.4 |
|
Number of flight movements |
|
135,871 |
|
134,608 |
|
0.9 |
|
Freight (in tonnes) |
|
226,003 |
|
244,330 |
|
–7.5 |
|
Number of full-time positions as at reporting date |
|
1,755 |
|
1,719 |
|
2.1 |
|
Number of employees as at reporting date |
|
2,031 |
|
1,980 |
|
2.6 |
|
|
|
|
|
|
|
|
|
Key data for shareholders of Flughafen Zurich AG |
|
|
|
|
|
|
|
Number of issued shares |
|
30,701,875 |
|
30,701,875 |
|
|
|
Equity per share (CHF) |
|
75.54 |
|
74.26 |
|
1.7 |
|
Basic earnings per share (CHF) |
|
4.67 |
|
2.75 |
|
69.8 |
|
Diluted earnings per share (CHF) |
|
4.67 |
|
2.75 |
|
69.8 |
|
|
|
|
|
|
|
|
|
Flughafen Zürich AG (registered share) |
|
Security number |
|
SIX |
|
Reuters |
|
|
|
31941693 |
|
FHZN |
|
FHZN.S |
|
Share price as at 30.06. (CHF) |
|
183.80 |
|
202.40 |
|
–9.2 |
1) All cited key financial data are unaudited.
2) Based on the result of the 12-month period preceding the reporting date.
Key data excluding the influence of aircraft noise
Flughafen Zürich AG refinances all costs relating to aircraft noise through noise charges based on the “costs-by-cause” principle. These noise charges have a specified purpose, and any surplus, after all noise-related expenses have been paid, must be repaid and does not belong to the owners of Flughafen Zürich AG.
As the consolidated financial statements of Flughafen Zürich AG include noise charges, noise-related expenses and noise-related items in the balance sheet, key figures are also stated for the shareholders excluding the influence of aircraft noise. In the long term, noise-related items will not impact the income statement or the liquidity of Flughafen Zürich AG.
The figures for the income statement and results including and excluding noise-related factors are as follows:
|
|
|
First half 2019 |
|
First half 2018 |
||||||||
|
(CHF 1,000) |
|
Including influence of noise |
|
Elimination influence of noise |
|
Excluding influence of noise |
|
Including influence of noise |
|
Elimination influence of noise |
|
Excluding influence of noise |
|
Revenue |
|
587,954 |
|
–5,473 |
|
582,481 |
|
540,182 |
|
–5,619 |
|
534,563 |
|
Operating expenses |
|
–284,297 |
|
1,649 |
|
–282,648 |
|
–300,618 |
|
59,113 |
|
–241,505 |
|
EBITDA |
|
303,657 |
|
–3,824 |
|
299,833 |
|
239,564 |
|
53,494 |
|
293,058 |
|
Depreciation and amortisation |
|
–115,949 |
|
2,133 |
|
–113,816 |
|
–123,778 |
|
2,657 |
|
–121,121 |
|
EBIT |
|
187,708 |
|
–1,691 |
|
186,017 |
|
115,786 |
|
56,151 |
|
171,937 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit |
|
143,398 |
|
–4,860 |
|
138,538 |
|
84,511 |
|
45,325 |
|
129,836 |
As a result, the adjusted key figures excluding the influence of aircraft noise are as follows:
|
(CHF 1,000) 1) |
|
First half 2019 |
|
First half 2018 |
|
Change in % |
|
Total revenue |
|
582,481 |
|
534,563 |
|
9.0 |
|
of which aviation revenue |
|
309,903 |
|
303,405 |
|
2.1 |
|
of which non-aviation revenue |
|
272,578 |
|
231,158 |
|
17.9 |
|
Operating expenses |
|
–282,648 |
|
–241,505 |
|
17.0 |
|
Earnings before interest, tax, depreciation and amortisation (EBITDA) |
|
299,833 |
|
293,058 |
|
2.3 |
|
EBITDA margin (in %) |
|
51.5 |
|
54.8 |
|
|
|
Earnings before interest and tax (EBIT) |
|
186,017 |
|
171,937 |
|
8.2 |
|
EBIT margin (in %) |
|
31.9 |
|
32.2 |
|
|
|
Profit |
|
138,538 |
|
129,836 |
|
6.7 |
|
|
|
|
|
|
|
|
|
Cash flow from operating activities |
|
204,125 |
|
195,535 |
|
4.4 |
|
Cash flow from investing activities |
|
–126,677 |
|
–79,783 |
|
58.8 |
|
|
|
|
|
|
|
|
|
Invested capital as at reporting date |
|
3,365,066 |
|
3,312,514 |
|
1.6 |
|
Return on invested capital (in %) 2) |
|
9.4 |
|
8.8 |
|
|
|
Equity as at reporting date |
|
2,225,784 |
|
2,191,567 |
|
1.6 |
|
Return on equity (in %) 2) |
|
13.4 |
|
12.7 |
|
|
|
Equity ratio (in %) |
|
59.1 |
|
60.3 |
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing liabilities (net) |
|
796,281 |
|
670,366 |
|
18.8 |
|
Interest-bearing liabilities (net) / EBITDA 2) |
|
1.27x |
|
1.12x |
|
|
|
|
|
|
|
|
|
|
|
Key data for shareholders of Flughafen Zurich AG |
|
|
|
|
|
|
|
Number of issued shares |
|
30,701,875 |
|
30,701,875 |
|
|
|
Equity per share (CHF) |
|
72.50 |
|
71.38 |
|
1.6 |
|
Basic earnings per share (CHF) |
|
4.51 |
|
4.23 |
|
6.6 |
|
Diluted earnings per share (CHF) |
|
4.51 |
|
4.23 |
|
6.6 |
1) All cited key financial data are unaudited.
2) Based on the result of the 12-month period preceding the reporting date.
