Key financial data

KeY data

(CHF 1,000) 1)

 

First half 2020

 

First half 2019

 

Change in %

Total revenue

 

310,400

 

587,954

 

–47.2

of which aviation revenue

 

130,429

 

315,376

 

–58.6

of which non-aviation revenue

 

179,971

 

272,578

 

–34.0

Operating expenses

 

–205,508

 

–284,297

 

–27.7

Earnings before interest, tax, depreciation and amortisation (EBITDA)

 

104,892

 

303,657

 

–65.5

EBITDA margin (in %)

 

33.8

 

51.6

 

 

Earnings before interest and tax (EBIT)

 

–18,376

 

187,708

 

–109.8

EBIT margin (in %)

 

–5.9

 

31.9

 

 

Consolidated result

 

–27,514

 

143,398

 

–119.2

 

 

 

 

 

 

 

Cash flow from operating activities

 

128,775

 

200,783

 

–35.9

Cash flow from investing activities

 

–370,434

 

–139,467

 

165.6

 

 

 

 

 

 

 

Invested capital as at reporting date

 

4,382,205

 

3,470,742

 

26.3

Return on invested capital (in %) 2)

 

4.0

 

9.3

 

 

Equity as at reporting date

 

2,368,544

 

2,319,143

 

2.1

Return on equity (in %) 2)

 

5.9

 

12.9

 

 

Equity ratio (in %)

 

45.3

 

50.5

 

 

 

 

 

 

 

 

 

Interest-bearing liabilities (net)

 

796,396

 

364,470

 

118.5

Interest-bearing liabilities (net) / EBITDA 2)

 

1.80x

 

0.57x

 

 

 

 

 

 

 

 

 

Key operational data

 

 

 

 

 

 

Number of passengers

 

5,321,602

 

14,924,134

 

–64.3

Number of flight movements

 

60,417

 

135,871

 

–55.5

Freight (in tonnes)

 

144,526

 

226,003

 

–36.1

Number of full-time positions as at reporting date

 

1,864

 

1,755

 

6.2

Number of employees as at reporting date

 

2,142

 

2,031

 

5.5

 

 

 

 

 

 

 

Key data for shareholders of Flughafen Zurich AG

 

 

 

 

 

 

Number of issued shares

 

30,701,875

 

30,701,875

 

 

Equity per share (CHF)

 

77.15

 

75.54

 

2.1

Basic earnings per share (CHF)

 

–0.90

 

4.67

 

–119.3

Diluted earnings per share (CHF)

 

–0.90

 

4.67

 

–119.3

 

 

 

 

 

 

 

Flughafen Zürich AG (registered share)

 

Security number

 

SIX

 

Reuters

 

 

31941693

 

FHZN

 

FHZN.S

Share price as at 30.06. (CHF)

 

123.10

 

183.80

 

–33.0

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 cash flow statement of Flughafen Zürich AG.

The figures in the income statement including and excluding noise-related factors are as follows:

 

 

First half 2020

 

First half 2019

(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

 

310,400

 

–3,515

 

306,885

 

587,954

 

–5,473

 

582,481

Operating expenses

 

–205,508

 

1,891

 

–203,617

 

–284,297

 

1,649

 

–282,648

EBITDA

 

104,892

 

–1,624

 

103,268

 

303,657

 

–3,824

 

299,833

Depreciation and amortisation

 

–123,268

 

1,814

 

–121,454

 

–115,949

 

2,133

 

–113,816

EBIT

 

–18,376

 

190

 

–18,186

 

187,708

 

–1,691

 

186,017

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated result

 

–27,514

 

1,257

 

–26,257

 

143,398

 

–4,860

 

138,538

As a result, the adjusted key figures excluding the influence of aircraft noise are as follows:

(CHF 1,000) 1)

 

First half 2020

 

First half 2019

 

Change in %

Total revenue

 

306,885

 

582,481

 

–47.3

of which aviation revenue

 

126,914

 

309,903

 

–59.0

of which non-aviation revenue

 

179,971

 

272,578

 

–34.0

Operating expenses

 

–203,617

 

–282,648

 

–28.0

Earnings before interest, tax, depreciation and amortisation (EBITDA)

 

103,268

 

299,833

 

–65.6

EBITDA margin (in %)

 

33.7

 

51.5

 

 

Earnings before interest and tax (EBIT)

 

–18,186

 

186,017

 

–109.8

EBIT margin (in %)

 

–5.9

 

31.9

 

 

Consolidated result

 

–26,257

 

138,538

 

–119.0

 

 

 

 

 

 

 

Cash flow from operating activities

 

129,025

 

204,125

 

–36.8

Cash flow from investing activities

 

–364,720

 

–126,677

 

187.9

 

 

 

 

 

 

 

Invested capital as at reporting date

 

4,274,112

 

3,365,066

 

27.0

Return on invested capital (in %) 2)

 

4.0

 

9.4

 

 

Equity as at reporting date

 

2,276,438

 

2,225,784

 

2.3

Return on equity (in %) 2)

 

6.1

 

13.4

 

 

Equity ratio (in %)

 

48.2

 

59.1

 

 

 

 

 

 

 

 

 

Interest-bearing liabilities (net)

 

1,224,918

 

796,281

 

53.8

Interest-bearing liabilities (net) / EBITDA 2)

 

2.81x

 

1.27x

 

 

 

 

 

 

 

 

 

Key data for shareholders of Flughafen Zurich AG

 

 

 

 

 

 

Number of issued shares

 

30,701,875

 

30,701,875

 

 

Equity per share (CHF)

 

74.15

 

72.50

 

2.3

Basic earnings per share (CHF)

 

–0.86

 

4.51

 

–119.1

Diluted earnings per share (CHF)

 

–0.86

 

4.51

 

–119.1

1) All cited key financial data are unaudited.

2) Based on the result of the 12-month period preceding the reporting date.