Multi-year comparison
Zurich Airport Ltd.
Key financial data (consolidated)
|
(CHF million) |
|
2019 |
|
2020 |
|
2021 |
|
2022 |
|
2023 |
|
Total revenue |
|
1,210.1 |
|
624.0 |
|
680.0 |
|
1,023.5 |
|
1,236.3 |
|
of which aviation revenue |
|
661.5 |
|
221.7 |
|
240.6 |
|
491.1 |
|
610.1 |
|
of which non-aviation revenue |
|
548.6 |
|
402.3 |
|
439.4 |
|
532.4 |
|
626.2 |
|
Operating expenses |
|
–568.2 |
|
–428.0 |
|
–380.8 |
|
–467.9 |
|
–559.5 |
|
Earnings before interest, tax, depreciation and amortisation (EBITDA) |
|
641.8 |
|
196.0 |
|
299.2 |
|
555.6 |
|
676.7 |
|
EBITDA margin (in %) |
|
53.0 |
|
31.4 |
|
44.0 |
|
54.3 |
|
54.7 |
|
Earnings before interest and tax (EBIT) |
|
403.1 |
|
–56.6 |
|
19.1 |
|
260.2 |
|
389.9 |
|
EBIT margin (in %) |
|
33.3 |
|
–9.1 |
|
2.8 |
|
25.4 |
|
31.5 |
|
Consolidated result |
|
309.1 |
|
–69.1 |
|
–10.1 |
|
207.0 |
|
304.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flow from operating activities |
|
511.7 |
|
147.3 |
|
231.7 |
|
488.6 |
|
680.6 |
|
Cash flow from investing activities |
|
–628.3 |
|
–565.1 |
|
–86.6 |
|
–567.0 |
|
–170.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Invested capital as at reporting date 1) |
|
3,779.7 |
|
4,288.2 |
|
4,302.0 |
|
4,622.2 |
|
4,397.1 |
|
Average invested capital 1) |
|
3,635.3 |
|
4,034.0 |
|
4,295.1 |
|
4,462.1 |
|
4,509.7 |
|
Return on average invested capital (ROIC in %) |
|
8.8 |
|
–1.1 |
|
0.4 |
|
4.7 |
|
7.0 |
|
Equity as at reporting date |
|
2,469.1 |
|
2,336.8 |
|
2,411.3 |
|
2,679.1 |
|
2,803.6 |
|
Return on equity (in %) |
|
12.7 |
|
–2.9 |
|
–0.4 |
|
8.1 |
|
11.1 |
|
Equity ratio (in %) |
|
53.8 |
|
46.1 |
|
48.6 |
|
51.4 |
|
54.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest-bearing liabilities (net), excl. noise 2) |
|
1,158.4 |
|
1,403.4 |
|
1,387.8 |
|
1,290.2 |
|
1,110.3 |
|
Interest-bearing liabilities (net)/EBITDA, excl. noise 2) |
|
1.83x |
|
7.22x |
|
4.64x |
|
2.32x |
|
1.64x |
1) Invested capital includes equity and interest-bearing debt.
2) Interest-bearing liabilities (net) include interest-bearing debt less cash and cash equivalents, interest-bearing current and non-current financial assets and fixed-term deposits.
* For reasons of materiality, the “Noise” segment is not presented separately.
Key sustainability data1
|
Zurich Airport, Switzerland |
|
2019 |
|
2020 |
|
2021 |
|
2022 |
|
2023 |
|
CO 2 e emissions Scope 1+2 (tonnes) 2) |
|
27,850 |
|
27,496 |
|
32,390 7) |
|
29,067 |
|
24,014 |
|
Total energy consumption (MWh) |
|
157,281 7) |
|
136,896 7) |
|
172,871 7) |
|
170,641 7) |
|
173,266 |
|
Total waste amount (tonnes) |
|
18,439 |
|
8,623 |
|
8,506 |
|
12,943 |
|
15,574 |
|
No. of employees (excl. apprentices/interns/trainees) |
|
1,706 |
|
1,652 |
|
1,534 |
|
1,553 |
|
1,662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Florianópolis Airport, Brazil 3) |
|
2019 |
|
2020 |
|
2021 |
|
2022 |
|
2023 |
|
CO 2 e emissions Scope 1+2 (tonnes) 2) |
|
n/a |
|
n/a |
|
1,071 8) |
|
612 8) |
|
686 |
|
Total energy consumption (MWh) |
|
n/a |
|
9,420 |
|
7,968 |
|
8,733 7) |
|
10,955 |
|
Total waste amount (tonnes) |
|
433 |
|
383 |
|
412 |
|
469 |
|
741 |
|
No. of employees (excl. apprentices/interns/trainees) |
|
167 |
|
104 |
|
131 |
|
136 |
|
143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Vitória/Macaé Airports, Brazil 4) |
|
2019 |
|
2020 |
|
2021 |
|
2022 |
|
2023 |
|
CO 2 e emissions Scope 1+2 (tonnes) 2) |
|
n/a |
|
n/a |
|
1,274 8) |
|
592 8) |
|
659 |
|
Total energy consumption (MWh) |
|
n/a |
|
n/a |
|
9,746 |
|
9,492 7) |
|
10,150 |
|
Total waste amount (tonnes) |
|
n/a |
|
349 |
|
172 |
|
581 |
|
669 |
|
No. of employees (excl. apprentices/interns/trainees) |
|
107 |
|
90 |
|
69 |
|
70 |
|
70 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Natal Airport, Brazil 5) |
|
2019 |
|
2020 |
|
2021 |
|
2022 |
|
2023 |
|
CO 2 e emissions Scope 1+2 (tonnes) 2) |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
Total energy consumption (MWh) |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
Total waste amount (tonnes) |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
No. of employees (excl. apprentices/interns/trainees) |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Antofagasta Airport, Chile |
|
2019 |
|
2020 |
|
2021 |
|
2022 |
|
2023 |
|
CO 2 e emissions Scope 1+2 (tonnes) 2) |
|
n/a |
|
480 |
|
462 |
|
458 |
|
584 |
|
Total energy consumption (MWh) |
|
n/a |
|
1,210 |
|
1,147 |
|
1,141 |
|
1,196 |
|
Total waste amount (tonnes) |
|
n/a |
|
328 |
|
180 |
|
151 |
|
230 |
|
No. of employees (excl. apprentices/interns/trainees) |
|
45 |
|
35 |
|
43 |
|
50 |
|
47 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Iquique Airport, Chile |
|
2019 |
|
2020 |
|
2021 |
|
2022 |
|
2023 |
|
CO 2 e emissions Scope 1+2 (tonnes) 2) |
|
n/a |
|
425 |
|
449 |
|
598 |
|
604 |
|
Total energy consumption (MWh) |
|
n/a |
|
1,195 |
|
1,256 |
|
1,554 |
|
1,710 |
|
Total waste amount (tonnes) |
|
n/a |
|
55 |
|
79 |
|
92 |
|
353 |
|
No. of employees (excl. apprentices/interns/trainees) |
|
61 |
|
49 |
|
53 |
|
196 |
|
113 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Noida Airport, India 6) |
|
2019 |
|
2020 |
|
2021 |
|
2022 |
|
2023 |
|
CO 2 e emissions Scope 1+2 (tonnes) 2) |
|
n/a |
|
n/a |
|
n/a |
|
73 |
|
258 |
|
Total energy consumption (MWh) |
|
n/a |
|
n/a |
|
n/a |
|
168 |
|
459 |
|
Total waste amount (tonnes) |
|
n/a |
|
n/a |
|
n/a |
|
2 |
|
12 |
|
No. of employees (excl. apprentices/interns/trainees) |
|
n/a |
|
14 |
|
51 |
|
71 |
|
100 |
1) Table excl. regional offices in Rio de Janeiro (Brazil) and Santiago de Chile (Chile)
2) In accordance with GHG Protocol: Zurich Airport Ltd.’s own sources (vehicles, machinery, heating)
3) Takeover from state-run operator took place in early 2018; completion of new terminal in October 2019
4) Takeover from state-run operator took place in early 2020; Vitória and Macaé are treated as a portfolio.
5) Takeover from state-run operator took place in February 2024.
6) Concession agreement for greenfield airport signed in October 2020.
7) Retroactive correction
8) Retroactive adjustment to the calculation method
n/a = data not available or airport not yet taken over from state-run operator
