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NEWS Last modified on September 1, 2014

Schiphol Group reports revenue and traffic rise

The Schiphol Group has reported total revenue increased by 9.7% to €712 million in the first half of 2014, compared to the €650 million in 2013.

This included the rise in revenue resulting from the acquisition of a remaining interest in property fund AREB C.V and the group says, with this acquisition is excluded, revenue increased by 3.4% to €672 million.

Passenger numbers at Amsterdam Airport Schiphol also rose by 4% to 25.7 million in the first half of 2014, while aircraft movements rose 2.6% to 209,800, and cargo volumes surged 9.1% to 802,000 tonnes.

Developments in the first half of 2014, included construction work for central security in the non-Schengen area, while the new Hilton Hotel is in full swing, and a significant part of the security filter in Departures 1 has now been renewed.

Schiphol acquired the remaining 38.85% interest in the property fund AREB C.V. on 17 March 2014, leading to full control of a portfolio of 17 strategic properties on Amsterdam Airport Schiphol.

The occupancy rate of Schiphol Group's total property portfolio is in line with 2013 and was 87.1% as at June 30, 2014, compared to 87.3% in 2013.

Average retail spending per departing passenger in the shops after passport control at Amsterdam Airport Schiphol fell from €16.23 to €14.79, and the group explains, this is exerting downward pressure on concession income and retail sales, but parking revenues increased.

schiphol

The share in results of associates decreased from €40 million in the first half of 2013 to €18 million in the first half of 2014, which the group says was mainly as a result of the negative value development of the Brisbane Airport interest rate derivatives.

Changes in value of this nature lead to volatility in the share in results of associates, while the underlying results are much more stable, it says, and a
phased development of Lelystad Airport is also necessary to accommodate selective growth at Schiphol.

For this purpose, Schiphol Group has drawn up the Lelystad Airport Business Plan and applied for an Airport Decree.

Jos Nijhuis, Schiphol Group President & CEO, explains: “We are once again experiencing positive growth in terms of both passengers and cargo. This trend seems set to continue, thanks to the daily efforts of all our business partners at the airport.

“To further consolidate the international competitiveness of the Mainport, Amsterdam Airport Schiphol is investing around €1.5 million each day in the quality of its services and facilities.

“The first projects under the Master Plan have become operational. The new state-of-the-art security filter in Departure Hall 1 has recently been opened.

“Work on implementing central security is on schedule. Schiphol's healthy growth, cost containment and low interest rates have allowed us to propose a reduction in airport charges as of April 1, 2015. We expect this reduction to exceed -5%."

Amsterdma Airport Schiphol has also announced as of today, it offers free unlimited Wi-Fi access in the gateway's terminal 24 hours a day, 365 days a week, which anyone with a mobile device can use.

The airport had already been offering free Wi-Fi access for anyone for a maximum of one-hour a day since December 2010.

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