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Shanghai, OMA and Aeroports de Paris report 2010 results

28th February, 2011

Shares in airport stocks had a mixed day on Friday, as oil prices eased later in the week and most major exchanges finished stronger. Shanghai Airport reported a profit of USD199 million for 2010, while Aéroports de Paris recorded a EUR300 million profit. Mexican Airport operator OMA also recorded a strong 2010 result, with net profit up 17.5% to USD45.5 million.

Shanghai Pudong Airport financial highlights for the 12 months ended 31-Dec-2010:

  • Operating revenue*: USD636.7 million, +25.4% year-on-year;
    • Aeronautical: USD349.0 million, ++20.7%;
    • Ground service: USD40.4 million, +39.2%;
    • Rental: USD52.2 million, +8.0%;
    • Commercial catering: USD152.4 million, +50.2%;
  • Operating profit: USD253.6 million, +90.9%;
  • Net profit: USD199.0 million, +84.9%;
  • Passenger numbers: 40.6 million, +27.1%;
  • Cargo volume: 3.2 million tonnes, +26.9%;
  • Aircraft movements: 332,127, +15.4%.

* Based on the conversion rate USD1 = CNY6.57555

Aéroports de Paris financial highlights in 2010:

  • Revenue: EUR2739 million, +4.0% year-on-year;
    • Aviation: EUR1450 million, +1.4%;
      • Aeronautical: EUR795 million, +1.6%;
      • Ancillary: EUR172 million, +2.9%;
      • Airport security tax: EUR436 million, +0.6%;
    • Retail and services: EUR944 million, +8.5%;
    • Ground handling: EUR197 million, +5.2%;
  • EBITDA (loss): EUR927 million, +5.0%;
    • Aviation: EUR337 million, -2.0%;
    • Retail and services: EUR440 million, +9.3%;
    • Ground handling: (EUR3.1 million), compared with a loss of EUR2.5 million in p-c-p;
  • Net profit: EUR300 million, +11.3%;
  • Passenger numbers: 83.4 million, +0.4%;
    • LCCs: +5.7%;
  • Cargo volume: 2.5 million tons, +15.9%;
  • Aircraft movements: 707,578, -4.2%;
  • 2011 forecast:
    • Passenger traffic: +4% to +5%.

OMA reported the following financial highlights:

  • 12 months ended 31-Dec-2010:
    • Total revenue*: USD217.6 million, +39.8%;
      • Aeronautical: USD135.7 million, +8.2%;
      • Non-aeronautical: USD40.4 million, +33.2%;
      • Construction revenue: USD41.6 million, +100%;
    • Adjusted EBTDA: USD77.2 million, -3.1%;
    • Net profit: USD45.4 million, +17.5%;
    • Capital expenditure: USD60.1 million, +15.7%;
    • Passenger numbers: 11.5 million, +0.6%;
    • Aircraft movements: 344,827, +5.5%;

* Based on the conversion rate USD1 = MXN12.1822

Selected ABD daily share price movements (% change): 25-Feb-2011