18th March 2024 -IAM, News
Daniel Pfund, Senior Financial Analyst
Last week, Zurich Airport published its annual figures for the past year. Aviation revenues jumped 24% to CHF 610 million. Thanks to this gratifying growth, aviation-related sales are 92% of those for 2019, the last pre-COVID year. Non-aviation sales are also doing well, at 114% of 2019, or CHF 626 million, up 18%.
The company made progress in its cost management and reported EBITDA earnings of CHF 677 million (+22%), which were 5% higher than in 2019, and represented an EBITDA margin of 55%. Net profit stands at CHF 304 million, almost as high as in 2019.
Management proposes to pay a dividend of CHF 5.30 per share, which is higher than expected and represents a payout ratio of 40%. For 2024, the company expects to see 30 million passengers in transit, around 95% of the level achieved in 2019.
