Flughafen Zuerich AG announced that they will report March, 2013 results on Apr 10, 2013

Flughafen Zuerich AG reported earnings and traffic results for the full year ended December 2012. For the full year, the company reported revenue of CHF 948.8 million compared to CHF 905.4 million a year ago. With the gradual upgrade and expansion of commercial space, passengers, staff and visitors benefit from a high quality shopping experience. For the first time, shops and restaurants at Zurich Airport reached a turnover of over half a billion Swiss francs in the year 2012. Operating costs rose significantly by 32.4% to CHF 558.1 million against CHF 421.5 million a year ago. As a consequence of significantly higher operating costs, Earnings before interest, taxes, depreciation and amortisation reached CHF 390.7 million, which marks a decrease of 19.3% compared to last year's period figure of CHF 483.9 million. Earnings before interest and tax fell by 39.2% to CHF 171.9 million against CHF 282.7 million a year ago. Net profit was CHF 94.7 million, a minus of 44.2 % against CHF 169.8 million. The main reason for the decrease is the recognition of provisions in line with IAS 19 for the affiliation contract with the Employee Pension Fund of the Canton of Zurich BVK. Capex amounted to CHF 195.6 million. Net financial debt was CHF 826.2 million against CHF 1,012.1 million a year ago. For full year, the company’s flight movements saw a decline of 3.2% to 270,027. A higher seat load factor combined with bigger airplanes on average nevertheless led to a passenger increase of 1.9 % compared to the year 2011 and to a total of 24.8 million passengers. Out of that passenger volume, local passengers made up 16.2 million and transfer passengers 8.5 million. For full year 2013, the company expects a stagnating, moderate at the most growth in passenger volume for the year 2013. Air traffic movements (ATMs) are expected to slightly decrease. The company also expects the result of the financial year 2013 to be slightly above the prior year's level. The board of directors is proposed the payment of a dividend of CHF 9.50 per share to the general meeting of shareholders on April 18, 2013, equivalent to the dividend of last year.

Flughafen Zuerich AG, 2012 Earnings Call, Mar 20, 2013