Emerging from the corona crisis: Zurich Airport achieved a huge increase in profits and offered treats to shareholders

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Emerging from the corona crisis: Zurich Airport managed to increase its revenue by 21 percent to 1.24 billion francs, as a result of the sharp increase in passenger volumes, it announced on Friday. The pre-crisis level of 2019 has also been exceeded (+2.1%), but the airport operator still has fewer passengers than before the pandemic.

Meanwhile, operating costs rose disproportionately by almost 20 percent to 560 million francs. Accordingly, operating profit (EBITDA) increased by 22 percent to 677 million. Net profit increased by 47 percent to 304.2 francs. Shareholders will receive a higher dividend of 1.80 francs, amounting to 5.30 francs per share.

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higher dividend

It exceeded analysts’ expectations in terms of both sales and profit. In particular, net profit and dividends were higher.

The airport operator remained confident for this year. The number of passengers is expected to increase to around 30 million, or 95 percent of the 2019 level. Last year there were 28.9 million.

At the same time, sales must continue to increase. At the same time, the airport operator expects higher profits for 2024 (SDA)

Source :Blick

Tim

I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.