Average retail spend at Schiphol down -6.5% in the first half of 2016

NETHERLANDS. Average retail spend per departing passenger at Amsterdam Airport Schiphol fell -6.5% in the first half of 2016, from €14.66 to €13.70. The figures relate to retail shops located after security.

Schiphol Group attributed the decline to “crowdedness in the terminal, changes in consumer behaviour and exchange rate movements”.

Average spend on food & beverage rose +5.8%, from €5.59 to €5.91.

Total concessions revenue increased by +19%, with Schiphol Group noting growth in passenger numbers and concession income from Schiphol Airport Retail (SAR) following the sale of a 60% stake to Gebr Heinemann in 2015. As a result of the divestment, Amsterdam Airport Schiphol no longer shows revenue from retail sales. The results from the remaining 40% stake in SAR are accounted for in the results of associates.

Revenue from rents and leases increased by +3.4% to €81 million. This was attributed to a positive trend in rents for office buildings. Parking revenue increased by +6.8% to €56 million, largely because of the rise in the number of passengers departing from Schiphol.

Schiphol Group’s total revenue was up a marginal +0.4% in the first half of 2016, to €687 million. Passenger traffic at Amsterdam Airport Schiphol increased +9.9% to 29.7 million. The number of air transport movements rose by +5.9% to 228,630.

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“The strong growth in passenger numbers, to over 63 million this year, reflects the strength of Mainport Schiphol. However, this position cannot be taken for granted. The geopolitical and economic climate is uncertain and our competitors are not standing still. Moreover, the strong growth in passenger numbers means that Schiphol is reaching the limits of its capacity and that quality is under pressure,” said Schiphol Group President and CEO Jos Nijhuis.

“Unfortunately this is sometimes noticeable to passengers. In order to continue providing optimal services to passengers and airlines in the future and secure our position, we will substantially increase investments in capacity expansion, quality and accessibility, from €400 million to €600 million per year, on average, over the next years.”

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In March 2016, the shareholders of Schiphol Group approved the development and construction of a new terminal and pier at Schiphol – Area A – that the Group says will lay the foundation for capacity growth in the longer term. Area A is scheduled for completion in 2023.

Schiphol expects to handle over 63 million passengers in 2016, an increase of approximately +9%. In line with the forecast already published, the Group’s net result will be significantly lower than in 2015.

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