SWITZERLAND. A solid performance from retail and food & beverage was among several factors that buoyed Zürich Airport’s revenue and profits in 2017, the company reported today.
As reported, Zürich Airport turnover from retail and food & beverage climbed by +5.5% year-on-year in 2017, hitting CHF575.5 million (US$598 million). Within this, airside sales surged by +8.9%, with landside sales marginally up (+1.2%). Turnover per departing passenger in the year fell by -0.7% to CHF39.20 (US$40.71), though in airside areas this rose by an encouraging +2.4% (-4.8% landside).
Led by the strong gross sales figures above, Zürich Airport commercial and parking revenue rose by +6.1% to CHF234.2 million (US$249.1 million). Together with revenue from facilities management and services plus revenue from the international business – group non-aviation revenue increased by +5.2% to CHF412.9 million (US$439.2 million).
The figures were buoyed by a +6.3% leap in passenger traffic in the year, to 29.4 million. This was led by long-haul traffic, which grew by +9.2% to 7 million, with traffic on European routes up by +5.4% year-on-year to 22.3 million.
Total revenues grew by +2.4% to CHF1,037.1 million (US$1,103 million). The company benefited from one-off income of CHF31.4 million (US$33.4 million) following the sale of its investment in Bangalore International Airport Ltd. Adjusted for one-off effects, consolidated profits climbed by +4.5% to CHF250.3 million (US$266.4 million).
Looking ahead, Zürich Airport forecasts that passenger volumes will grow by +3.5-4% in the current financial year. Revenue is expected to rise in the non-aviation segment, driven in particular by Dufry’s New Generation Store format as well as growth in the international business.