Improved retail performance boosts Brussels airport’s results

Nicole Mezzasalma

Print Article E-Mail Article E-Mail Author

The revenues from retail concessions grew by 9.6% in the first nine months of 2007

Brussels airport has announced its results for the nine months to September 30 2007. The airport’s controlling shareholder Macquarie Airports (MAp) reported that the airport achieved EBITDA growth of 9.5% to €157.7m ($226.9m) compared with the previous corresponding period. Revenues from retail concessions rose by 9.6% in the period to €32m ($46m), with a strong increase of 17% to €11.8m ($16.9m) for the third quarter of 2007 over the same period in 2006.

MAp CEO Kerrie Mather said: “Brussels airport continues to deliver underlying growth in excess of 10%. The results from the retail and car parking concessions are particularly pleasing, with year-to-date revenue growth of 9.6% and 10.5% respectively. Retail performance continues to benefit from improved yields from the renegotiated food and beverage concession as well as the success of new offerings such as the ‘Grab and Fly’ outlets.”