截止到2009年6月30日的前半年财务状况, 英国机场管理局

Release Date: 2009-07-29

BAA (SP) Limited owns BAA’s three London airports of Heathrow, Gatwick and Stansted (the ‘Designated Airports’). Throughout this document, BAA (SP) Limited and its subsidiaries are referred to as the Group.

Significant increase in revenue and Adjusted EBITDA despite challenging market conditions
Adjusted EBITDA up 28.2%
- strong cost control with underlying operating costs down 3.1%
- resilient revenues driven by higher tariffs and strong retail performance
The Group remains highly cash generative: cash generated from operations up by over 40%
Cash and undrawn headroom combined with ongoing cash flow will enable repayment of all 2010 debt maturities with or without Gatwick sale
Pre-tax loss reflects over £400 million of non-cash charges:
- £255.2 million in exceptional items relating to an increased pension scheme deficit and accelerated depreciation of terminals to be replaced by the new Terminal 2 at Heathrow
- £150.2 million of fair value losses on financial instruments
Improved operational performance: better punctuality and airport service quality scores
Outlook for 2009 remains consistent with previous guidance

Type:	NORMAL
Company:	英国机场管理局
Country:	英国
Url:	http://www.baa.com/portal/page/BAA%20Airports%5EMedia%20centre%5ENews%20releases%5EResults/9516e5ac311c2210VgnVCM10000036821c0a____/a22889d8759a0010VgnVCM200000357e120a____/