NEWS ROUND-UP ‘Ups and downs’ reported by Lagardère Travel Retail
(€168m/$183m), primarily relating to the sales of Lagardère Travel Retail’s Distribution activities in Belgium, Hungary, Spain and Canada, plus the sale of LeGuide. com by Lagardère Active; and the positive impact of acquisitions (€21m/$22.8m), carried out mainly by Lagardère Publishing in the US. In terms of revenue, Lagardère Travel
Zürich Airport awarded new concession in Northern Chile
A-Port Chile S.A – the 100% owned subsidiary of Flughafen Zürich AG (Zürich Airport) – has been awarded a new concession to operate and expand Diego Aracena International Airport in Northern Chile. The concession award, which follows
Zürich Airport’s 30-year concession win at Florianópolis-Hercílio Luz International Airport, allows the Swiss operator to continue operating and expanding Diego Aracena upon the expiration of its current concession in March 2018. Located 40km south of harbour city
lquique and handling 1.2m annual pax, Diego Aracena is the fifth busiest airport in Chile and serves as the main point of entry to the Atacama Desert. Zürich Airport already boasts a strong
track record in Chile, where it owns – through A-Port Chile S.A – the concession for Cerro Moreno’s Andrés Sabella Gálvez International Airport.
The Lagardère Group has reported a 6.2% Q1 like-for-like rise in revenue to €1.532m ($1.668m) with a ‘robust’ contribution from the publishing division, continued momentum at Lagardère Travel Retail (+8.4% like-for-like) and a recovery in the sports and entertainment division. At the same time, assessing the group’s
total revenue on a consolidated basis compared with like-for-like figures showed a positive €6m ($6.5m) foreign exchange effect on the one hand and a negative €147m ($160m) scope impact on the other. The Lagardère Group reported that this included the negative impact of disposals
Retail generated €763m ($830m) which corresponded to a -10.5% decline on a consolidated basis compared to the same period last year. However, pure travel retail activities
generated €752m ($818m) and distribution €11m ($12m). Turning solely to Lagardère Travel Retail,
the company said that the division benefited from a positive foreign exchange rate impact of €13m ($14.1m) ‘primarily linked to the appreciation of the US, Australian, New Zealand and Canadian dollars’, plus a negative €159m ($173m) scope impact due mainly to the disposal of Distribution operations in Belgium, Hungary, Spain and Canada.
Fraport points to mixed retail results and robust Q1 traffic
The Fraport Group reports that most of its airports achieved passenger growth in the first three months of 2017, with overall retail revenue per passenger rising to €3.76 in Q1 compared with the average €3.49 recorded spend across the whole of 2016. Fraport said that group revenue rose
3.5% to €592.6m ($662.3m) in Q1, while operating results or EBITDA fell -5.7% to €137.3m due to higher personnel expenses and cost of materials, as well as one-off effects. Revenue for the Retail & Real Estate
segment rose by +3.9% to €117.1m in the quarter compared with €112.7m in Q1 2016. Most notable was the welcome return of good spending Russian passengers at key airports during the period. These included, in particular, the creation of provisions for a personnel-restructuring
programme at FRA, and expenses for staff hired for the new Fraport Greece subsidiary. Passenger traffic results at airports
owned wholly or partially by Fraport were mostly good in Q1, with Frankfurt handling 13.1m passengers (+1.5%), followed by Delhi with 15.2m (+15.8%); Xi’an 9.8m (+14.4%); Lima 4.8m (+7.4%); St Petersburg 2.8m (+25.3%); Antalya 2.1m (-10.1%); Hanover 979,658 (-2.8%); Ljubljana 288,355 (+17.5%); Varna 93,612 (+13.4%); and Burgas 32,421 (-6.1%).
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