TOP 10 OPERATORS 10: AER RIANTA INTERNATIONAL


10 A


‘More agile and nimble’ ARI casts the net on four-year strategic plan


Despite a profit slide in 2018 due in part to higher concession fees and related expansion activities, Aer Rianta International managed key inroads in Indonesia, Saudi Arabia and Oman. As Luke Barras-Hill hears, multi-million euro developments are also continuing this year in Ireland and Cyprus.


€13m/$15m fall in after-tax profits and minority interests to €11m/$12.9m in 2018 made


for headline reading in Aer Rianta International’s (ARI) full-year results. The Dublin-headquartered


international travel retail subsidiary of state-owned Dublin Airport Authority (daa) put the profit decline down to higher concession fee payments due to retained contracts at Beirut and Muscat, coupled with a comprehensive restructure of its retail programme at Cyprus’ Larnaca and Paphos Airports (see boxout) and investing in the Group’s


central functions. Profit after tax including non-


controlling interest was €13m (the figures exclude the performance of ARI’s operations at Dublin and Cork Airports). Meanwhile, reported managed


turnover totalled €1.1bn/$1.3bn (calculated according to average US exchange rates for 2018). Based on ARI’s 2017 managed


turnover of €1.0bn/$1.20bn and using the above exchange rate mechanism, TRBusiness puts 2018 year-on-year growth in the region of +8.3%. “Overall the top-line performance


has been very strong,” comments Anthony Kenny, Chief Commercial Officer and Deputy CEO, ARI. “It wasn’t all fuelled by passengers either, with average passenger spending quite good too. “The business is growing and


continues to grow. Year to date, we’re still experiencing strong top- line growth.”


Dublin T2 upgrades From humble beginnings when it opened the world’s first duty free shop at Shannon Airport in 1947, ARI has grown into a formidable force, owning and operating duty free and duty paid concessions in Europe, the Middle East, Asia Pacific and the Americas. On its home turf, total sales at


Dublin and Cork Airports including that from retail and F&B operations


On its home turf, total sales at Dublin and Cork Airports, including that from retail and F&B operations by concessionaires, hit €331m.


TRBusiness Ahlan Avenue at Riyadh’s King Khaled International Airport. OCTOBER 2019 TOP 10 OPERATORS 71


Above: Turnover from the joint venture at Delhi International Airport climbed by almost 15% in 2018 year-on- year.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96