ZURICH: Zürich Airport commercial revenue climbed by +1.8% year-on-year to CHF220.7 million (US$218.7 million) in 2016. As previously reported, total gross sales from concessionaires hit CHF544.6 million (US$540.7 million) in the year, a rise of +1.9% over 2015.
Within the revenue figures, retail and tax & duty-free climbed by +1.1% while food & beverage delivered a year-on-year gain of +3.7%. Average spend per passenger hit CHF39.40 (US$39.11). Revenue from car parking grew by +1.4% to CHF 75.4 million (US$74.7 million).
Zürich Airport cited the renewal of its duty free contract with Dufry and the opening of two new Hour Passion boutiques and a Fabric Frontline shop in the Airside Center in December as among the big retail developments of the past year.
In its annual report, Zürich Airport said: “The Swiss retail industry remains under pressure. In response to changes in shopping behaviour, it is essential to develop and implement appropriate strategies to boost sales. Close cooperation with partners is therefore all the more important. The early extension of the duty free agreement with Dufry AG marks an important first step in this regard. Dufry will redesign all large duty free shops in the arrival and departure areas in 2017 and launch an innovative, high quality store concept.”
Zürich Airport handled 27,666,428 passengers in the year, an increase of +5.6% year-on-year.
The adjusted figure for earnings before interest, tax, depreciation and amortization (EBITDA) amounted to CHF568.1 million (US$563 million), up +3.8% on the previous year. Excluding one-off effects, profit reached CHF239.5 million (US$237.3 million), an increase of +11.2% compared with the year before.
Flughafen Zürich AG said it expects passenger growth of around +4% in 2017, with slightly more flight movements than in 2016.
