Swissport reports improved financial and operating results for 2018

posted on 10th May 2019 by Justin Burns
Swissport reports improved financial and operating results for 2018

Swissport achieved an operating earnings before interest, tax, depreciation and amortization (EBITDA) of €273.2 million in 2018 – an increase of 24.1 per cent over the previous year’s result of €220.1 million.

Total revenue from operating activities increased to €2.99 billion, up 6.7 per cent from €2.81 billion in 2017. Business volume was up 6.7 per cent year-over year (10.4 per cent on constant currency).

The airport ground services business contributed €2.43 billion, up 6.8 per cent. In air cargo handling, total revenue amounted to €0.56 billion, up 6.5 per cent.

Air cargo tonnes handled increased to 4.8 million, up from 4.7 million tonnes a year earlier.

“2018 was an excellent year for Swissport, both from a strategic perspective and from a results point of view,” said Eric Born, group president and chief executive officer of Swissport International.

“We actively realised organic revenue growth above the market and a favorable market environment gave us additional lift. With the strategic acquisition of the Australian ground services company Aerocare in March 2018, we added a growth platform in the Asia-Pacific region, creating the basis for our regional expansion.”

At year-end 2018, Swissport was active at 303 airports in 50 countries on six continents.