Swissport reports improved financial and operating results for 2018

posted on 10th May 2019 by Justin Burns

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.