Annual Report 2016

Key figures

EUR million unless stated otherwise

2016

2015

%

Results

Revenue

1,435

1,423

0.8

Other income and results from investment property

71

67

7.1

Other income

-

50

>100

Operating expenses (excluding depreciation, amortisation and impairment)

848

804

5.4

EBITDA1

658

735

-10.4

Depreciation and amortisation

237

223

6.2

Impairment

2

8

-78.8

Operating result

420

505

-16.8

Financial income and expenses

-91

-89

2.3

Share in results of associates

67

60

11.6

Result before tax

397

477

-16.7

Corporate income tax

-86

-99

-12.7

Result after tax

311

378

-17.7

Net result

306

374

-18.1

Total equity

3,860

3,716

3.9

Investments in intangible assets and property, plant & equipment

303

439

-30.8

Cash flow from operating activities

438

508

-13.7

Proposed dividend

148

187

-20.7

Ratios

RONA after tax 2

7.1%

8.3%

Return on equity (ROE)3

8.2%

10.4%

Leverage4

34.9%

37.0%

FFO / total debt5

22.8%

22.0%

FFO interest coverage ratio6

6.8

6.7

Earnings per share7

1,645

2,010

Dividend per share

797

1,006

Business volume (in numbers)

Air transport movements8

527,285

498,580

5.8

Passenger movements (x 1,000)8

70,001

64,309

8.9

Cargo (x 1,000 tonnes)8

1,662

1,621

2.5

Workforce in average full-time equivalents

2,063

2,000

3.2

  • Operating result plus depreciation, amortisation and impairment
  • Operating result after tax plus share in results of associates and interest income / (average non-current assets minus deferred tax assets)
  • Net result attributable to shareholders / average total equity
  • Leverage: interest-bearing debt / (total equity + interest-bearing debt)
  • Funds from operations (cash flow from operating activities before changes in working capital) / interest-bearing debt
  • Funds from operations plus gross interest expense / gross interest expense
  • Based on net result attributable to shareholders
  • Schiphol Group: Amsterdam Airport Schiphol, Rotterdam The Hague Airport and Eindhoven Airport
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