Schiphol continues to invest

FEB 19, 2015: Schiphol Group is presented its annual results for 2014. Revenue increased by 8.1 percent, from 1,364 million Euros in 2013 to 1,474 million Euros in 2014. Excluding the rise in revenue by 52 million Euros resulting from increasing its interest in property fund AREB C.V. to 100 percent the rise amounted to 4.2 percent. The net result amounted to 272 million Euros in 2014 against 227 million Euros in 2013. In 2014 Schiphol invested 396 million Euros in fixed assets.

The airport charges will decrease by approximately 7 percent with effect from 1 April 2015. In addition, an amount of approximately 35 million Euros must be settled in the airport charges with effect from 1 April 2016, in accordance with the Aviation Act, mainly due to the better than expected development in passenger volumes and lower depreciation charges in 2014.

Schiphol Group President and CEO Jos A. Nijhuis: ‘These are healthy results which enable us to continue to invest in the Mainport. Increasing competition forces us to remain alert and to make further investments in the quality and capacity of Schiphol. Examples include the completion of the central security project in the non-Schengen area in 2015 and the A Area development of a new terminal and pier. We will also reduce the airport charges and keep them at a very competitive level. In addition to reducing costs, we are working hard to further improve efficiency and quality levels, for which we maintain a constructive dialogue with our business partners. In this way we all contribute to strengthening the Mainport and its hub function.’