Zurich Airport Ltd.

FHZN

Equity

ISIN CH0319416936 / Valor 31941693

SIX Swiss Exchange (2025-10-21)

CHF 231.00-2.70%

Zurich Airport Ltd.
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About company

Zurich Airport Ltd. is a semi-publicly listed company that operates Zurich Airport, one of Switzerland's key transportation and meeting hubs, as well as managing eight additional airports internationally. The company employs approximately 1,700 people at its Zurich location, contributing to a larger community of around 30,000 individuals working in and around the airport. Zurich Airport Ltd. focuses on three main business areas: transport hubs, commercial centers, and real estate. These activities encompass the management and development of airport infrastructure, the operation of retail and dining facilities, and the strategic development of real estate assets, including the Circle, a major business and lifestyle complex adjacent to the airport. The company plays a significant role in the regional economy by providing substantial employment opportunities and facilitating international connectivity.

Summarized from source with an LLMView SourceSector: Consumer Services

Record Consolidated Result

The consolidated result for Zurich Airport Ltd. rose by 7% to CHF 326.7 million in 2024, surpassing the previous year's CHF 304.2 million and exceeding 2019 levels for the first time.

Increased Aviation Revenue

Aviation revenue grew by 10% to CHF 672.8 million, outperforming passenger growth due to higher flight operations charges and a 31% increase in aviation fees related to system refurbishments.

Growth in Non-Aviation Revenue

Non-aviation revenue increased by 4% to CHF 653.5 million, with significant contributions from advertising, real estate, and international airport concessions, reaching 119% of 2019 revenues.

Rising Operating Expenses

Total operating costs rose by 6% to CHF 593.3 million, with personnel expenses up by 11% driven by higher headcount and inflation adjustments. However, energy costs decreased by 9% due to lower tariffs.

Strong EBITDA Performance

EBITDA reached a new record of CHF 733.0 million, up 8% from the previous year, maintaining a high margin of 55.3% and showing a 14% increase compared to 2019.

Significant Investments

Zurich Airport Ltd. invested CHF 570.9 million in 2024, focusing on the refurbishment of the baggage sorting system, development of passenger areas, and expansion projects at the Zurich site.

Enhanced Dividend for Shareholders

The company announced an increase in dividends from CHF 5.30 to CHF 5.70 per share, reflecting the strong financial performance and commitment to shareholder returns.

Summarized from source with an LLMView Source

Key figures

12.8%1Y

56.7%3Y

83.5%5Y

Performance

17.3%1Y

18.1%3Y

22.5%5Y

Volatility