Total revenues from operating activities up 6.7%
With revenue of 2.99bn Euro for 2018, Swissport’s business volume was up 6.7% year-over year. The airport ground services business contributed 2.43bn Euro, up 6.8%.
In air cargo handling, total revenue amounted to 0.56bn Euro, up 6.5%. Swissport’s EBITDA result improved to 273.2mn Euro, an increase of 24.1% over 2017. Operating cash flow climbed to 182.5mn Euro, up 40.3% compared to the previous year.
2018 was an excellent year for Swissport, both from a strategic perspective and from a results point of view. We actively realized organic revenue growth above the market and a favorable market environment gave us additional lift,” remarked Eric Born, Group President & CEO of Swissport International AG.
In airport ground services, Swissport performed 2.2mn aircraft turns in 2018, up 5.7% over 2017. The company served 282mn passengers on behalf of its airline clients – 12.5% more than in 2017. Air cargo tons handled increased to 4.8mn, up from 4.7mn tons a year earlier. At year-end 2018, Swissport was active at 303 airports in 50 countries on six continents.
