The Spanish co-owner of Aberdeen International Airport (AIA) hailed 2014 results showing a big jump in both profits and revenue as a “solid” performance.
Madrid-based Ferrovial owns 50% of AIA through a partnership with Australia’s Macquarie Infrastructure and Real Assets (MIRA).
Announcing annual results yesterday, Ferrovial said earnings before interest, taxation, depreciation and amortisation (ebitda) grew by 5% last year, to £719million, while revenue increased by 8% to £6.5billion.
Ferrovial and MIRA paid Heathrow Airport Holdings (HAH) nearly £1.05billion for the airports in Aberdeen, Glasgow and Southampton.
The deal completed in December, with Ferrovial getting back about £250million due to its 25% stake in HAH.
Ferrovial and MIRA have set up AGS Airports to own and run all three sites, with Glasgow Airport managing director Amanda McMillan installed as chief executive.
Yesterday’s results from Ferrovial reported HAH growth in ebitda and revenue of 12.5% and 8.% respectively, with more than 86million passengers using Aberdeen, Glasgow, Southampton and London Heathrow airports in 2014.
Leaving out Heathrow, the other three airports achieved growth of 5.9% in passenger numbers, 4.5% in revenue and 5.2% in ebitda.