Swissport's profits still climbing

Written by: Alwyn Brice |
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Swissport achieved an operating EBITDA of €273.2m in 2018, an increase of 24.1% over the previous year's result of €220.1m.

Total revenues from operating activities increased to €2.99bn, up by 6.7% from €2.81bn recorded in 2017.

The airport ground services business contributed €2.43bn, an improvement of 6.8%. In air cargo handling, total revenues amounted to €0.56bn, up 6.5%. Operating cash flow climbed to €182.5m, representing a rise of 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,” commented Eric Born, Group President & CEO. “We actively realised organic revenue growth above the market and a favourable market environment gave us additional lift. With the strategic acquisition of the Australian ground services company Aerocare in March 2018, we added a growth platform in the Asia-Pacific region, creating the basis for our regional expansion.”

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