Schiphol reports 8.1 percent increase in revenue in 2014

The Dutch airport group saw cargo volumes increase by 6.7 percent.

   The Schiphol Group increased its full year revenue by 8.1 percent to 1.47 million euros (U.S. $1.67 million) in 2014, according to the latest financial statement from the company.
   52 million euros of that increased revenue came from increasing its interest in property fund AREB C.V. to 100%, and if excluded from the total revenue growth, the overall increase was 4.2 percent.
   Net profits for Schiphol were 272 million euros for the full year in 2014, up 16.5 percent from 227 million euros in 2013. Schiphol invested 396 million euros in fixed assets in 2014.
   The company also noted that 2014 cargo volumes at its airports increased 6.7 percent to 1.6 million tons.
   “These are healthy results which enable us to continue to invest in the Mainport,” said Schiphol Group President and CEO Jos A. Nijhuis. “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,” continued Nijhuis. “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.”