Flughafen Zuerich shares dip after 2025 outlook disappoints

Flughafen Zuerich AG

07/03/2025 09:14

** Shares in Swiss airport Flughafen Zuerich FHZN.S fall around 4% after it forecast stagnant core profit and higher capital expenditure in 2025

** The group's 2025 EBITDA is expected to be stagnant at the same level as in 2024 (CHF 733 million  ($835.14 million)), whereas analysts at Vontobel had expected EBITDA growth in line with revenues

** Capex, projected at CHF 300-350 million at the Zurich site and CHF 300 million abroad is above consensus expectations of CHF 441 million, broker Jefferies says

** Analysts at Jefferies and Vontobel also point to delays at the group's Noida Airport project in India, now expected to ramp up at the end of Q2 instead of in April as previously announced

** The shares are on track for their worst day since April 2024

($1 = 0.8777 Swiss francs)

 (Reporting by Bernadette Hogg)

 ((bernadette.hogg@thomsonreuters.com))