Flughafen Zurich H1 revenue rises on passenger growth

Flughafen Zuerich AG

28/08/2026 06:12

Overview
Switzerland airport operator's H1 2026 revenue rose 5% yr/yr on higher passenger volumes
EBITDA for H1 2026 increased 4% yr/yr to CHF 374.2 mln
Net profit up 1% yr/yr, held back by higher depreciation and financial expenses

Outlook
Company expects Zurich site passenger numbers to exceed 33 mln in 2026, up 3% yr on yr
Zurich Airport expects aviation revenue to remain stable in 2026 despite lower airport charges
Company anticipates further growth from international concessions in second half of 2026

Result Drivers
PASSENGER VOLUME - Higher passenger volumes drove revenue growth in both aviation and non-aviation businesses
NOIDA AIRPORT IMPACT - Commissioning of Noida International Airport led to higher operating costs and financial expenses, limiting net profit growth
INTERNATIONAL BUSINESS - Strong growth in international airport business, especially in Brazil, contributed to consolidated result

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 EBITDA
 
CHF 374.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the airport operators & services peer group is "buy."
Wall Street's median 12-month price target for Flughafen Zuerich AG is CHF247.00, about 9.5% above its August 27 closing price of CHF225.60
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)