Flughafen Zuerich shares rise after better-than-expected H1 results

Vontobel Holding AG

26/08/2025 09:58

** Shares in Swiss airport Flughafen Zuerich FHZN.S rise 2.5% after the company beat expectations in its results for the first half of its financial year

** Vontobel says an EBITDA margin improvement to 56% on lower energy and operational expenditures beat consensus expectations

** Analysts at Zürcher Kantonalbank highlight the stronger-than-anticipated rise in profit, as Vontobel says momentum remains positive, driven by strong travel demand

** Vontobel says that the negative impact of the Noida airport opening should be visible as of H2 2025

** However, Vontobel says "we believe investor concerns regarding the Noida airport opening delay should be limited" in light of improved profitability and raised guidance for EBITDA and net profit

** Up to the previous session's close, shares were up 10.1%​ YTD

 (Reporting by Bernadette Hogg)

 ((bernadette.hogg@thomsonreuters.com))