Aéroports de Lyon
" How do we achieve the objectives we have set for 2020? How do we ensure our vision becomes reality? To do this, the strength of our financial strategy is key. Our investment capability depends on continual improvement in our performance - and that is our priority. The steady improvement in our results over recent years is now generating the resources to realise this vision over the long term."
→ A pro-active strategy to improve our performance
In just four years, from 2004 to 2008, Aéroports de Lyon has very significantly improved its results across all tracked criteria. This is the fruit of a solid financial strategy, based on improving three performance indicators: EBITDA, cash flow and debt.
→ Enhancing our attractiveness through quality results
From 2004 to 2008, turnover rose by 35% from €96.2m to €130.1m.
From 2004 to 2008, EBITDA (earnings before interest, taxes, depreciation and amortisation) more than doubled from
€19.9m to €40.2m.
Very good 2008 score : in 4 years, the EBITDA-to-turnover ratio has risen from 20.6% to 30.9%.
→ Continuing to cut debt
In 2004, debt was €148m, i.e. roughly 150% of turnover.
In 2008, it was cut to €126m, about 97 % of our turnover.
In 4 years, the debt-to-cashflow ratio has fallen from 9.6 to 3.5. We aim to keep this ratio below 5.
→ Generating enough cash to fund our investment
From 2004-2008, cashflow more than doubled, rising from €15.4m (16% of turnover) to €35.6m (27.4% of turnover).
→ Generating the resources for an ambitious investment programme
→ Funding infrastructure to manage growing traffic
In 2020, Aéroports de Lyon must be able to handle 12-15 million passengers, making it probably the second-ranking French airport for passenger traffic.
A five-year, €200m-plus investment plan has been agreed to develop the infrastructure needed to cope with growing traffic.
Execution of the plan started in early 2008.
Download Flash Player