Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Flughafen Zürich AG    FHZN   CH0319416936

FLUGHAFEN ZÜRICH AG

(FHZN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Flughafen Zürich : Zürich AG wins Concession for Airport in India

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/29/2019 | 05:53am EST

Flughafen Zürich AG was elected as Selected Bidder for the concession to design, develop and operate the new Noida International Airport at Jewar in India.

Under a 40-year concession, Flughafen Zürich AG will build and manage the new greenfield airport in Jewar. The new airport will be located around 80 kilometers south of Delhi and will be fundamental to accommodate the expected flight traffic growth rates in the National Capital Region.

The capital investments associated with the first phase is expected to amount to roughly CHF 650 million during the construction period of approximately four years. The first phase will be able to accommodate around 12 million passengers per year. Besides the necessary capital investments in the infrastructure, Flughafen Zürich AG shall pay a fixed passenger fee to the state-owned authority starting on the sixth anniversary of commissioning of the new airport. Flughafen Zürich AG currently holds 100% of the project.

Focus market India
After the successful sale of its remaining shares in the airport in Bengaluru (Kempegowda International Airport) in 2017, Flughafen Zürich AG is excited to be again present in India, a focus market for the company. With the award of the concession for the new Noida International Airport, Flughafen Zürich AG will participate in the expected growth of the Indian aviation market and will implement its best practices developed in Switzerland while maintaining the local Indian values. Flughafen Zürich AG is committed to offer the highest service quality to the passengers, airlines and other involved stakeholders in the new Noida International Airport.

International activities
Flughafen Zürich AG is currently involved in eight airports in Latin America. In addition to four airports in Brazil and two in Chile, the Zurich airport operator is engaged in the management and operations of the airports in Bogotá and Curaçao. Besides India, countries such as Indonesia and the Philippines are among the future focus markets.

Disclaimer

Flughafen Zürich AG published this content on 29 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2019 10:52:02 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FLUGHAFEN ZÜRICH AG
10:39aSWISS PREMIÈRE : aircraft refuelled with sustainable aviation fuel at Zurich Air..
PU
01/15FLUGHAFEN ZÜRICH : Zurich airport operator open to investors for projects overse..
RE
2019FLUGHAFEN ZÜRICH : Key traffic figures Zurich Airport November 2019
PU
2019FLUGHAFEN ZÜRICH : Zürich AG wins Concession for Airport in India
PU
2019FLUGHAFEN ZÜRICH : New winter timetable from 27 October 2019
PU
2019FLUGHAFEN ZÜRICH : Renewal of the baggage sorting system at Zurich Airport
PU
2019FLUGHAFEN ZÜRICH : Key traffic figures Zurich Airport September 2019
PU
2019FLUGHAFEN ZUERICH : Key traffic figures Zurich Airport August 2019
PU
2019FLUGHAFEN ZUERICH : THE CIRCLE to open in 365 days
PU
2019GLOBAL MARKETS LIVE : TechnipFMC, LVMH, J&J, Glencore…
More news
Financials (CHF)
Sales 2019 1 202 M
EBIT 2019 399 M
Net income 2019 301 M
Debt 2019 863 M
Yield 2019 4,11%
P/E ratio 2019 17,9x
P/E ratio 2020 18,2x
EV / Sales2019 5,16x
EV / Sales2020 5,23x
Capitalization 5 339 M
Chart FLUGHAFEN ZÜRICH AG
Duration : Period :
Flughafen Zürich AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FLUGHAFEN ZÜRICH AG
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 183,77  CHF
Last Close Price 173,90  CHF
Spread / Highest target 27,1%
Spread / Average Target 5,68%
Spread / Lowest Target -13,2%
EPS Revisions
Managers
NameTitle
Stephan Widrig Chief Executive Officer
Andreas G. Schmid Chairman
Stefan Tschudin Chief Operating Officer
Lukas Brosi Chief Financial Officer
Konrad Zöschg Head-Information & Communication Technology
Sector and Competitors