At today's Annual General Meeting of Zurich Airport Ltd., the shareholders approved all items on the agenda in accordance with the proposals of the Board of Directors. In addition to the distribution of an ordinary dividend, the profit generated in the 2024 financial year also enables the payment of an additional dividend to shareholders. Beat Schwab was additionally elected as a new member of the Nomination & Compensation Committee and will become a member of the Board of Directors as a representative of the Canton of Zurich as of 1 May.
The 2025 Annual General Meeting focused on business performance in 2024 as well as the developments of the current year. Zurich Airport Ltd. can look back on a successful financial year and posted profit for the year of CHF 327 million. The positive earnings trend is attributable to both aviation and non-aviation business.
The 25th anniversary of Zurich Airport Ltd. was the overarching theme of this year's Annual General Meeting at The Circle Convention Center. In his speech, Chairman of the Board of Directors Josef Felder spoke of the importance of that referendum so many years ago to privatize Zurich Airport while also emphasising the company's successful evolution to become a successful example of a contemporary public-private partnership. Zurich Airport was named the best airport in Europe for the 21st time, a success he also attributed to the privatisation.
All items on the agenda were approved in accordance with the proposals of the Board of Directors, including the distribution of an ordinary dividend of CHF 4.30 per share and an additional dividend of CHF 1.40 per share. A vote was also taken the on non-financial reporting for the second time in a row.
As the additional dividend planned for the 2024 financial year will use up the capital contribution reserves, the Board of Directors has adopted a new dividend policy for the coming years. The following applies from the 2025 financial year onwards: Going forward, the payout ratio is to amount to around 50% of net profit adjusted for non-recurring effects. In addition, the payout ratio will be increased by a further 25% if the ratio of net debt to EBITDA is below a factor of 2.5. If debt remains low, the total payout ratio could therefore amount to around 75% in future.
Election of the Board of DirectorsThe members of the Board of Directors standing for re-election - Claudia Pletscher, Corine Mauch, Guglielmo Brentel, Stephan Gemkow and Josef Felder (Chairman) - were elected for another year.
The mandated representatives of the Canton of Zurich on the Board of Directors are Carmen Walker Späh, Head of the Department for Economic Affairs, who is responsible for the airport dossier, as well as Beatrix Frey-Eigenmann and, as of 1 May, Beat Schwab. He succeeds Vincent Albers, who is stepping down after ten years. Zurich Airport Ltd. would like to thank Vincent Albers for his enormous commitment. The representatives of the Canton of Zurich on the airport operator's Board of Directors are not elected by the Annual General Meeting, but delegated by the Government Council of the Canton of Zurich.
Beat Schwab, who represents the Canton of Zurich on the Board of Directors, was elected as a new member of the Nomination & Compensation Committee (NCC). This committee is now composed as follows: Claudia Pletscher (Chair), Beat Schwab, Guglielmo Brentel and Josef Felder (without voting rights).
Read the 2024 integrated report
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Flughafen Zürich AG published this content on April 14, 2025, and is solely responsible for the information contained herein. Distributed via , unedited and unaltered, on April 14, 2025 at 16:19 UTC.
