Aéroports de Montréal (ADM) today announced very positive results for the fiscal year ended December 31, 2017, with a record 18.2 million passengers welcomed at Montréal-Trudeau and a 10.9% increase in EBITDA (earnings before interest, taxes, depreciation and amortization) compared with 2016.
Highlights – Passengers
• During the fiscal year, passenger traffic at Montréal-Trudeau increased by 9.5%. This was 1.6 million more than the previous year.
• International traffic increased by 13.5%, domestic traffic by 7.6%, and transborder traffic (United States) by 6.2% compared with the previous year.
Financial results at a glance
• EBITDA was $281.9 million in 2017, an increase of $27.7 million over 2016. Like many companies, ADM considers EBITDA to be the best indicator of its financial performance.
• The Corporation’s capital investments totalled $229.4 million in 2017 compared with $254.8 million in 2016. Investments in the airports were financed by cash flows from operating activities, including airport improvement fees (AIF).
• Consolidated revenues were $579.7 million in 2017, an increase of $52.5 million, or 10.0%, compared with the previous year. This improvement is mainly attributable to increased passenger traffic and higher revenues from commercial activities.
• Total operating expenses were $196.2 million in 2017, an increase of $19.4 million, or 11.0%, compared with 2016. The difference is mainly attributable to an increase in operational costs namely those related to the planning of future projects, the commissioning of the expansion of the international jetty, enhancements to international arrivals services, winter conditions and security measures.
