HNA's Swissport profit up 24pc to US$306.4 million as sales rise 6.7pc
HNA Group-owned Swissport posted an annual 24
HNA Group-owned Swissport posted an annual 24.1 per cent year-on-year operating profit increase to EUR273.2 million, (US$306.4 million) drawn on revenues of EUR3 billion, up 6.7 per cent.
Said Swissport International group president and CEO Eric Born: '2018 was an excellent year for Swissport, both from a strategic perspective and from a results point of view.
'We actively realised organic revenue growth above the market and a favourable market environment gave us additional lift,' Mr Born said.
'With the strategic acquisition of the Australian ground services company Aerocare in March 2018, we added a growth platform in the Asia-Pacific region, creating the basis for our regional expansion.'
At year-end 2018, Swissport was active at 303 airports in 50 countries on six continents.