AR77 First Adb 28

RNS Number:9674N
Schiphol Nederland B.V.
14 February 2008


Schiphol Group: Net result up by 17.7% at EUR 233 million
(excluding 2006 effect of opening balance sheet for tax purposes and fair value 
gains on property portfolio)


Net result expected to decrease in 2008 partly due to introduction of flight tax



                                               Press Release

Schiphol, 14 February 2008


*    Net result, excluding fair value gains on the property portfolio and
     excluding non-recurring income in 2006 from settlement of opening balance 
     sheet for tax purposes, up by 17.7% at EUR 233 million (2006: EUR 198 
     million)

*    Net result attributable to shareholders, (including fair value gains on the 
     property portfolio and non-recurring income in 2006 from settlement of
     opening balance sheet for tax purposes), down by 40.1% at EUR 316 million 
     (2006: EUR 527 million)

*    Revenue 10.6% higher at EUR 1,146 million (2006: EUR 1,037 million)

*    Operating result up 32.6% at EUR 420 million (2006: EUR 316 million)

*    EBITDA up by 24.3% at EUR 594 million (2006: EUR 478 million)

*    Earnings per share down by 40.1% at EUR 1,844 (2006: EUR 3,077)

*    Proposed dividend of EUR 543 per share (2006: EUR 462)



Main business results

*    4.4% increase in passenger numbers at Amsterdam Airport Schiphol, Rotterdam 
     Airport and Eindhoven Airport to 50.4 million, with 47.8 million passengers 
     passing through Amsterdam Airport Schiphol (+3.8%)

*    Although the operating result of Aviation business area increased by 29.8%, 
     the return of 3.9% (2006: 3.0%) remains below the permitted level

*    Operating result of Consumers business area up by 5.5%, outpaces the growth 
     in passenger numbers

*    Strong increase in operating result of Real Estate business area (+69.5%), 
     due to substantial fair value gains on the property portfolio as a result 
     of better rental contracts and higher occupancy levels and the completion
     of new buildings

*    International activities contribute EUR 13.5 million to result before tax 
     (2006: EUR 10.0 million)

*    Investments in fixed assets increases to EUR 375 million (2006: EUR 260 
     million)

A word from CEO Gerlach Cerfontaine:

"We can be pleased with the financial results and the traffic figures for 2007.
Once again, our unique AirportCity proved its worth in 2007, with the Consumers
and Real Estate business areas together contributing 75% of the company's
operating result. When looking at the year ahead, we are less optimistic. Due to
the introduction of the flight tax on 1 July 2008, there will be little or no
increase in passenger numbers and air transport movements, causing our net
result to decrease."

>> Click on the link below to view the formatted press release together with all
the financial tables

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