Sheremetyevo reports 44% decrease in YoY revenue

Sheremetyevo International Airport operator, JSC SIA, has reported recorded revenue of RUB 10.355m for the first six months of 2020, a decrease of 44.2% compared to the same period in 2019, the company said.

Aviation activities declined by 47.6%, and non-aviation activities declined by 39.1%. The income from concessions decreased by 18.9%. The growth in cost of sales was 19.8%, associated with an increase in maintenance and amortization costs of the new Terminal C and concession facilities.

Gross income for the period was 3,050 million rubles, which is 75.5% lower than for the same period in 2019. The decrease in revenue and negative exchange rate changes were the major factors that produced a net loss of 1,157 million rubles in the first half of the year.