The Swissport Profile
In 2018, Swissport International AG provided best-in-class airport ground services for some 282 million airline passengers and handled roughly 4.8 million tons of air freight in 115 cargo warehouses worldwide. The world's leading provider of airport ground services and air cargo handling, with 66,000 employees, achieved consolidated operating revenue of 2.99 billion euros in 2018. At the end of June 2019, Swissport was active at 310 airports in 49 countries on six continents.
In working towards our vision, Swissport is focused on consolidating and strengthening our market position to ensure we are constantly driving industry innovation in key areas such as service, quality and reliability.
Swissport Group S.à r.l. (together with its subsidiaries, "Swissport") successfully closed and settled its debt refinancing. The refinancing includes EUR 410 million of senior secured notes, EUR 250 million of senior notes and a EUR 850 million term loan B facility. Swissport is using the net proceeds from the refinancing to repay existing debt.
Following the announcement of plans for a refinancing of certain outstanding debt of Swissport Group S.à r.l., an indirect parent company of Swissport International AG, Eric Born, President & CEO of Swissport International AG, agreed to extend his contract subject to the company’s successful completion of the debt refinancing.
Swissport Group S.à r.l. (together with its subsidiaries, "Swissport") intends to refinance some of Swissport’s outstanding debt. The anticipated proceeds from the refinancing are expected to be used to repay/redeem existing debt. Estimated revenue for the first half of 2019 increased to EUR 1,526.0 million compared to EUR 1,437.9 million in the first half of 2018 (or EUR 1,472.4 million in constant currency).
Swissport is investing in a state-of-the-art air cargo facility at Brussels Airport. While Brussels Airport Company is constructing the building, Swissport has signed a long-term lease and is investing several million euros in equipment and fittings for the new facility. The building will consist of a 25,000 sqm warehouse, a material handling system, office space and 3,620 sqm of end-to-end facilities in the new Swissport Pharma Center.
Swissport has appointed Dr. Peter Waller as Chief Financial Officer and member of Group Executive Management. He will succeed Dr. Christian Göseke, who notified Swissport of his desire to leave the company. Peter Waller will assume his duties on 1 September 2019.