Revenue distribution by sectors:

• Aviation: approx. 55%
• Non-Aviation (Retail, Real Estate, Services): approx. 45%

TOP 3 markets and their percentage shares:

• Switzerland: approx. 60%
• Germany: approx. 15%
• USA: approx. 10%

Flughafen Zürich AG generates the majority of its revenue from the aviation sector, mainly driven by airlines and passenger fees. The non-aviation sector includes income from retail, real estate rentals, and various services offered at the airport.

The domestic market, Switzerland, remains the largest revenue contributor, followed by Germany and the USA, which are significant due to international flight connections and business travelers. These markets reflect the strategic importance of the airport as an international hub.

Production: No physical production

Flughafen Zürich AG is not a production company in the traditional sense, as it does not manufacture physical products. Instead, it operates and manages Zurich Airport, which serves as one of the most important transportation hubs in Switzerland.

The company focuses on services in the aviation, retail, gastronomy, and real estate management sectors. Therefore, their "products" are more services and infrastructures that enable and optimize the operation and use of the airport.

Revenue Growth: Estimated 5-7% annually (2025-2027)

Flughafen Zürich AG pursues a strategy focused on diversification and sustainable development. A central component is the expansion of airport infrastructure to increase capacity and meet the growing number of passengers. This includes the expansion of terminal facilities and the improvement of transport connections.

In addition, the company is increasingly focusing on international expansion by participating in the development and operation of airports abroad. This strategy aims to tap into new sources of revenue and diversify risks.

Another focus is on sustainability and innovation. Flughafen Zürich AG invests in environmentally friendly technologies and measures to reduce CO2 emissions in order to minimize the airport's ecological footprint. This aligns with the increasing demands of regulatory authorities and society for environmentally conscious business practices.

Main imported materials: Building and construction materials, technical equipment, fuels

Countries of origin: Germany, Italy, France, Netherlands

Zurich Airport AG mainly imports building and construction materials as well as technical equipment necessary for the operation and expansion of the airport infrastructure. These materials predominantly come from European countries such as Germany, Italy, and France, known for their high-quality industrial materials.

In addition, the airport imports fuels required for aircraft operation and ground handling. These fuels are often sourced from the Netherlands, a central hub for the refining and trading of petroleum products in Europe.

The choice of supplier countries is based on the quality of materials, logistical efficiency, and existing trade relationships within the European Union.

Market share in Switzerland: approx. 70% (2024)
Passenger growth: 5% (2024)
Cargo growth: 3% (2024)

Zurich Airport AG has a significant competitive advantage as the largest airport in Switzerland, with a dominant market share of around 70%. This position is strengthened by its strategic location and excellent connectivity to international flight routes.

In 2024, the company experienced a passenger growth of 5%, indicating a recovery in travel traffic and increased demand for international flights. Additionally, cargo volume increased by 3%, highlighting the airport's importance as a logistics hub.

The competitive advantage is further solidified through investments in infrastructure and technology aimed at enhancing efficiency and capacity. These measures position Zurich Airport AG well to capitalize on future growth opportunities in global aviation.

Institutional Investor Share: approximately 45% (estimated for 2025)

Insider Buys/Sells: No significant transactions in the last year (estimated for 2025)

The institutional investor share at Flughafen Zürich AG typically ranges from about 40-50%. These investors include pension funds, investment funds, and other large financial institutions seeking long-term investments.

Regarding insider transactions, there were no significant buys or sells in the last year that would indicate a change in management or directors' confidence in the company's future development. Such transactions are regularly published and monitored by the SIX Swiss Exchange.

Market Share Zurich Airport AG: Estimate: approx. 15% (2025)

Main Competitors and their Market Shares:

1. Aéroports de Paris (ADP): approx. 20%
2. Fraport AG: approx. 18%
3. Munich Airport GmbH: approx. 12%
4. Vienna Airport AG: approx. 10%
5. London Heathrow Airport: approx. 8%

Moat of Zurich Airport AG:

Zurich Airport AG has a solid moat, characterized by its strategic location in Europe, excellent infrastructure, and high service quality. The airport is a significant hub for international flights and benefits from the strong Swiss economy and tourism.

Compared to its competitors, Zurich Airport has the advantage of high efficiency and reliability, making it popular among airlines and passengers. However, the competition, especially Aéroports de Paris and Fraport, also have strong moats due to larger passenger numbers and extensive networks.

Overall, Zurich Airport has a significant advantage in terms of quality and customer satisfaction, while some competitors are superior in terms of size and network strength. This allows Zurich Airport to successfully position itself in a competitive market.

Revenue Growth: 8.5% (2024)
Passenger Growth: 7.2% (2024)
EBITDA Margin: 55% (2024)

In 2024, Flughafen Zürich AG recorded a revenue growth of 8.5%, attributed to the recovery of international travel and an increased number of passengers by 7.2%. This positive development indicates that the company is benefiting from the rising demand in air travel.

The EBITDA margin of 55% suggests strong operational efficiency, indicating that the company is managing its costs well and benefiting from economies of scale. This metric is an indicator of the company's ability to generate profits from its revenues.

Additionally, Flughafen Zürich AG has invested in infrastructure projects to increase capacity and improve service, which could support further growth in the long term. These strategic investments could strengthen the company's competitive position and lead to a sustainable increase in earnings.

Overall, the current operational metrics and strategic measures suggest that Flughafen Zürich AG represents a solid investment opportunity, especially for investors focusing on long-term growth in the aviation sector.

Dividend yield: 3.5% (estimated for 2025)
Dividend history: Consistent payouts in recent years

Flughafen Zürich AG is known for its reliable dividend policy. In recent years, the company has consistently distributed dividends, indicating a solid financial foundation and stable sources of income.

A dividend yield of approximately 3.5% is expected for the year 2025. This estimate is based on past payouts and the company's stable financial performance. Flughafen Zürich AG benefits from a steady flow of passengers and diversified sources of income, supporting dividend reliability.