AAP Alpha Airports

RNS Number:3264I
Alpha Airports Group PLC
01 September 2006



Alpha Airports Group Plc

AGM - Trading Update

At the Annual General Meeting of Alpha Airports Group Plc (the "Group") being
held today, the Chairman and Chief Executive, Peter Williams will make the
following announcement:-

"First Half Trading and Results

Group sales in the first half of the current financial year increased by 4% over
the same period in the previous financial year.

Alpha Airline Services, which provides catering logistics, inflight catering,
bonded stores and management services to airlines, increased sales by 3% over
the same period in the previous financial year with improvements in Jordan and
Australia and the full period impact of the acquisitions in Romania and Bulgaria
being offset by lower sales in the UK following the loss of the ThomsonFly
contract in 2005. Profitability has increased due to a reduced cost base in the
UK as a consequence of restructuring the business and the non recurrence of
start up costs incurred in 2005 associated with the American Airlines contract.

Alpha Airport Services, which operates retail stores and catering outlets at
airports, increased sales by 5% over the same period in the previous financial
year with improvements in Ireland, Sri Lanka and the UK and a new contract win
in Italy. Profitability has been similar to the same period in the previous
year.

The interim results for the six months to 31 July 2006 will be announced on
Thursday 28 September 2006


Current Trading

At this stage, we expect the full year performance of the Group to remain in
line with current market forecasts, although it is still too early to determine
the future impact of the security issues which affected UK airports in August.
We do anticipate some weakness in our Sri Lanka retail business due to local
security concerns.

Alpha Airline Services in the UK will continue to be affected by the loss of the
ThomsonFly contract in 2005. However this is expected to be largely offset by
improved performance from other areas of Alpha Airlines Services.

Personnel and Strategy

The recruitment process for a new Chairman and a permanent Finance Director are
well underway. In parallel, a detailed review is being conducted of the Group's
business strategy and the financial performance of the operating units."


                                                                1 September 2006

Enquiries:

Alpha Airports Group Plc                          020 8580 3200
Peter Williams, Chairman & Chief Executive
Tim Redburn, Finance Director

College Hill                                      020 7457 2020
Mark Garraway/Kate Pope

www.alpha-group.com




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