Copenhagen Airport 2Q2009 revenue down 7.1%

Denmark's Copenhagen Airport revenue down 7.1% - financial highlights:

• Three months ended 30-Jun-2009:
  • Revenue: USD147.7 million, -7.1% year-on-year;
    • Aeronautical: USD80.0 million, -7.0%;
    • Commercial: USD66.1 million, -2.8%;
  • EBITDA: USD88.3 million, -2.3%;
  • EBIT: USD67.2 million, -6.2%;
  • Net profit: USD40.3 million, -17.3%;
  • Passenger numbers: n/a, -10.3%;
• Six months ended 30-Jun-2009:
  • Revenue: USD273.5 million, -6.9%;
    • Aeronautical: USD144.4 million, -10.0%;
      • Take-off: USD44.0 million, -12.7%;
      • Passenger: USD31460.3 million, -9.2%;
      • Security: USD25.6 million, -11.6%;
      • Handling: USD8.8 million, -9.8%;
      • Aircraft parking, CUTE & other: USD5.7 million, +16.5%;
    • Commercial: USD125.8 million, -1.1%;
    • Concession: USD70.2 million, -4.2%;
    • Rent: USD24.0 million, +3.2%;
  • EBITDA: USD139.5 million, -13.9%;
  • EBIT: USD98.1 million, -21.1%;
  • Net profit: USD56.6 million, -30.3%;
  • Passenger numbers: 9.4 million, -13.0%;
• *Based on the conversion rate at USD1 = DKK5.21 [more]

Copenhagen Airport: "The 2008 Annual Report forecast a fall in the total number of passengers in 2009 and a profit before tax lower than in 2008, when excluding one-off items. The number of passengers at Copenhagen Airport dropped by 13.0% in H1 2009. The decline in passengers was reduced to 8.7% in June though, indicating that many people have chosen to travel on summer vacation despite the economic downturn. The fall in passenger numbers had a substantial impact on revenue and profit before tax in CPH. The financial outlook for 2009 is retained," Company statement. Source: Copenhagen Airport, 13-Aug-2009.