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Copenhagen Airport EBITDA up 13% in 3Q2011

1-Nov-2011 1:20 PM

Denmark’s Copenhagen Airport revenue up 8% – financial highlights for three months ended 30-Sep-2011:

  • Revenue: EUR124.3 million, +8.1% year-on-year;
    • Traffic: EUR69.9 million, +6.6%;
    • Concession: EUR35.0 million, +13.0%;
    • Rent: EUR6.1 million, +2.7%;
    • Sale of services and others: EUR13.3 million, +5.7%;
  • EBITDA: EUR71.8 million, +13.1%;
  • Net profit: EUR35.9 million, +17.6%;
  • Total assets: EUR1170 million. -6.2% when compared to period ended 31-Dec-2010;
  • Cash: EUR34.8 million, -71.3% when compared to period ended 31-Dec-2010;
  • Total liabilities: EUR789.2 million, +1.2% when compared to period ended 31-Dec-2010. [more – original PR]

*Based on the conversion rate at EUR1 = DKK7.44184

Copenhagen Airport: “Based on the expected traffic programme for 2011, the total number of passengers is expected to continue to increase. Operating costs are expected to be higher, primarily due to the forecast growth in passenger numbers, cost inflation and depreciation as a result of the continued higher level of investments with focus on continued growth. Overall, profit before tax is expected to be on a level with 2010 when excluding one-off items. Under the charges agreement, CPH is committed to investing an average of DKK500 million annually supplemented by commercial investments for the benefit of airlines and passengers.” Company statement. Source: Copenhagen Airport, 31-Oct-2011.