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Copenhagen Airport reports net profit down 18.7% in 2009

25-Feb-2010 10:58 AM
Denmark's Copenhagen Airport reports (25-Feb-2010) the following financial/traffic highlights:
  • Three months ended 31-Dec-2009:
    • Revenue: EUR94.9 million, -4.6% year-on-year;
      • Aeronautical: EUR50.3 million, -1.0%;
    • Operating costs: EUR46.8 million, -12.9%;
    • EBITDA: EUR47.2 million, +22.9%;
    • Net profit: EUR15.4 million, +67.5%;
  • 12 months ended 31-Dec-2009:
    • Revenue: EUR392.9 million, -6.1% year-on-year;
      • Aeronautical: EUR210.5 million, -6.5%;
    • Operating costs: EUR183.1 million, -4.1%;
    • EBITDA: EUR204.0 million, -6.3%;
    • Net profit: EUR82.5 million, -18.7%
    • Passenger numbers: 19.7 million, -8.4%;
    • Cargo volume: -10.1%.
    *Based on the conversion rate at EUR1 = DKK7.44
Copenhagen Airport: "Based on the expected traffic programme for 2010, the total number of passengers is expected to increase. Sterling's capacity has been fully replaced...the increase in passenger numbers is expected to have a positive impact on revenue. Operating costs are also expected to be a higher level than 2009, primarily due to the forecasted passenger growth and cost inflation...Overall profit after tax is expected to be slightly lower than in 2009." Company Statement. Source: Copenhagen Airport, 25-Feb-2010.