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Copenhagen Airport revenue up 8.1% for 3Q2010

29-Oct-2010 12:24 PM

Denmark’s Copenhagen Airport revenue up 8.1% - financial highlights for the three months ended 30-Sep-2010:

  • Revenue*: EUR114.8 million, +8.1% year-on-year;
    • Aeronautical: EUR65.4 million, +10.9%;
    • Hopping centre: EUR20.3 million, +6.2%;
    • Parking: EUR8.8 million, +2.2%;
    • Concession: EUR30.9 million, +3.4%;
  • EBITDA: EUR63.3 million, +7.3%;
  • Net profit: EUR30.4 million, +10.7%;
  • Operating cash flow: EUR52.2 million, +35.1%;
  • Cash: EUR65.4 million, +45.7%;
  • Capital expenditure: EUR26.1 million, +38.4%;
  • Total assets: EUR1,200 million, +6.0%;
  • Total liabilities: EUR781.0 million, +8.6%;
  • Passenger numbers: +12.2%. [more]

*Based on the conversion rate at EUR1 = DKK7.45872

Copenhagen Airport: “Based on the anticipated traffic programme for Q42010 and the growth in the first nine months of 2010, passenger numbers are revised to increase significantly compared to 2009. Based on the strong traffic performance and despite the impact of the Icelandic ash cloud, the final outlook for 2010 is revised. Profit before tax is now expected to be more than 15% higher than in 2009, when excluding one-off items. The revised outlook is based on a continued recovery in the world economy. CPH continuously seeks to adapt the investment level to the current economic environment. In accordance with the charges agreement, CPH is committed to invest approximately DKK500 million in 2010. This will be supplemented by CPH Go and other commercial investments,” Company statement. Source: Copenhagen Airport, 28-Oct-2010.