Copenhagen Airports EBITDA up 3% 1Q2013

Copenhagen Airports reports (07-May-2013) the following consolidated financial highlights for the 3 months ended Mar-2013:

• Revenue*: DKK787 million (EUR105.5 million), +2.4% year-on-year;
  • Traffic: DKK427.6 million (EUR57.3 million), +3.3%;
  • Concession: DKK227.3 million (EUR30.5 million), +2.3%;
• EBITDA: DKK385 million (EUR51.6 million), +2.7%;
• Net profit: DKK148 million (EUR19.8 million), +3.5%;
• Passenger numbers: 5.1 million, -0.7%. [more - original PR]

*Based on the average conversion rate at EUR1 =DKK7.4587

Copenhagen Airports: "With the anticipated traffic programme for the rest of 2013, we expect to see an increase in the total number of passengers. A positive full-year effect in 2013 is expected due to the many new routes opened in 2012. In addition, traffic in 2013 is expected to be favourably affected by the full-year effect of the routes restored after the bankruptcy of Cimber Sterling in 2012. Traffic in 2013 could, however, be adversely affected by continuing financial uncertainty in the Eurozone and by any closure of routes due to airline cutbacks." Source: Company statement, 07-May-2013.