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Copenhagen Airports net profit up 52% in 1Q2010

30-Apr-2010 10:45 AM
MAp Group reports (30-Apr-2010) the following financial highlights at Copenhagen Airports for the three months ended 31-Mar-2010:
  • Revenue: DKK703.5 million, +5.5% year-on-year;
    • Aeronautical: DKK371 million, +10.5%;
  • Operating costs: DKK366.1 million, -2.3%;
  • EBITDA before specific items: DKK337.4 million, +15.5%;
  • EBITDA: DKK331.4 million, +24.4%;
  • Net profit: DKK129 million, +51.8%;
  • Capital Expenditure: DKK108.9 million, +8.6%. [more]
MAp Group: "2010 has got off to an excellent start for Copenhagen Airports, first quarter traffic of 11.4% is the fastest growth rate experienced since acquistion. this together with an improvement in non-aeronautical revenues and focus on cost control, has driven a strong outperformance in EBITDA," Ms Kerrie Mather, CEO. Source: Macquarie Airport, 30-Apr-2010.