Copenhagen Airport EBITDA up 4% in 3Q2015, raises full year guidance

Copenhagen Airport up 5% - financial highlights for three months ended 30-Sep-2015:

• Revenue: DKK1125 million (EUR150.8 million), +5.2% year-on-year;
• • Aeronautical: DKK681.8 million (EUR91.4 million), +6.5%;
  • Non-aeronautical: DKK443.6 million (EUR59.4 million), +3.2%;
  • • Concession: DKK302.9 million (EUR40.6 million), +5.1%;
    • Rent: DKK41.8 million (EUR5.6 million), -3.9%;
    • Sales of services and others: DKK98.9 million (EUR13.3 million), +0.7%;
• EBITDA: DKK672.6 million (EUR90.1 million), +4.3%;
• Net profit: DKK464.4 million (EUR62.2 million), +5.0%;
• Total assets: DKK10,442 million (EUR1399 million);
• Cash: DKK48.2 million (EUR6.5 million);
• Total liabilities: DKK7680 million (EUR1029 million). [more - original PR]

*Based on the average conversion rate at EUR1 = DKK7.4619

Copenhagen Airport: "Based on the strong summer performance, CPH expects to end the year at the high end of, or possibly above, the guidance of 11 August 2015. CPH is therefore upgrading its full-year guidance for pre-tax profit relative to the guidance announced on 11 August 2015. The guidance for profit before tax in 2015 is upgraded and is now expected to be in the range of DKK1,375.0 million to DKK1,450.0 million, excluding one-off items (the previous guidance was for pre-tax profit of between DKK1,300.0 and DKK1,400.0 million). Operating profit before depreciation is projected to be higher in 2015 than in 2014, excluding one-off items." Source: Company statement, 03-Nov-2015.