Copenhagen Airports A/S reports 'strong' growth in 1H2016, raises full year guidance

Copenhagen Airports A/S revenue up 10% - financial highlights:

• Three months ended 30-Jun-2016:
• • Revenue: DKK1143 million (USD173.5 million), +9.6% year-on-year;
  • • Aeronautical: DKK683.6 million (USD103.8 million), +10.8%;
    • Non-aeronautical: DKK459.3 million (USD69.7 million), +7.6%;
  • EBITDA: DKK661 million (USD100.4 million), +12.4%;
  • Net profit: DKK337 million (USD51.2 million), +16.2%;
• Six months ended 30-Jun-2016:
• • Revenue: DKK2109 million (USD316.0 million), +10.1%;
  • • Aeronautical: DKK1230 million (USD184.3 million), +11.7%;
    • Non-aeronautical: DKK878.4 million (USD131.6 million), +7.9%;
    • • Concession: DKK574.8 million (USD86.1 million), +7.3%;
      • • Shopping centre: DKK367.6 million (USD55.1 million), +3.9%;
        • Parking: DKK181.5 million (USD27.2 million), +13.3%;
  • EBITDA: DKK1168 million (USD175.0 million), +13.0%;
  • Net profit: DKK565 million (USD84.7 million), +20.0%;
  • Total assets: DKK10,744 million (USD1610 million);
  • Cash: DKK84 million (USD12.6 million);
  • Total liabilities: DKK7790 million (USD1167 million). [more - original PR]

*Based on the average conversion rate at DKK1 = USD0.151816 for 2Q2016
*Based on the average conversion rate at DKK1 = USD0.149832 for 1H2016

Copenhagen Airports A/S: "Based on the strong growth, CPH expects to end the year above the outlook of 12 May 2016 and is therefore upgrading its full-year outlook for profit before tax." Source: Company statement, 10-Aug-2016.