Swedavia operating profit more than doubles in 1H2014

Sweden's Swedavia reported (15-Aug-2014) 5.3% year-on-year increase in sales to SEK2697 million (EUR301.1 million) in 1H2014. Operating profit increased 130% to SEK939 million (EUR104.8 million), including SEK347 million (EUR38.7 million) from the sale of the hotel property next to Stockholm Arlanda Airport. During the period, passenger number at Swedavia airports increased 6.9% to 9.6 million. Stockholm Arlanda Airport CEO Torborg Chetkovich commented the strong travel trend creates significant opportunities for additional air services and raises the need to develop airport capacity, thereby ensure a sustainable infrastructure benefiting the whole of Sweden. [more - original PR - Swedish]

*Based on the average conversion rate at EUR1 = SEK8.9557