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Copenhagen profit up almost 50%; Shanghai Pudong and Guangzhou traffic up

Copenhagen Airport reported a 10.8% year-on-year increase in revenue for 2010, and a net profit of EUR121.8 million, up 48%. The airport expects new routes launched in 2010 to contribute to improved revenue performance in 2011, although costs are also expected to be higher. Shares in Copenhagen Airports were up 0.8%.

 Copenhagen Airports reported the following consolidated financial highlights in 2010:

  • Revenue*: EUR434.2 million, +10.8% year-on-year;
  • EBITDA: EUR263.3 million, +29.4%;
  • EBIT: EUR197.3 million, +40.6%;
  • Profit before tax: EUR164.6 million, +49.8%;
  • Net profit: EUR121.8 million, +48%.

* Based on the conversion rate EUR1 = DKK7.46

Shanghai Pudong Airport announced the following traffic highlights in Jan-2011:

  • Passenger numbers: 3,291,900, +18.9% year-on-year;
    • Domestic: 1,703,500, +21.1%;
    • International: 1,204,800, +22.5%;
    • Regional: 383,600, +1.6%;
  • Cargo volume: 257,500, +5.2%;
    • Domestic: 32,500, -12.2%;
    • International: 187,600, +6.7%;
    • Regional: 37,400, +17.2%;
  • Aircraft movements: 28,520, +13.7%;
    • Domestic: 14,779, +14.9%;
    • International: 10,402, +13.7%;
    • Regional: 3092, +10.1%.

Guangzhou Airport announced the following traffic highlights in Jan-2011:

  • Passenger numbers: 3,682,360, +15.2% year-on-year;
    • Arrivals: 1,693,970, +9.4%;
    • Departure: 1,988,390, +20.6%;
  • Cargo volume: 100,154.7, +9.3%;
    • Arrivals: 44,312.8, +10.8%;
    • Departure: 55,841.9, +8.1%;
  • Aircraft movements: 29,994, +10.0%;
    • Arrivals: 14,997, +10.0%;
    • Departure: 14,997, +10.1%.

Selected ABD daily share price movements (% change): 21-Feb-2011