Copenhagen Airport 3Q2009 revenue down 5.9%, EBITDA down 10%

Denmark's Copenhagen Airport revenue down 5.9% - financial highlights for the three months ended 30-Sep-2009:

• Revenue: EUR106.4 million, -5.9% year-on-year;
  • Aeronautical: EUR59.1 million, -4.8%;
  • Concession: EUR27.1 million, -9.8%;
  • Shopping Centre: EUR19.2 million, -10.0%;
  • Rent: EUR8.3 million, +2.5%;
  • Parking: EUR5.8 million, -12.1%;
  • Hotel: EUR5.6 million, -15.8%;
• Operating costs; EUR46.4 million, +1.0%;
• EBITDA: EUR59.2 million, -10.2%;
• EBIT: EUR44.2 million, -15.8%;
• Profit before tax: EUR36.8 million, -22.2%;
• Net profit: EUR27.5 million, -22.2%;
• Revenue per passenger: EUR18.8, +1.2%;
• EBITDA per passenger: EUR10.5, -3.4%. [more]
• *Based on the conversion rate at EUR1 = DKK7.44

Copenhagen Airport: "The total number of passengers, with an improving trend in Q3 2009, is expected to decline in 2009 due to the economic downturn and the impact of Sterling's bankruptcy. On the basis of the negative traffic outlook, profit before tax is still expected to be lower than in 2008, when excluding one-off items. CPH continuously seeks to adapt the investment level to the current economic environment. CPH is continuously working to improve services to airlines and passengers and intends to continue investing despite the economic downturn," Company statement. Source: Copenhagen Airport, 30-Oct-2009.