Copenhagen Airport EBITDA up 6% in 2015, predicts higher EBITDA in 2016
Copenhagen Airport revenue up 5% - financial highlights for 12 months ended 31-Dec-2015:
- Revenue: DKK4062 million (EUR544.7 million), +5.0% year-on-year;
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- Traffic revenue: DKK2365 million (EUR317.1 million), +5.1%;
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- Take-off: DKK430.0 million (EUR57.7 million), +2.2%;
- Passenger charges: DKK1106 million (EUR148.3 million), +4.2%;
- Security charges: DKK559.8 million (EUR75.1 million), +6.4%;
- Handling: DKK191.1 million (EUR25.6 million), +4.5%;
- Concession: DKK1137 million (EUR152.4 million), +6.0%;
- Rent: DKK180.4 million (EUR24.2 million), +4.8%;
- EBITDA: DKK2259 million (EUR302.9 million), +5.6%;
- Net profit: DKK1086 million (EUR145.6 million), +13.3%;
- Total assets: DKK10,669 million (EUR1431 million);
- Cash: DKK83.4 million (EUR11.2 million);
- Total liabilities: DKK7677 million (EUR1030 million). [more - original PR]
*Based on the average conversion rate at DKK1 = EUR0.1341
Copenhagen Airport: "Based on the expected traffic programme for 2016, the number of passengers is expected to increase. The continued strong competition between airlines and optimisation of routes due to airline cutbacks or a slowdown in the global economy could, however, affect traffic growth negatively. The increase in passenger numbers is expected to have a positive impact on revenue. Profit before tax for 2016 is expected to be in the range of DKK 1,450-1,550 million, excluding one-off items. EBITDA is projected to be higher in 2016 than in 2015, excluding one-off items." Source: Company statement, 01-Mar-2016." Source: Company statement, 01-Mar-2016.