Copenhagen Airport EBITDA up 6% in 3Q2012, retains full-year pax guidance
Denmark's Copenhagen Airport revenue up 5% - financial highlights:
- Three months ended 30-Sep-2012:
- Revenue: DKK967.2 million (EUR129.9 million), +4.6% year-on-year;
- Aeronautical: DKK542.6 million (EUR72.9 million), +4.3%;
- Non-aeronautical: DKK420.0 million (EUR56.4 million), +4.8%;
- EBITDA: DKK566.0 million (EUR76.0 million), +5.9%;
- Net profit: DKK284.6 million (EUR38.2 million), +6.6%;
- Revenue: DKK967.2 million (EUR129.9 million), +4.6% year-on-year;
- Nine months ended 30-Sep-2012:
- Revenue: DKK2650 million (EUR356.3 million), +5.5%;
- Aeronautical: DKK1468 million (EUR197.3 million), +5.4%;
- Non-aeronautical: DKK1164 million (EUR156.5 million), +5.2%;
- EBITDA: DKK1465 million (EUR196.9 million), +9.4%;
- Net profit: DKK679.7 million (EUR91.4 million), +15.1%;
- Total assets: DKK9151 million (EUR1230 million), +2.3% when compared to period ended 31-Dec-2011;
- Cash: DKK217.2 million (EUR29.2 million), -37.3% when compared to period ended 31-Dec-2011;
- Total liabilities: DKK6363 million (EUR855.4 million), +5.5% when compared to period ended 31-Dec-2011. [more - original PR]
- Revenue: DKK2650 million (EUR356.3 million), +5.5%;
*Based on the average exchange rate at EUR1 = DKK7.4455 for three months ended 30-Sep-2012
*Based on the average exchange rate at EUR1 = DKK7.4385 for nine months ended 30-Sep-2012
Copenhagen Airport: "Traffic expectations are retained despite several airline bankruptcies during the year. The increase in passenger numbers is expected to have a positive impact on total revenue. Operating costs are expected to be higher than in 2011, primarily due to the forecast passenger growth and cost inflation. Overall, a higher total profit before tax, when excluding one-off items including the gain from the divestment of NIAL, is expected compared to 2011." Source: Company statement, 31-Oct-2012.