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Copenhagen Airports revenue down 3.8% in 2Q2011

10-Aug-2011 12:02 PM

Copenhagen Airports reports (09-Aug-2011) the following consolidated financial highlights for the three months ended Jun-2011:

  • Revenue*: EUR116.2 million, -3.8% year-on-year;
    • Traffic: EUR65.3 million, +16.7%;
    • Concession: EUR31.5 million, +17.5%;
  • Operating profit: EUR43.9 million, -20.4%;
  • EBITDA: EUR62 million, -13.3%;
  • Profit before tax: EUR37.5 million, -10%;
  • Net profit: EUR27.7 million, -6.7%;
  • Passenger numbers: +13.3%. [more]

*Based on the conversion rate EUR1 = DKK7.45102

Copenhagen Airports:” The 2010 Annual Report forecasts an increase in the total number of passengers in 2011. Operating costs are expected to be higher than in 2010, primarily due to the forecast passenger growth and cost inflation. Financial expenses are expected to be lower than in 2010. Due to the high investment level in 2011, depreciation is expected to increase and profit before tax is still expected to be in line with 2010, when excluding one-off items. The financial outlook for 2011 is retained,” Source: Company statement, 09-Aug-2011.