Brief: Copenhagen Airports FY EBITDA Down At DKK 2.37 Bln

Copenhagen Airports A/S

03/03/2020 12:09

March 3 (Reuters) - Copenhagen Airports A/S  KBHL.CO :
    * REG-ANNUAL REPORT FOR 2019
    * DROP IN REVENUE AND LOWER DIVIDEND
    * DUE TO GREAT UNCERTAINTY COVID-19 HAS CREATED FOR AIR
TRAVEL IN
DENMARK AND REST OF WORLD AND UNCERTAINTY ABOUT DURATION OF
SITUATION, IT IS CURRENTLY NOT POSSIBLE TO MAKE A REASONABLE
ASSESSMENT OF FINANCIAL IMPACT OF CORONAVIRUS AT THIS TIME.
    * CPH CASH FLOWS HAVE COME EVEN MORE UNDER PRESSURE DUE TO
GLOBAL
ECONOMIC UNCERTAINTY, BREXIT, TRADE WARS AND CORONA VIRUS
    * DIVIDEND POLICY TO PAY OUT 100% OF COMPANY'S RESULT OVER
TIME IS
MAINTAINED
    * FOR FULL FINANCIAL YEAR 2019, A TOTAL DIVIDEND OF 23.3% IS
PAID
    * IT IS CURRENTLY NOT POSSIBLE TO MAKE A REASONABLE
ASSESSMENT OF
FINANCIAL IMPACT OF CORONAVIRUS AT THIS TIME
    * IT IS NOT POSSIBLE TO GIVE AN OUTLOOK FOR REVENUE, PROFIT
BEFORE
TAX AND TOTAL INVESTMENTS.
    * NEXT TARGET IS TO MAKE AIRPORT OPERATIONS COMPLETELY
EMISSIONS-FREE BY 2030
    * WILL CONTINUOUSLY ASSESS AND ADJUST LEVEL OF OPERATIONAL
COSTS
AND INVESTMENTS.
    * FY REVENUE DKK 4.3 BILLION VERSUS DKK 4.4 BILLION YEAR AGO
    * BOARD OF DIRECTORS HAVE DECIDED TO RECOMMEND TO ANNUAL
GENERAL
MEETING THAT NO DIVIDEND WILL BE PAID FOR SECOND HALF OF 2019
    * FY EBITDA DKK 2.37 BILLION VERSUS DKK 2.51 BILLION YEAR
AGO
    * FY OPERATING PROFIT DKK 1.4 BILLION VERSUS DKK 1.5 BILLION
YEAR
AGO

Source text for Eikon:  ID:nGNE10l793 
Further company coverage:  KBHL.CO 

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