Brief: Copenhagen Airports H1 Overall Revenue Falls To DKK 934.8 Mln

Copenhagen Airports A/S

05/08/2020 08:24

Aug 5 (Reuters) - Copenhagen Airports A/S  KBHL.CO :
    * REG-INTERIM REPORT OF COPENHAGEN AIRPORTS A/S (CPH) FOR
THE
PERIOD 1 JANUARY – 30 JUNE 2020
    * JUST OVER 5 MILLION PASSENGERS PASSED THROUGH TERMINALS AT
COPENHAGEN AIRPORT IN FIRST SIX MONTHS OF 2020,
    * SAW PASSENGER TRAFFIC PLUNGE TO HISTORICALLY LOW LEVELS,
ESPECIALLY IN Q2
    * OVERALL REVENUE FOR FIRST HALF-YEAR WAS DKK 934.8 MILLION,
A
55.5% DROP FROM DKK 2,099.7 MILLION IN FIRST SIX MONTHS OF 2019
    * ONLY A HANDFUL OF AIRPORT'S SHOPS AND RESTAURANTS WERE
OPEN TO
SERVE VERY FEW PASSENGERS - ON CERTAIN DAYS FEWER THAN 500
    * MOST LIKELY, IT WILL BE A WHILE BEFORE CPH RECOVERS TO
PRE-CORONAVIRUS LEVELS
    * BASED ON FINANCIAL DEVELOPMENTS IN 2020 TO DATE EXPECTS A
SIGNIFICANT DROP IN REVENUE RELATIVE TO 2019
    * NOW EXPECTS AN OVERALL LOSS AFTER TAX OF DKK 450-750
MILLION FOR
2020
    * RESPONSIBILITY WEIGHING ON CPH TO MAKE TRANSPORT SECTOR
SUSTAINABLE IS AS HEAVY TODAY AS IT WAS BEFORE CORONAVIRUS
PANDEMIC
    * PLANNING ROLL-OUT OF INITIAL PHASE OF PROJECT TO ESTABLISH
ELECTROLYSER AND HYDROGEN PRODUCTION FACILITY IN GREATER
COPENHAGEN
    * IS CONTEMPLATING REMOVING 650 OF SOME 2,600 FULL-TIME
POSITIONS
AT AIRPORT
    * NOW EXPECTS AN OVERALL LOSS AFTER TAX OF DKK 450-750
MILLION FOR
2020

Source text for Eikon:  ID:nGNE3DGCBW 
Further company coverage:  KBHL.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))