Brief: Copenhagen Airports Q1 EBIT Loss Narrows To DKK 134 Mln

Copenhagen Airports A/S

19/05/2022 12:02

May 19 (Reuters) - Copenhagen Airports A/S  KBHL.CO :
    * INTERIM REPORT OF COPENHAGEN AIRPORTS A/S (CPH) FOR THE
PERIOD 1
JANUARY – 31 MARCH 2022
    * Q1 REVENUE AMOUNTED TO DKK 577 MILLION (Q1 2021: DKK 189
MILLION)
    * Q1 EBITDA WAS A PROFIT OF DKK 109 MILLION (Q1 2021: LOSS
OF DKK
153 MILLION)
    * Q1 EBIT WAS A LOSS OF DKK 134 MILLION (Q1 2021: LOSS OF
DKK 404
MILLION)
    * CURRENTLY, WE ARE UNABLE TO PREDICT IF AND HOW PANDEMIC
WILL
AFFECT AVIATION DURING FALL/WINTER 2022
    * AN IMPROVEMENT IN YEAR-OVER-YEAR RESULTS IS EXPECTED FOR
CPH,
BUT WE ARE NOT IN A POSITION TO PROVIDE DETAILED GUIDANCE ON
CPH'S FINANCIAL PERFORMANCE FOR 2022
    * PASSENGER LEVELS REACHED 3.3 MILLION PASSENGERS IN Q1 2022
COMPARED WITH 0.4 MILLION PASSENGERS IN Q1 2021
    * WE ARE UNABLE TO PREDICT IF AND HOW PANDEMIC WILL AFFECT
AVIATION DURING FALL/WINTER 2022
    * EXPECTS THAT PANDEMIC WILL CONTINUE TO AFFECT NUMBER OF
FLIGHTS
AND PASSENGERS, BOTH IN TERMS OF LEISURE AND BUSINESS TRAVELERS,
THROUGHOUT 2022
    * LONG-HAUL INTERNATIONAL ROUTES CONTINUE TO BE SEVERELY
AFFECTED
BY RESTRICTIONS AND PASSENGER HESITATION ALTHOUGH COUNTRIES ARE
SLOWLY REOPENING

Source text for Eikon:  ID:nGNE30Qn1V 
Further company coverage:  KBHL.CO 

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