Brief: Copenhagen Airports Q1 EBITDA Ex-Items Falls To DKK 509.0 Mln

Copenhagen Airports A/S

21/05/2019 10:36

May 21 (Reuters) - Copenhagen Airports A/S  KBHL.CO :
    * REG-INTERIM REPORT OF COPENHAGEN AIRPORTS A/S (CPH) FOR
THE
PERIOD 1 JANUARY – 31 MARCH 2019
    * REG-INTERIM REPORT OF COPENHAGEN AIRPORTS A/S (CPH) FOR
THE
PERIOD 1 JANUARY – 31 MARCH 2019
    * COPENHAGEN AIRPORT CONTINUES TO GROW AFTER 2018: A RECORD
YEAR
THAT SAW MORE THAN 30 MILLION TRAVELLERS
    * DURING Q1 OF THIS YEAR, 6.3 MILLION PASSENGERS TRAVELLED
THROUGH
AIRPORT EQUIVALENT TO A 1.2% INCREASE COMPARED TO SAME QUARTER
LAST YEAR.
    * OUTLOOK 2019: BASED ON EXPECTED TRAFFIC PROGRAMME FOR
2019, AN
INCREASE IN TOTAL NUMBER OF PASSENGERS IS EXPECTED
    * IN Q1 OF YEAR, NUMBER OF LOCAL DEPARTING PASSENGERS FELL
BY 2.0%
COMPARED TO LAST YEAR
    * Q1 PROFIT BEFORE TAX, EXCLUDING ONE-OFF ITEMS, DECREASED
BY
20.4% TO DKK 258.4 MILLION (2018: DKK 324.7 MILLION)
    * CPH'S REVENUE FELL BY 4.1% DUE TO REDUCTION IN AIRPORT
CHARGES
THAT CAME INTO FORCE ON 1 APRIL 2018
    * Q1 EBITDA, EXCLUDING ONE-OFF ITEMS, DECREASED BY 11.3% TO
DKK
509.0 MILLION (2018: DKK 573.7 MILLION)
    * OUTLOOK FOR TRAFFIC GROWTH, PROFIT BEFORE TAX AND CAPITAL
EXPENDITURE IS UNCHANGED FROM ANNOUNCEMENT OF 5 MARCH 2019.
    * CPH EXPECTS TO MAINTAIN INVESTMENT LEVEL IN 2019, EXPECTED
TO
AMOUNT TO APPROX. DKK 1.8-2.1 BILLION, IN ORDER TO ACCOMMODATE
GROWTH PLAN.
    * OUTLOOK 2019: REVENUE DEVELOPMENT IS EXPECTED TO BE
NEGATIVE IN
RANGE OF 0-1%
    * PROFIT BEFORE TAX IN 2019 IS EXPECTED TO BE IN RANGE OF
DKK
1,250-1,350 MILLION, EXCLUDING ONE-OFF ITEMS
    * OUTLOOK 2019: EXPECTS TO MAINTAIN INVESTMENT LEVEL IN
2019,
EXPECTED TO AMOUNT TO APPROX. DKK 1.8-2.1 BILLION
    * EBITDA IS EXPECTED TO BE LOWER IN 2019 THAN IN 2018,
EXCLUDING
ONE-OFF ITEMS.

Source text for Eikon:  ID:nGNE64DQVG 
Further company coverage:  KBHL.CO 

 (Gdynia Newsroom)
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