Brief: Copenhagen Airports Q1 EBITDA Loss DKK 152.9 Million

Copenhagen Airports A/S

18/05/2021 10:33

May 18 (Reuters) - Copenhagen Airports A/S  KBHL.CO :
    * REG-INTERIM REPORT OF COPENHAGEN AIRPORTS A/S (CPH) FOR
THE
PERIOD 1 JANUARY – 31 MARCH 2021
    * REG-INTERIM REPORT OF COPENHAGEN AIRPORTS A/S (CPH) FOR
THE
PERIOD 1 JANUARY – 31 MARCH 2021
    * Q1 REVENUE AMOUNTED TO DKK 189.3 MILLION (2020: DKK 764.3
MILLION), A 75.2% DECLINE FROM LAST YEAR.
    * Q1 EBITDA WAS SIMILARLY AFFECTED AND AMOUNTED TO A LOSS OF
DKK
152.9 MILLION (2020: PROFIT OF DKK 313.0 MILLION), DOWN DKK
465.9 MILLION FROM LAST YEAR
    * Q1 EBIT WAS A LOSS OF DKK 405.0 MILLION (2020: PROFIT OF
DKK
103.6 MILLION), CORRESPONDING TO A DECREASE OF DKK 508.6
MILLION.
    * Q1 CAPITAL INVESTMENTS WERE DKK 138.2 MILLION IN Q1 OF
2021
(2020: DKK 489.1 MILLION)
    * OUTLOOK FOR 2021: GLOBAL AVIATION CONTINUES TO FACE
SIGNIFICANT
UNCERTAINTY FROM ONGOING COVID-19 PANDEMIC AS WELL AS OTHER
FACTORS SUCH AS ECONOMIC UNCERTAINTY AND CLIMATE CHANGE
    * OUTLOOK FOR 2021: CPH WILL CONTINUOUSLY ASSESS AND ADJUST
LEVEL
OF OPERATING COSTS AND INVESTMENTS, AND WILL ADVISE MARKET AS
AND WHEN A MEANINGFUL OUTLOOK CAN BE PROVIDED.

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

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