Brief: Copenhagen Airports Q3 EBIT Falls To DKK 513 Million

Copenhagen Airports A/S

06/11/2018 10:34

Nov 6 (Reuters) - Copenhagen Airports A/S  KBHL.CO :
    * REG-INTERIM REPORT OF COPENHAGEN AIRPORTS A/S (CPH) FOR
THE
PERIOD 1 JANUARY – 30 SEPTEMBER 2018
    * A TOTAL OF 23.3 MILLION PEOPLE TRAVELLED THROUGH
COPENHAGEN
AIRPORT IN FIRST NINE MONTHS OF 2018
    * REDUCTION IN CHARGES HAS HAD A NEGATIVE IMPACT OF DKK
148.0
MILLION SINCE 1 APRIL 2018.
    * PASSENGER NUMBERS AT COPENHAGEN AIRPORT INCREASED BY 3.7%
IN
FIRST NINE MONTHS OF 2018
    * BASED ON GROWTH IN NUMBER OF PASSENGERS, EXPECTS TO END
YEAR
ABOVE OUTLOOK OF 9 AUG 2018 AND ADJUSTS ITS FY OUTLOOK
    * ON A FULL-YEAR BASIS, REDUCTION IN CHARGES WILL HAVE AN
IMPACT
OF APPROXIMATELY DKK 300 MILLION.
    * CAPITAL EXPENDITURE WAS DKK 1,500.6 MILLION IN FIRST NINE
MONTHS
OF 2018 (2017: DKK 1,029.1 MILLION)
    * ADJUSTS ITS FULL-YEAR OUTLOOK FOR REVENUE GROWTH TO A
RANGE OF
-0.5% TO 0.5% RELATIVE TO PREVIOUS OUTLOOK WITH A NEGATIVE RANGE
OF 1-2%
    * CPH RETAINS OUTLOOK FOR PROFIT BEFORE TAX EXCLUDING
ONE-OFF
ITEMS.
    * EXCLUDING ONE-OFF ITEMS, PROFIT BEFORE TAX IN 2018 IS
EXPECTED
TO BE IN RANGE OF DKK 1,350-1,450 MILLION
    * Q3 EBIT DKK 513 MILLION VERSUS DKK 599 MILLION YEAR AGO
    * CONSOLIDATED PROFIT BEFORE TAX FOR THE THIRD QUARTER WAS
DKK
483.0 MILLION (2017: DKK 558.4 MILLION),
    * Q3 REVENUE DKK 1.24 BILLION VERSUS DKK 1.23 BILLION YEAR
AGO

Source text for Eikon:  ID:nGNE5f2fvB 
Further company coverage:  KBHL.CO 

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