Brief: Copenhagen Airports Updates On COVID-19 Earnings Impact

Copenhagen Airports A/S

25/06/2020 10:54

June 25 (Reuters) - Copenhagen Airports A/S  KBHL.CO :
    * REG-CPH EXPECTING MAJOR NEGATIVE EARNINGS IMPACT FROM
COVID-19
CRISIS
    * CPH NOW EXPECTS TO INCUR A LOSS FOR FULL YEAR.
    * BASED ON FINANCIAL DEVELOPMENTS IN 2020 TO DATE AND
PROSPECTS OF
VERY LIMITED PASSENGER TRAFFIC FOR REST OF YEAR, CPH EXPECTS A
SIGNIFICANT DROP IN REVENUE RELATIVE TO 2019
    * GIVEN COSTS OF KEEPING AIRPORT OPERATIONAL, CO NOW EXPECTS
AN
OVERALL LOSS AFTER TAX OF DKK 450-750 MILLION FOR 2020
    * FORECASTS REMAIN SUBJECT TO SIGNIFICANT UNCERTAINTY AND
WILL
DEPEND ON, AMONG OTHER THINGS, DEVELOPMENTS IN AIR TRAFFIC FOR
REST OF YEAR
    * WILL REMAIN FOCUSED ON ALIGNING AIRPORT'S COSTS AND
OPERATIONS
WITH EXPECTED DEVELOPMENTS IN PASSENGER TRAFFIC GOING FORWARD

Source text for Eikon:  ID:nGNE5bkyvs 
Further company coverage:  KBHL.CO 

 (Gdansk Newsroom)
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