Brief: Copenhagen Airports Updates Outlook For 2023

Copenhagen Airports A/S

11/07/2023 09:46

July 11 (Reuters) - Copenhagen Airports A/S  KBHL.CO :
    * UPDATED OUTLOOK FOR COPENHAGEN AIRPORTS A/S JULY 2023
    * UPDATED EXPECTATIONS FOR REMAINDER OF 2023, DUE TO
CONTINUED
GROWTH IN PASSENGER NUMBERS
    * AGREEMENT ENTERED INTO BY NAVIAIR AND AIR TRAFFIC
CONTROLLERS
HAS REDUCED UNCERTAINTY ON PASSENGER OPERATIONS
    * THERE WILL BE NO DIVIDEND PAYMENT IN 2023 AS A CONSEQUENCE
OF
COMMITMENT TOWARDS LENDERS IN WAIVER AGREEMENTS
    * OUTLOOK FOR REVENUE GROWTH: BASED ON THESE FACTORS AND
CURRENT
TRAJECTORIES FOR PASSENGER GROWTH, MANAGEMENT NOW EXPECTS
PASSENGER LEVEL TO EXCEED 26 MILLION FOR FULL YEAR 2023
(PREVIOUSLY 25 MILLION
    * NOW EXPECTS PASSENGER LEVEL TO EXCEED 26 MILLION FOR FULL
YEAR
2023 (PREVIOUSLY 25 MILLION)
    * EXPECTATIONS FOR REVENUE GROWTH HAS BEEN UPDATED TO 13%
(PREVIOUSLY 10%) FOR FULL YEAR 2023.
    * IF PASSENGER LEVELS REACH 26 MILLION, PROFIT BEFORE TAX IS
EXPECTED TO BE BETWEEN DKK 300 MILLION TO DKK 350 MILLION
    * OUTLOOK FOR REVENUE GROWTH: EXPECTATIONS FOR REVENUE
GROWTH HAS
THUS BEEN UPDATED TO 13% (PREVIOUSLY 10%) FOR FULL YEAR 2023
    * INVESTMENT LEVEL INCLUDING CAPITALIZED INTEREST IS UPDATED
TO BE
AROUND DKK 1.6 BILLION (PREVIOUSLY DKK 1.7 BILLION).

Source text for Eikon:  ID:nGNE2MRC7T 
Further company coverage:  KBHL.CO 

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