Interim report of Copenhagen Airports A/S (CPH) for the period 1 January – 30 September 2022

Stock Exchange Announcement Copenhagen, 7 November 2022 The Board of Directors has today approved the interim report for the period 1 January – 30 September 2022. HIGHLIGHTSThe number of passengers at CPH was 16.4 million in the first nine months of 2022, an increase of 11.2 million or 216% compared with the first nine months of 2021. The number of locally departing passengers was 6.9 million (up by 203% from last year), and 1.3 million were departing transfer passengers...

Kastrup, 07/11/2022 (informazione.news - comunicati stampa - trasporti)

Stock Exchange Announcement

Copenhagen, 7 November 202 2

The Board of Directors has today approved the interim report for the period 1 January – 30 September 2022.

HIGHLIGHTS

OUTLOOK FOR 202 2

Following two extremely challenging years, CPH has seen a steady increase in traffic volumes during 2022. In total, 16.4 million passengers had travelled through the Airport as per end of September 2022. Our updated passenger forecast for the full year 2022 is expected to be approximately 22 million passengers.

Passenger numbers, however, are dependent on the development in current macroeconomic and geopolitical factors such as the ongoing war in Ukraine, the high inflation rates worldwide, and the hike in energy prices. All factors that may affect the appetite for travelling negatively. Additionally, continued waves of new COVID-19 variants in the fall/early winter may result in reimposed travel restrictions, which may also adversely affect passenger numbers.

The cost base for the remainder of the year is largely fixed and predictable, however factors such as the inflation and the high volatility in energy prices may have a significant effect on our estimate for the profit before tax for 2022. Revenue is mostly passenger driven and actual numbers may therefore be affected by the above factors.  

Based on the current assumptions for passenger levels and external costs, we forecast the profit before tax for 2022 to be within the range of DKK 125-225 million.

CAPEX spend for the full year is forecasted to be in the range of DKK 950-1000 million.

P.O. Box 74
Lufthavnsboulevarden 6
2770 Kastrup, Denmark

Contact:
Rasmus Lund
CFO

Tel.: +45 3231 3231
E-mail: cphweb@cph.dk
www.cph.dk

CVR no. 14 70 72 04

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