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0EYJ Copenhagen Airports A/s

5,720.00
0.00 (0.00%)
31 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Copenhagen Airports A/s LSE:0EYJ London Ordinary Share DK0010201102 KOEBENHAVNS LUFTHAVNE ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5,720.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Airports & Terminal Services 4.06B 264M - N/A 44.89B

Updated outlook for Copenhagen Airports A/S November 2023

07/11/2023 10:25am

GlobeNewswire Inc.


Copenhagen Airports A/s (LSE:0EYJ)
Historical Stock Chart


From Oct 2023 to Oct 2024

Click Here for more Copenhagen Airports A/s Charts.
Updated outlook for Copenhagen Airports A/S November 2023

Management has updated its expectations for the remainder of 2023, as a result of the continued growth and expectation for passenger numbers for the remaining part of the year.

Outlook for revenue growth

Based on current trajectories for passenger growth, management expects passenger levels at approximately 26.5 million for the full year 2023 (previous expectation: 26 million). Expectations for growth in traffic revenue has thus been updated to 16% (previously 13%) for the full year 2023.

The updated outlook remains uncertain in respect of the current geopolitical landscape and macroeconomic factors such as the higher interest rate levels, potential volatile energy prices, and effects from the period of high inflation. A worsening of these factors could affect travel sentiment and CPH’s financial outlook negatively.

Outlook for profit before tax

Based on passenger level expectations, a profit before tax of DKK 350 million to DKK 400 million is expected (previously DKK 300-350 million). The costs of passenger related activities and regulatory requirements are as expected in previous outlooks higher in 2023 than in 2022.

Outlook for capital investments

Investment level including capitalized interest is updated to be around DKK 1.3 billion (previously DKK 1.6 billion). The expansion of Terminal 3 is expected to account for about half of the investment level for 2023 whilst the remaining part constitutes projects in relation to capacity, safety, security, and compliance.

Dividend

There will be no dividend payment in 2023 as a consequence of commitment towards lenders in waiver agreements.

COPENHAGEN AIRPORTS A/S

P.O. Box 74

Lufthavnsboulevarden 6

DK-2770 Kastrup

Contact:

Rasmus Lund

CFO

Telephone: +45 3231 3231

E-mail: cphpresse@cph.dk

www.cph.dk

CVR nr. 14 70 72 04

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1 Year Copenhagen Airports A/s Chart

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