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Continued focus on sustainable development

2018-04-26, kl. 17:05

During the first quarter of the year, 9,274,000 passengers flew to or from Swedavia’s airports. Compared to last year, that is a two per cent increase, which means a slower rate of growth. The discussion about the climate impact of air travel has intensified, and Swedavia continues its work for a sustainable future and the development of the world’s most climate-smart airports.

The year got off to a cold start with a lot of snow, which at times presented a challenge to operations but likewise demonstrated Swedavia’s high level of delivery even in difficult weather conditions. However, the severe weather also entailed increased costs.

Consolidated net revenue increased SEK 56 M during the period to SEK 1,403 M (1,347), with the increase mainly an effect of higher passenger volume. Operating profit for the period was SEK 58 M (116). Operating profit was negatively affected by increased costs attributable to the effects of winter, IT, rents, airport protection and security. Measures are being taken in the short and long term to counter this increase in costs in order to continue to ensure Swedavia’s competitiveness. The pace of investment continues to be high, which is an effect of the development programmes at the Company’s main airports. Investments for the first quarter totalled SEK 631 M (589).

In all, 9,274,000 passengers flew to or from Swedavia’s airports in January-March, which is a two per cent increase compared to the same period last year. Meanwhile, the rate of growth is slower compared to the same period in 2017. Passenger volume was up at three of Swedavia’s airports during the quarter – Åre Österund Airport, Stockholm Arlanda Airport and Göteborg Landvetter Airport.

A number of new routes and destinations were launched during the quarter. Improved access and the establishment of new destinations and routes help make Sweden more attractive to foreign visitors and strengthen Swedavia’s airports as hubs for air traffic.

At Swedavia, the work continues for a shift to climate-smart operations and a focus on a sustainable future.

“Aviation needs to be part of the transport of the future – and the transport of the future must be sustainable. At Swedavia, we will continue to work for a shift to increasingly sustainable operations and operate the most climate-smart airports in the world. Our sustainability work begins at our own airports; at the same time we want to contribute by encouraging other companies and organisations in the industry to take a step forward in their driveto reduce their environmental impact,” says Jonas Abrahamsson, president and CEO of Swedavia.

For further information,please contact Ulrika Fager, Head of External Relations, Swedavia
tel. +46 10-10 90 100

This is information that Swedavia AB (publ) is required to disclose under the EU Market Abuse Regulation and the Securities Market Act. The information was provided by the contact person above for publication on April 26, 2018, at 5:00 p.m. CET.