Increased capital spending to meet future travel needs

During the second quarter of 2012, Swedavia reported an operating profit of SEK 233 (255) million. Consolidated revenue for the same period was SEK 1,248 (1,203) million. Profit after taxes was SEK 122 (139) million. The period was dominated by increased capital spending, mainly at Stockholm Arlanda Airport and Göteborg Landvetter Airport, aimed at increasing both capacity and quality at the airports.

“Uncertainty about the economic recovery in Europe is creating continued challenges going forward. At the same time, an extensive investment programme is being carried out to ensure development of our main airports and Sweden’s long-term access,” says Swedavia’s chief executive, Torborg Chetkovich.

During the period, Swedavia completed the acquisition of buildings at Stockholm Arlanda Airport, Göteborg Landvetter Airport and Malmö Airport for SEK 1,775 million, as part of the strategic development of its airports. The buildings have total space of 152,000 square metres, and Swedavia already owns the land on which they are built. Swedavia’s airports had 8.6 million passengers during the period, an increase of 3.2 per cent compared to the same period in 2011. After the end of the period, the environmental work at all of Swedavia’s airports, which are included in the national basic airport infrastructure, were accredited at the highest level by the Airport Carbon Accreditation (ACA) scheme.