Interim Report Q3 2013 - More direct routes for a stronger Sweden
2013-10-30, kl. 14:16
Demand is growing especially for international non-stop service. This is indicated by an increase in travel to and from Swedavia’s airports. That, combined with an expansion in real estate business, has had a positive impact on Swedavia’s performance. From January to September, net revenue increased to SEK 3,876 M (3,631), and profit for the period totalled SEK 451 M (403).
The number of passengers at Swedavia’s airports during the first three quarters of the year increased by 3.2 per cent to over 25 million. During the same period, Swedavia’s revenue was up 6.7 per cent to SEK 3,876 M (3,631). Operating profit totalled SEK 758 M (681), and profit for the period was SEK 451 M (403). This growth in earnings can be explained by the completion of acquisitions carried out in the property segment and by the increase in travel.
“A strong market trend with more passengers creates potential for additional direct routes and more frequencies. Our good financial performance also gives us the opportunity to continue developing our terminals and commercial properties, which enhances our position in order to meet the growing demand for air travel,” says Torborg Chetkovich, president and chief executive of Swedavia.
During the third quarter, capital spending totalled SEK 280 M (461). Investments during the quarter consisted mostly of investments to improve maintenance and increase capacity at the airports. Continuing systematic climate work also meant that Visby Airport and Umeå Airport were again awarded certification at the highest level of Airport Carbon Accreditation (ACA), which confirms Swedavia’s role as a world leader in climate-smart airports.
Swedavia AB (publ) is obliged to publish such information under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act.