Swedavia’s interim report for the third quarter
Swedavia reported improved operating income for the third quarter compared with the corresponding period of 2022. This was thanks to the continued recovery of the aviation market, despite global uncertainty and a weaker economy. Operating income totalled SEK 157 million, which is an increase of 110 per cent. Net revenue was SEK 1,613 million, which is an improvement of 23 per cent compared with the same period last year. The recovery in travel continued during the quarter, although this began to slow slightly towards the end of the period.
More than 9 million passengers flew to or from Swedavia’s airports during the quarter, an increase of 9 per cent compared with the same period last year. During the period January–September, nearly 25 million passengers travelled from Swedavia’s airports, a 22-per-cent increase compared with 2022.
Swedavia’s net revenue for the period January–September increased 27 per cent compared with the same period last year and totalled SEK 4,442 million (3,496). Operating income for the first nine months of the year excluding restructuring, capital gains, impairment losses and disposals was positive and totalled SEK 61 million (-221), which is an improvement of SEK 282 million compared with the same period last year. Net revenue for July–September totalled SEK 1,613 million (1,311). Operating income for the period July–September was positive and totalled SEK 157 million (75). Cash flow from operating activities for the period January–September improved and totalled SEK 479 million (306).
During the quarter, Swedavia’s revenue from Commercial Services increased 21 per cent compared with the same period last year, to SEK 600 million. Revenues increased more than the upturn in passenger volume, which was mainly due to increased commercial revenue per passenger.
The range of destinations and departures on offer gradually increased during the period January–September compared with the same period in 2022, principally at Stockholm Arlanda Airport. Overall, the range available is more limited than in 2019. This is particularly the case for direct intercontinental routes.