Doubling of investment pace and better margin for Swedavia
Doubling of investment pace and better margin for Swedavia
More passengers than ever chose to fly to and from Swedavia's ten airports during the first half of 2017. In order to handle the strong passenger growth, Swedavia has sharply accelerated its investment pace, investing SEK 1,593 M (703) during the period. Capital spending on development programmes now under way is building Sweden's airports of the future and thus creating potential for continued increases in air travel and the country's economic growth. During the first half of 2017, 20,278,348 passengers flew to or from one of Swedavia's airports. That is equivalent to growth of seven per cent compared to the same period in 2016. May 24 was also the biggest travel day ever at Stockholm Arlanda Airport. For the first time, more than 100,000 passengers travelled to or from the airport in a single day, with many of them attending the UEFA Europa League final, which was held in Stockholm.
"It is gratifying to see more and more passengers choosing to fly to and from our airports. Increased travel is good for Sweden's economic growth, but also leads to strained conditions at many of our airports. We therefore need to increase efficiency and optimise operations here and now, while at the same time investing to expand long-term capacity and build the airports of the future," says Jonas Abrahamsson, president and chief executive of Swedavia.
Capital spending totalled SEK 1,593 M (703) during the first half of 2017. Most of this is for ongoing development programmes to build Sweden's airports of the future. Through 2020, Swedavia plans to invest about SEK 16.5 billion in the company, and that pace of investment will need to be further accelerated. Consolidated revenue for the first six months of the year totalled SEK 2,827 M (2,724), which was an increase of SEK 103 M. The growth in passenger volume at Swedavia's airports is the main factor contributing to the higher net revenue. Operating profit totalled SEK 419 M. Compared to last year, adjusted for capital gains, the underlying increase was SEK 33 M.
Swedavia continues its successful work to attract new long-haul routes to Stockholm Arlanda. During the quarter, a new route was launched between Stockholm Arlanda and Changi Airport, which is one of the fastest air links between Singapore and Sweden. It was also confirmed that Air India will launch direct service between Stockholm and Delhi in late August 2017.
Swedavia is developing its airports into the most important meeting places in Scandinavia. During the spring, Swedavia signed an agreement with the hotel operator Nordic Choice Hotels on a new hotel at Stockholm Arlanda Airport which will be the largest airport hotel in the Nordic region. Scandic Hotels will be the operator of a new hotel at Göteborg Landvetter Airport, which will be an important piece of the puzzle in that airport's expansion.
July 18, 2017
For further information, please contact Anders Porelius, press manager, tel. +46 (0)10-10 90 100
This information is information that Swedavia AB is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at juli 18 CET on 15.00 2017.
Swedavias halvårsrapport 2019: Stabilt resultat - satsningar på tillgänglighet och klimatomställning
Under januari-juni reste närmare 20 miljoner passagerare vid Swedavias flygplatser. Swedavias nettoomsättning och rörelseresultat förbättras till närmare 3,1 miljarder kronor respektive 348 miljoner kronor. Swedavias satsningar på att utveckla flygplatsernas tillgänglighet och flygets klimatomställning fortsätter.
Swedavia's six-month report 2019: Stable results - investments in access and measures to combat climate change
During the period January-June, nearly 20 million passengers flew to or from Swedavia's airports. Swedavia's net revenue and operating profit improved to nearly 3.1 billion Swedish kronor and 348 million kronor, respectively. Swedavia's investments to develop access at its airports and transform aviation in the face of climate change continue.
Swedavia har tecknat en kreditfacilitet på 2 miljarder svenska kronor med den tyska statligt ägda banken KfW-IPEX Bank. Låneavtalet har en löptid på maximalt 10 år och är avsett att finansiera Swedavias utvecklingsprogram.
Swedavia has signed a credit facility for SEK 2 billion with the German State-owned KfW IPEX-Bank. The loan agreement will run for a maximum of 10 years and is intended to fund Swedavia's development programme.
Swedavias första kvartal 2019 präglas av det fortsatta arbetet med att säkerställa den långsiktiga konkurrenskraften för bolaget och att infria målet om att den egna verksamheten ska vara fossilfri 2020. Swedavia fortsätter också att verka för flygets nödvändiga omställning för att bli fossilfritt 2045, med ytterligare satsningar på bioflygbränsle.
Swedavia's interim report for January-March 2019: Stable profit and a focus on more effective solutions
Swedavia's first quarter of 2019 was characterised by continued work to ensure the company's long-term competitiveness and achieve the target of having its own operations be fossil-free by 2020. Swedavia also continues to work for the transformation that the air transport industry needs to be fossil-free by 2045, with further investments in bio jet fuel.
Swedavia's Annual and Sustainability Report 2018 is now available in Swedish on Swedavia's website. The report describes the company's sustainability work, development last year and financial position at year-end.
Swedavias års- och hållbarhetsredovisning för 2018 finns från och med idag tillgänglig på Swedavias webb. Redovisningen beskriver bolagets hållbarhetsarbete, utveckling under förra året och finansiella ställning vid årets utgång.
Swedavia utser Caroline Ottosson, vd för Storstockholms lokaltrafik och Waxholmsbolaget, till ny direktör för koncernenheten Anläggning och system samt ny ledamot i Swedavias koncernledning. Hon tillträder tjänsten under augusti månad.
Härmed kallas till årsstämma i Swedavia AB, org.nr 556797-0818.
Swedavias Bokslutskommuniké 2018: Förbättrad resetillgänglighet och fortsatta satsningar på klimatsmarta flygplatser
Flygplatskoncernen Swedavia redovisar ett rörelseresultat på 682 miljoner kronor för 2018, då drygt 42 miljoner passagerare reste till och från Swedavias flygplatser. Samtidigt fortsatte satsningarna på bioflygbränsle och målet att Swedavias flygplatser ska ha noll fossila koldioxidutsläpp i den egna verksamheten. Det framgår av Swedavias bokslutskommuniké.
Swedavia's Year-End Report 2018: Improved access to air travel and continued investments in climate-smart airports
The airport group Swedavia has reported an operating profit of 682 million Swedish kronor for 2018, when more than 42 million passengers flew to or from Swedavia's airports. Meanwhile, the Group continued its investments in bio jet fuel and its work to achieve the target of zero fossil carbon dioxide emissions from its own operations. This information was published in Swedavia's year-end report.
Swedavia delårsrapport för januari-september - Fortsatt utveckling mot framtidens klimatsmarta flygplatser
Antalet resenärer vid Swedavias flygplatser ökade något under januari-september, men det tredje kvartalet visade på en fortsatt avmattning i trafiktillväxten. För niomånadersperioden sammantaget redovisar Swedavia en rörelsevinst på 666 miljoner kronor. Det framgår av Swedavias delårsrapport som presenteras på fredagen.
Swedavia interim report for January-September - Continued development towards the climate-smart airports of the future
Passenger volume at Swedavia's airports increased somewhat during the period January- September, but the third quarter saw a continued deceleration in traffic growth. For the nine- month period overall, Swedavia reported an operating profit of 666 million Swedish kronor. The results were presented in Swedavia's interim report, which was published on Friday.