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.

The number of passengers at Swedavia's ten airports decreased 4.2 per cent during the first quarter of the year to 8.9 million compared to the same period last year. The trend has reversed after numerous years of good growth. Meanwhile, access further improved during the quarter, with the establishment of new airlines and some twenty new routes announced so far this year.

"Swedavia's objective remains clear. We shall be a leader in sustainability and ensure access in Sweden and to the rest of the world. At the same time, we shall continue to be a role model in running and developing sustainable airports, with smooth, effective solutions for our passengers," says Jonas Abrahamsson, Swedavia's president and chief executive officer.

Swedavia reported revenue of nearly 1.5 billion Swedish kronor (1.4) and operating profit of 70 million kronor (58) for the quarter. Increased revenue from airport operations and lower external operating costs had a positive effect, while depreciation, amortisation and staff expenses had a negative effect.

"Since the autumn of 2018, we have been working to make our methods more effective, be more cost-effective and gradually fine-tune our process-oriented approach to create better collaboration, both within the organisation and with our customers," Jonas Abrahamsson notes.

For a number of years, Swedavia has been carrying out extensive development and investment programmes, in line with its mission to ensure access, which is crucial to Sweden's competitiveness and economic growth. The programmes are proceeding according to plan, and during the quarter the new airport maintenance area at Stockholm Arlanda Airport was inaugurated.

"Capacity at our airports has been really strained for many years, so for many years we have been carrying out extensive investment programmes in order to meet these needs," adds Jonas Abrahamsson.

Swedavia has the objective of running operations with as little impact on the climate as possible. Among other things, this means that all of its airports' own operations shall be fossil-free by 2020. So far, Visby Airport, Ronneby Airport and Luleå Airport have achieved this target.

"This year and next year, the seven other airports will also achieve this target. Since the summer of 2018, we have therefore added another sustainability target and are working so that the share of renewable jet fuel used at Swedish airports will be five per cent by 2025 at the latest, in line with international agreements on climate change," says Jonas Abrahamsson.

The full interim report is available on Swedavia's website: Swedavia - financial information

April 17, 2019

For further information and for interview requests, please contact Robert Pletzin, press officer, Swedavia, +46 (0)10-10 90 100

Swedavia AB (publ) is required to disclose the information in this interim report under the EU Market Abuse Regulation and the Securities Market Act. The information was provided by the contact person above for publication on April 17, 2019, at 5:00 p.m. CET.

Swedavias halvårsrapport januari-juni 2020: Mot ett nytt normalläge

Covid-19-pandemins påverkan på flygresandet har under första halvåret 2020 varit omfattande - internationellt och i Sverige. Särskilt dramatisk var utvecklingen under andra kvartalet, då 321 000 passagerare (10,7 miljoner) reste till eller från Swedavias flygplatser. Det är en minskning med 97 procent, vilket bidrog till att bolagets nettoomsättning under kvartalet minskade med cirka 1,3 miljarder kronor. I juni beslutade Swedavias ägare, den svenska staten, om att lämna ett kapitaltillskott på 3 150 MSEK och under periodens sista veckor uppvisade flygmarknaden tendenser på att en återhämtning påbörjats. Samtidigt tyder mycket på att marknaden går mot ett nytt normalläge med nya förutsättningar efter pandemin.


Swedavia's January-June 2020 interim report: Towards a new normal

The Covid-19 pandemic had a tremendous impact on air travel during the first six months of 2020 - internationally and in Sweden. The trend was particularly dramatic during the second quarter, when 321,000 passengers (10.7 million) flew to or from Swedavia's airports. That is a decrease of 97 per cent. As a result, the company's net revenue decreased about 1.3 billion Swedish kronor. In June, Swedavia's owner - the Swedish State - decided to provide a 3.15 billion kronor capital injection, and during the last few weeks of the quarter, the aviation market showed signs that a recovery had begun. Meanwhile, there are many indicators that the market is moving towards a new normal with new conditions following the pandemic.


Swedavias finansiella ställning stärks genom ägartillskott på 3.150 Mkr

Swedavias ägare, den svenska staten, föreslås lämna ett ägartillskott på 3.150 Mkr för att säkra Swedavias finansiella ställning.


Swedavia's financial position strengthened through SEK 3.15 billion shareholder contribution

Swedavia's owner, the Swedish State, proposes the provision of a shareholder contribution of 3.15 billion Swedish kronor to secure Swedavia's financial position.


Swedavias årsstämma väljer nya styrelseledamöter

Vid årsstämman i Swedavia AB onsdagen den 29 april 2020 valdes ett flertal nya styrelseledamöter. Swedavias styrelse består därmed av nio ledamöter.


Swedavias delårsrapport januari-mars 2020: Åtgärder för att möta dramatisk trafiknedgång

Under kvartalet som helhet reste 6,6 miljoner passagerare till eller från Swedavias flygplatser, men under andra halvan av mars avstannade nästintill all flygtrafik i covid-19-pandemins fotspår. Detta avspeglas i intäkterna och Swedavias nettoomsättning minskade under perioden till 1 245 miljoner kronor. Utöver det prioriterade arbetet med att bidra till att begränsa smittspridningen och värna liv och hälsa har kvartalet präglats av åtgärder för att anpassa verksamheten till ett minimum utifrån den drastiska trafiknedgången. Efter periodens utgång, den 29 april, beslutades att projekten för en ny pir och ett nytt bagagesystem på Stockholm Arlanda Airport ska pausas.


Swedavia's Interim Report January-March 2020: Measures to face the dramatic traffic downturn

During the quarter as whole, 6.6 million passengers flew to or from Swedavia's airports, but during the second half of March, all air traffic nearly came to a standstill as a result of the Covid-19 pandemic. This is reflected in sales revenue, with Swedavia's net revenue declining during the period to 1,245 million Swedish kronor. Along with the priority work to help limit the spread of the disease and ensure people's health and safety, the quarter was dominated by measures to adapt operations to a minimum based on the drastic downturn in traffic. After the end of the period, on April 29 the decision was made to pause the projects for a new pier and new baggage system at Stockholm Arlanda Airport.


Swedavia publicerar års- och hållbarhetsredovisning för 2019

Swedavias års- och hållbarhetsredovisning för 2019 finns från och med fredagen tillgänglig på Swedavias webb. Redovisningen beskriver Swedavias hållbarhetsarbete och utveckling under året, samt den finansiella ställningen vid årets utgång. Inledningen av 2020 präglas av covid-19 och en dramatisk nedgång i trafikutvecklingen och antal resenärer.


Swedavia publishes its Annual and Sustainability Report for 2019

Swedavia's Annual and Sustainability Report for 2019 is available as of Friday on Swedavia's website. The report describes Swedavia's sustainability work and performance during the year as well as its financial position at year-end. The beginning of 2020 has been dominated by the Covid-19 virus and a dramatic downturn in traffic and passenger volume.


Swedavia genomför åtgärdsprogram för att möta en dramatisk trafiknedgång

Swedavia har beslutat att genomföra ett åtgärdsprogram för att anpassa verksamheten till en dramatisk nedgång i antal resenärer i kombination med osäkra marknadsutsikter. Verksamheten i bolaget kommer att anpassas till ett minimum utifrån marknadssituationen och på de större flygplatserna koncentreras verksamheten tillfälligt till vissa delar. Samtidigt genomförs en total översyn av investeringsportföljen.


Swedavia to implement action programme in order to address dramatic decline in traffic

Swedavia has decided to implement an action programme in order to adapt its operations in the face of a dramatic decline in passenger volume combined with uncertain market prospects. Operations in the company will be adapted to a minimal level based on the market situation, and at the bigger airports, operations will be concentrated temporarily to certain sections. At the same time, a comprehensive review of the company's investment portfolio is being carried out.


Nina Linander ny styrelseledamot i Swedavia

Vid en extra bolagstämma i Swedavia AB, torsdagen den 13 februari, valdes Nina Linander till ny styrelseledamot.


Nina Linander new Board member

At an Extraordinary General Meeting of Swedavia AB held on February 13, Nina Linander was elected as a new Board member of the company.


Swedavias Bokslutskommuniké 2019: Stabilt resultat trots färre resenärer

Under 2019 reste drygt 40 miljoner passagerare till eller från Swedavias flygplatser. Nettoomsättningen under perioden ökade till drygt 6,2 miljarder kronor och rörelseresultatet till drygt 700 miljoner kronor. Året har präglats av satsningarna på att öka effektiviteten, utveckla flygplatserna och flygets klimatomställning.


Swedavia's Year-End Report 2019: Stable results despite fewer passengers

In 2019, more than 40 million passengers flew to or from Swedavia's airports. Net revenue for the period increased to more than 6.2 billion Swedish kronor and operating profit increased to more than 700 million kronor. The year was marked by investments to improve efficiency, develop the airports and help bring about the aviation industry's transformation in the face of climate change.


Swedavia ger ut grönt obligationslån på 1 miljard kronor

Som en av de första flygplatsoperatörerna i världen ger Swedavia ut ett grönt obligationslån för att finansiera projekt och satsningar inom klimatomställning och hållbarhet.


Swedavia issues SEK 1 billion green bond loan

Swedavia is one of the first airport operators in the world to issue a green bond loan to fund projects and investments in climate change adaptation and sustainability.


Swedavia emitterar hybridobligationer om 1 miljard SEK

EJ FÖR PUBLICERING, DISTRIBUTION ELLER OFFENTLIGGÖRANDE, DIREKT ELLER INDIREKT, I ELLER TILL USA, KANADA, JAPAN ELLER AUSTRALIEN, ELLER I ANNAT LAND DÄR PUBLICERINGEN, DISTRIBUTIONEN ELLER OFFENTLIGGÖRANDET SKULLE VARA OTILLÅTEN ELLER KRÄVA REGISTRERING ELLER ANDRA ÅTGÄRDER.


Swedavia issues SEK 1 bn subordinated capital securities

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.


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