Swedavia's First Quarter 2021 interim report: Dramatic decline in traffic and continued heavy losses despite measures and aid

Swedavia's first quarter results were strongly affected by the impact of the Covid-19 pandemic on travel. During the period, travel at the company's airports decreased 86 per cent, thus making it the fourth straight quarter that Swedavia has reported a loss. Operating profit was SEK -381 M. The company's net revenue decreased 63 per cent to SEK 457 M (SEK 1,245 M).

"It continues to be a very difficult situation for all operators in the aviation market, including Swedavia. We have taken robust measures to cut our costs by up to one billion Swedish kronor on an annual basis, but this could only partly offset the effects of Covid-19 on our results. It is now critical that the vaccination programmes around the world are successful and that well-functioning internationally harmonised health certificates for travel can be launched. The faster this is in place, the faster the chances will increase of people being able to travel and meet again," says Jonas Abrahamsson, president and CEO of Swedavia.

During the first quarter of 2021, 954,000 passengers flew to or from Swedavia's airports. That is a decrease of 86 per cent, or nearly 5.7 million passengers, compared to the same period last year, which was affected to only a minor extent by the pandemic. Net revenue totalled SEK 457 M (SEK 1,245 M) and was 63 per cent lower compared to the first quarter of 2020. Operating profit was SEK -381 M (SEK 275 M) and was positively affected by, among other things, state restructuring aid of SEK 239 M.

On April 21, the Swedish government announced that work will be carried out to close Bromma Stockholm Airport ahead of time and a commission is now being appointed to analyse the conditions for this and for ensuring future capacity at Stockholm Arlanda Airport.

Last year, Swedavia was asked by its owner to describe the consequences of a potential political decision to close Bromma ahead of time based on the company's commercial considerations. In its analysis, Swedavia concluded that a consolidation of Stockholm's air capacity at Stockholm Arlanda Airport was preferable in order to ensure long-term competitiveness and access, provided that Arlanda had the long-term conditions needed to develop in line with the needs of society.

"To ensure long-term sustainable airport capacity in Sweden, Arlanda must be given clear conditions in order to develop in line with the needs of the market and society. This applies to the airport itself, but also to transport to and from Arlanda - for example, rail traffic. From a rail traffic perspective, it is thus troubling that the infrastructure proposal recently put forth by the government does not at all consider the crucial enhancements needed for Swedish access or otherwise take into account the airport's role in an efficient intermodal transport system," says Jonas Abrahamsson.

"Just as with all long-term infrastructure decisions, it is desirable to have political support that is as broad as possible to create clarity and predictability for all operators involved," says Jonas Abrahamsson.

The complete quarterly report is available on Swedavia's website: About Swedavia - Financial information: www.swedavia.se/about-swedavia/financial-information/.

This is information that Swedavia AB (publ) is required to disclose under the EU Market Abuse Regulation and the Securities Market Act. The information was provided by the contact person above for publication on April 28, 2021, at 1:00 p.m. CEST.

For further information, please contact Robert Pletzin, Head of Media Relations at Swedavia, or Swedavia's press office at +46 (0)10-109 01 00 or press@swedavia.se.

The Swedavia Group owns, operates and develops ten airports across Sweden. Our role is to create the access Sweden needs to facilitate travel, business and meetings. Safe, satisfied passengers are the foundation of Swedavia's business. Swedavia is a world leader in developing airports with the least possible environmental impact. The Group had revenue of about 2.5 billion kronor in 2020 and has nearly 2,600 employees.

Swedavia höll årsstämma

Onsdagen den 28 april 2021 höll Swedavia AB årsstämma.

Swedavias delårsrapport för första kvartalet 2021: Dramatiskt minskat resande och fortsatt kraftiga förluster trots åtgärder och stöd

Swedavias resultat för första kvartalet är kraftigt påverkat av covid-19-pandemins effekter på resandet. Resandet vid bolagets flygplatser minskade under perioden med 86 procent, vilket får till följd att Swedavia för fjärde kvartalet i följd redovisar en förlust. Rörelseresultatet uppgår till -381 MSEK. Bolagets nettoomsättning minskade med 63 procent till 457 MSEK (1 245 MSEK).

Swedavia's First Quarter 2021 interim report: Dramatic decline in traffic and continued heavy losses despite measures and aid

Swedavia's first quarter results were strongly affected by the impact of the Covid-19 pandemic on travel. During the period, travel at the company's airports decreased 86 per cent, thus making it the fourth straight quarter that Swedavia has reported a loss. Operating profit was SEK -381 M. The company's net revenue decreased 63 per cent to SEK 457 M (SEK 1,245 M).

Swedavia når milstolpe i klimatomställningsarbetet - Swedavias egen flygplatsverksamhet nu fossilfri

Strax före årsskiftet och som en av de första flygplatsoperatörerna i världen blev den verksamhet som drivs i Swedavias regi vid bolagets tio flygplatser fossilfri. Det konstaterar bolaget i sin års- och hållbarhetsredovisning för 2020. Swedavia arbetar nu vidare med att stötta andra flygplatsaktörer att ställa om, med särskilt fokus på flygets klimatomställning.

Swedavia reaches milestone in its climate work - Swedavia's own airport operations now fossil-free

Just before the end of last year, Swedavia became one of the first airport operators in the world to have the operations it runs under its own management at its ten airports be fossil-free. The company notes this milestone in its Annual and Sustainability Report 2020. Swedavia is now extending that work to supporting other companies and organisations at its airports in transforming their operations, with a special focus on reducing climate impact of the Swedish aviation industry.

Swedavias bokslutskommuniké 2020: Historisk förlust till följd av pandemin - trots tidiga och kraftfulla åtgärder

Swedavias bokslutskommuniké för 2020 präglas av covid-19-pandemins historiska påverkan på flygresandet och Swedavias egen verksamhet. Swedavia gick in i krisen med en god finansiell ställning och vidtog tidigt drastiska åtgärder, men redovisar trots det en förlust före skatt på närmare 1,7 miljarder kronor. Även inledningen av 2021 präglas starkt av pandemin, med mycket låga resandenivåer.

Swedavia's Year-End Report 2020: Historic loss due to pandemic - despite early, forceful measures

Swedavia's Year-End Report for 2020 is dominated by the historic impact of the Covid-19 pandemic on air travel and Swedavia's own operations. Swedavia entered the crisis with a good financial position and carried out drastic measures, but is nonetheless reporting a pre-tax loss of almost 1.7 billion Swedish kronor. The pandemic has also dominated the start of 2021, with very low passenger levels.

Swedavia säkrar finansiering genom Nordiska investeringsbanken

Swedavia och Nordiska investeringsbanken (NIB) har tecknat ett låneavtal på 500 miljoner kronor.

Swedavia secures financing through Nordic Investment Bank

Swedavia and the Nordic Investment Bank (NIB) have signed a SEK 500 million loan agreement.

Swedavias delårsrapport för januari-september 2020: Långsam återhämtning och hög osäkerhet

Swedavias delårsrapport för januari-september 2020 präglas av covidpandemins dramatiska effekter på flygresandet och Swedavias verksamhet. Under perioden reste 8,7 miljoner resenärer vid Swedavias flygplatser, en minskning med hela 22 miljoner resenärer jämfört med föregående år. Nettoomsättningen minskade till 2 040 MSEK (4 671) och rörelseresultatet blev -717 MSEK (721). Exklusive omstruktureringskostnader och realisationsvinster uppgick rörelseresultatet till -1 098 MSEK (775).

Swedavia's Interim Report for January-September 2020: Slow recovery and high level of uncertainty

Swedavia's Interim Report for January-September 2020 is dominated by the dramatic effects of the Covid-19 pandemic on air travel and Swedavia's operations. During the period, 8.7 million passengers flew to or from Swedavia's airports, a decrease of a full 22 million passengers compared to the same period in 2019. Net revenue decreased to SEK 2,040 M (4,671) and operating profit was SEK -717 M (721). Excluding restructuring costs and capital gains, operating profit was SEK -1,098 M (775).

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.

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