Swedavias Interim Report for January-June 2022: Sharp upturn in travel - extensive measures to tackle operational challenges

The second quarter of the year was characterised by a strong recovery for air travel. Nearly eight million passengers flew via Swedavia's airports, nearly five times as many as during the same period last year. This trend contributed to an improvement in both revenue and profit for the quarter, but profit for the first six months of the year was negative and continued to be dominated by the effects of the Covid-19 pandemic. Extensive measures have been required to bolster operational activities in order to handle the sharp increase in travel which, as planned, has led to increased operating costs. Swedavia's development work to make Stockholm Arlanda Airport a more efficient and modern airport continued. During the quarter, a new milestone was reached when the new connecting walkway between Terminal 4 and Terminal 5 was inaugurated.

More than six million more passengers arrived at or departed from Swedavia's airports during the second quarter this year compared to the same period in 2021. Despite the strong recovery, the industry has a way to go before returning to the situation before the pandemic. The 7.7 million passengers at Swedavia's airports in the period April-June correspond to about 70 per cent of passenger volume during the second quarter of 2019.

"The recovery in the aviation market is good news for both passengers and an aviation industry hit hard by two years of the Covid pandemic, restricted travel and limited opportunities to meet. The sharp increase in travel within a short period of time has had a positive effect on Swedavia's earnings but has also entailed major challenges for us and other operators mainly at Stockholm Arlanda Airport, where we had the equivalent of 20 years of passenger growth in just a few months. Together, we have worked intensely to boost staffing and adjust operational activities for the increase in travel - work that continues with undiminished force," says Jonas Abrahamsson, president and CEO of Swedavia.

For the January-June period, Swedavia's net revenue totalled SEK 2,185 M, with an operating profit of SEK -258 M. For the quarter, net revenue totalled SEK 1,303 M, an increase of SEK 820 M compared to the second quarter of 2021. Operating profit for the quarter also improved to SEK 67 M. The expansion of operations at the airports in order to handle more passengers entailed increased operating costs. Cash flow from operating activities for the quarter was positive at SEK 153 M.

During the quarter, Swedavia continued to adjust the scale of operations to the increased travel. Measures to enhance Arlanda's capacity include opening Terminal 4 with a new walkway between Terminal 4 and 5 ahead of schedule. Swedavia has also implemented significant measures to bolster staffing in the short and long term with both permanent and additional temporary hires.

"Just like at many other airports in Europe, staffing challenges for many of the operators at the airport have at times entailed longer queues than normal for passengers mainly at Arlanda. Together with our business partners, we have done our utmost to best manage the situation, and we have carried out a number of extraordinary measures. The combination of resources added has had an impact both on the queues and crowding at Arlanda. Meanwhile, we continue to enhance national and international access in order to meet the strong demand following the restart after the pandemic. It is incredibly gratifying that a large number of airlines have chosen to focus on and invest in our airports and especially Arlanda, which continues to strengthen its market position for the future," says Jonas Abrahamsson.

The complete Interim Report is available on Swedavia's website under: About Swedavia - Financial information.

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 below for publication on July 19, 2022, at 5:00 p.m. CEST.

For further information, please contact Robert Pletzin, press officer at Swedavia, or Swedavia's press office at tel. +46 (0)10-109 01 00 or [email protected].

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 2.7 billion kronor in 2021 and has nearly 2,300 employees.

Återkrav av del av kapitaltillskott till Swedavia

Regeringen har fattat beslut om att ge Kammarkollegiet i uppdrag att återkräva cirka 880 MSEK av det kapitaltillskott om 2 500 MSEK som, utifrån ett tidigare bemyndigande av Riksdagen, utbetalades till Swedavia 23 oktober 2020.


Recovery of part of shareholder contribution to Swedavia

The Swedish government has decided to delegate the Swedish Legal, Financial and Administrative Services Agency with the task of recovering about SEK 880 M of the SEK 2.5 B shareholder contribution paid to Swedavia on October 23, 2020, based on authorisation given previously by the Swedish Parliament.


Swedavias halvårsrapport för januari-juni 2022: Kraftig uppgång i resandet - omfattande åtgärder för att hantera operativa utmaningar

Årets andra kvartal präglades av en stark återhämtning för flygresandet. Närmare 8 miljoner passagerare reste via Swedavias flygplatser, nästan fem gånger så många som under samma period förra året. Utvecklingen bidrog till en förbättring av såväl omsättning som resultat för kvartalet, men sexmånadersperiodens resultat är negativt och fortsatt präglat av pandemins effekter. Omfattande åtgärder har krävts för att stärka den operativa verksamheten för att möta ett kraftigt ökande resande, vilket planenligt har lett till ökade driftkostnader. Swedavias utvecklingsarbete för att göra Stockholm Arlanda Airport till en mer effektiv och modern flygplats har fortsatt. Under kvartalet nåddes en ny milstolpe då den nya förbindelsegången mellan Terminal 4 och Terminal 5 invigdes.


Swedavias Interim Report for January-June 2022: Sharp upturn in travel - extensive measures to tackle operational challenges

The second quarter of the year was characterised by a strong recovery for air travel. Nearly eight million passengers flew via Swedavia's airports, nearly five times as many as during the same period last year. This trend contributed to an improvement in both revenue and profit for the quarter, but profit for the first six months of the year was negative and continued to be dominated by the effects of the Covid-19 pandemic. Extensive measures have been required to bolster operational activities in order to handle the sharp increase in travel which, as planned, has led to increased operating costs. Swedavia's development work to make Stockholm Arlanda Airport a more efficient and modern airport continued. During the quarter, a new milestone was reached when the new connecting walkway between Terminal 4 and Terminal 5 was inaugurated.


Swedavia AB höll årsstämma

Måndagen den 25 april 2022 höll Swedavia AB årsstämma.


Swedavias delårsrapport för Q1 2022: Fortsatt resultatförbättring tack vare återhämtning

Återhämtningen i flygresandet fortsatte under det första kvartalet 2022. Fyra miljoner passagerare reste till eller från Swedavias flygplatser under årets första tre månader, vilket är fyra gånger fler än samma period förra året. Det bidrog till att nettoomsättningen fördubblades och till ett väsentligt förbättrat underliggande rörelseresultat. Periodens resultat var dock fortsatt starkt präglat av pandemins effekter och uppgick till -265 miljoner kronor. Swedavia fortsätter nu arbetet med att anpassa den operativa verksamheten för ett ökat flygresande.


Swedavia's Q1 2022 interim report: Continued improvement in earnings thanks to recovery

The recovery in air travel continued during the first quarter of 2022. Four million passengers flew to or from Swedavia's airports during the first three months of the year, which is four times more than during the same period last year. This led to a doubling of net revenue and significantly better underlying operating income. However, income for the period continued to be dominated by the effects of the Covid pandemic and totalled -265 million kronor. Swedavia now continues the work of adjusting its operating activities to increased air travel.


Swedavia publicerar års- och hållbarhetsredovisning för 2021

Swedavias års- och hållbarhetsredovisning för 2021 finns från och med idag tillgänglig på bolagets webb. 2021 präglades starkt av covid-19-pandemins effekter för bolaget, men redovisningen visar också på Swedavias fortsatta arbete med att förbli konkurrenskraftiga på en förändrad flygmarknad, stärka svensk flygtillgänglighet och flygets klimatomställningsarbete.


Swedavias bokslutskommuniké 2021: Stark avslutning på ännu ett tufft år präglat av pandemin - kraftigt ökad omsättning och minskad förlust under det fjärde kvartalet

Swedavia redovisar ett väsentligt förbättrat resultat för det fjärde kvartalet 2021, tack vare ett ökat flygresande framförallt i slutet av året och en fortsatt god kostnadskontroll. Sammantaget präglades dock 2021 starkt av pandemins effekter och Swedavia redovisar för helåret en förlust på 1,4 miljarder kronor före skatt. Trots en fortsatt stor ovisshet gör slopade restriktioner och en allt mer gynnsam pandemisituation att möjligheterna för en fortsatt återhämtning på flygmarknaden är goda under det kommande året.


Swedavia's Year-End Report 2021: Strong end to another tough year dominated by the pandemic - sharply higher revenue and a smaller loss during the fourth quarter

Swedavia has reported significantly better results for the fourth quarter of 2021, thanks to increased air travel mainly at the end of the year and continued good cost control. However, overall 2021 was dominated by the effects of the Covid pandemic, and Swedavia has reported a 1.4 billion kronor pre-tax loss for the full year. Despite continued great uncertainty, given the lifting of restrictions and an increasingly more favourable pandemic situation, there is good potential for a continued recovery in the aviation market in the year ahead.


Swedavia emitterar hybridobligationer om SEK 2,5 miljarder

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 har framgångsrikt emitterat SEK 2,5 miljarder efterställda hybridobligationer med en evig löptid och första inlösenmöjlighet efter 5 år (non-call 5 year). Hybridobligationen har likviddag 17 november och lånebeloppet ska användas till Swedavias löpande verksamhet, inklusive att återbetala befintlig skuld samt finansiering av investeringar.


Swedavia AB (publ) överväger att ge ut hybridobligationer

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 AB (publ) considers hybrid bond issue

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 BY UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.


Swedavias delårsrapport för det tredje kvartalet 2021: Positivt kassaflöde tack vare ökat resande och god kostnadskontroll

Under det tredje kvartalet ökade trafiken vid Swedavias flygplatser i takt med att länder öppnade upp och reserestriktioner lättades. Nettoomsättningen uppgick till 793 miljoner kronor, drygt 70 procent högre jämfört med ett år sedan, och kassaflödet från den löpande verksamheten var, exkluderat statliga stöd, positivt för första gången sedan pandemins början. De positiva tecknen till trots är marknadsläget fortsatt osäkert och Swedavia redovisar för sjätte kvartalet i följd en förlust och ett negativt rörelseresultat på -250 miljoner kronor.


Swedavia's Q3 2021 report: Positive cash flow thanks to increased travel and good cost control

During the third quarter, traffic at Swedavia's airports increased as countries have opened up and travel restrictions have been eased. Net revenue totalled 793 million Swedish kronor, more than 70 per cent higher compared to a year ago, and cash flow from operating activities, excluding State aid, was positive for the first time since the start of the pandemic. Despite these positive signs, the market situation remains uncertain, and Swedavia reported a loss for the sixth straight quarter, with an operating loss of 250 million kronor.


Swedavias halvårsrapport för januari-juni 2021: Försiktig återhämtning men fortsatt stor osäkerhet

Trots en påtaglig ljusning under andra kvartalets senare del är Swedavias verksamhet fortsatt mycket kraftigt påverkad av covid-19-pandemins effekter. Bolagets nettoomsättning uppgick under kvartalet till 483 MSEK. Rörelseresultat uppgick till -489 MSEK. För femte kvartalet i rad redovisar bolaget därmed en betydande förlust och trots att återhämtningen inletts är situationen fortfarande ansträngd.


Swedavia's interim report for January-June 2021: Cautious recovery but continued great uncertainty

Despite a significant improvement during the latter part of the second quarter, Swedavia's operations continue to be severely impacted by the effects of the Covid-19 pandemic. The company's net revenue for the quarter totalled SEK 483 M. Operating profit was SEK -489 M. The company thus reported a significant loss for the fifth straight quarter, and in spite of the start of the recovery the situation is still strained.


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