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).

"Early in the third quarter, we saw some rebound in demand, but that unfortunately stalled and passenger numbers are still historically low. Because of the unique situation we are in, Swedavia faces serious hardships as a company, since we are entirely reliant on revenue from airport operations. We implemented forceful measures early on to adapt to the new conditions. But when air travel basically comes to a standstill, we lose our revenue, which is reflected in the results for the period," says Jonas Abrahamsson, Swedavia's president and CEO.

During the third quarter, Swedavia continued its work to cut costs and carry out many of the redundancies announced in March, and also adapt its organisational structure to ensure the company's competitiveness in the future as well. This work will continue during the fourth quarter. The shareholder contribution decided by the Swedish government is also absolutely necessary for Swedavia's ability to fulfil its mission.

"Most indications are that it will take several years before air travel approaches pre-pandemic levels. At the same time, national and international connectivity is absolutely crucial to successfully restarting societies and economies. Sweden is an export-dependent country, and good air links with the rest of the world are essential. So it is worrisome that the recovery in air travel has now stalled, after a temporary upswing during the summer," says Jonas Abrahamsson.

"Limiting the spread of the virus is the top priority at Swedavia's airports. But we also see how infection control measures vary between countries and over time, which makes travel difficult even in those cases where travel is possible or necessary. The need for coordination and not least an internationally harmonised approach to safe travel are thus vital to enable a restart of the world's economies," notes Jonas Abrahamsson.

For the period January-September, Swedavia had net revenue of SEK 2,040 M (4,671) and a negative operating profit of SEK -717 M (721), which was SEK 1,438 M lower than for the same period last year. During the period, 8,718,000 passengers flew to or from Swedavia's airports (30.8 million), which is a decrease of 72 per cent compared to the same period last year. For the third quarter, the decrease was 84 per cent.

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

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

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 October 30, 2020, at 2:00 p.m. CET.

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.


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.


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