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's first half of 2019 was dominated by new investments in the transformation of the aviation industry and its own operations in the face of climate change. For example, Swedavia promotes the use of renewable jet fuel, which sharply reduces fossil carbon dioxide emissions. Swedavia also has the target for all ten of its airports of zero fossil emissions in their own operations by 2020. Three of Swedavia's airports have already achieved this target.  

"There is no doubt that air travel needs to be transformed and become sustainable. Meanwhile, it is equally obvious that air travel will be an important transport mode in the future," says Jonas Abrahamsson, Swedavia's president and CEO.

At the same time, the pace of investment in Swedavia's development programmes has remained high. These investments are aimed at developing the airports in order for them to meet capacity needs today and in the future. A total of more than 17 billion kronor will be invested in Stockholm Arlanda Airport's development through 2025 in the programme launched there in 2014. This includes a new pier, marketplace and security checkpoint at Stockholm Arlanda Airport and the integration of Terminals 4 and 5.

"Our task is to safeguard and develop the access Sweden needs in a sustainable way. But growth and competitiveness are also important in order to successfully tackle the challenge of climate change in the long term," says Jonas Abrahamsson.

The number of passengers at Swedavia's ten airports totalled 19.6 million in the period January-June, which is a 4 per cent decrease compared to the same period last  year. This trend is explained primarily by a decrease in domestic air travel but comes after numerous years of very good growth in air travel.

For the six-month period, Swedavia reported net revenue of 3.1 billion kronor (2.9) and operating profit of 348 million kronor (331). Higher airport charges as a result of investments to increase capacity had a positive effect on results, while higher depreciation and amortisation as well as non-recurring costs as a result of Swedavia's cost reduction and change programme had a negative effect.

"The change to process-oriented operations in order to ensure improved efficiency, a way of working that has even more focus on the customer, and increased cost-effectiveness in both the short and long term is proceeding as planned," notes Jonas Abrahamsson.

Swedavia is now continuing its investments in sustainable air travel and innovation. During the autumn, Swedavia will begin work to analyse the effect of electric air travel on airport operations. Swedavia also participates in the consortium ELISE, whose mission is to develop electric air transport in Sweden.   

"In the short term, renewable jet fuel is the key to transforming aviation in the face of climate change, but in the longer term electrification will also be very important. A big breakthrough for electric aviation will have a major impact on us as an airport operator, so we will be active from the very start on issues concerning electric aviation and airport infrastructure," says Jonas Abrahamsson.

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

July 16, 2019

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

Swedavia AB (publ) is required to disclose the information in this six-month report under the EU Market Abuse Regulation and the Securities Market Act. The information was provided by the contact person above for publication on July 16, 2019, at 3:00 p.m. CEST. This is an English translation of the original Swedish text, which takes precedence in the event of a discrepancy.

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 has annual revenue of more than 5.7 billion Swedish kronor and some 3,100 employees.

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


Swedavia issues SEK 1 bn subordinated capital securities


Swedavia considers issue of SEK denominated hybrid bonds and green bonds

Swedavia has appointed financial advisors to investigate market conditions for issuing of hybrid bonds and of green bonds under the recently launched Swedavia Green Bond Framework.

Swedavias delårsrapport januari-september 2019: Förbättrat resultat och ett effektivare Swedavia

Mellan januari och september reste närmare 31 miljoner passagerare till eller från Swedavias flygplatser. Nettoomsättningen ökade under perioden till närmare 4,7 miljarder kronor och rörelseresultatet till drygt 720 miljoner kronor. Satsningarna på att utveckla flygplatserna, öka effektiviteten och flygets klimatomställning har samtidigt fortsatt, visar Swedavias delårsrapport.

Swedavia's interim report January-September 2019: Improved results and a more efficient Swedavia

From January to September, nearly 31 million passengers flew to or from Swedavia's airports. Net revenue increased during the period to nearly 4.7 billion Swedish kronor, and operating profit increased to more than 720 million kronor. Meanwhile, investments to develop the company's airports, increase efficiency and transform air travel in the face of climate change continued, as shown in Swedavia's interim report.

Swedavia lanserar ramverk för gröna obligationer

Swedavia lanserar ett ramverk som möjliggör för bolaget att för första gången emittera gröna obligationer. Syftet är att finansiera satsningar och projekt inom klimatomställning och hållbarhet. Ramverket har genomgått en oberoende extern granskning av centret för internationell klimatforskning, CICERO.

Swedavia launches Green Bond Framework

Swedavia is launching a framework that for the first time enables the company to issue green bonds. The aim is to finance investments and projects in climate change adaptation and sustainability. The framework has been subject to an independent external assessment by the Center for International Climate and Environmental Research (CICERO).

Swedavia säljer innehav i Landvetter Logistik Center med reavinst på 100 miljoner kronor

Swedavia säljer sin andel på 50 procent i Landvetter Logistik Center. Köpare är Bockasjö som äger hälften av aktierna sedan tidigare. Därmed har Swedavia realiserat en reavinst uppgående till totalt cirka 100 miljoner kronor från engagemanget i Landvetter Logistik Center. Försäljningen är i linje med Swedavias strategi att genom flygplatsnära fastighetsutveckling skapa värden för att återinvestera i flygplatsernas konkurrenskraft.

Swedavia sells holding in Landvetter Logistik Center for 100 million kronor capital gain

Swedavia has sold its 50 per cent holding in Landvetter Logistik Center. The buyer is Bockasjö, which already owned half of the shares in the joint venture. As a result, Swedavia has made a total capital gain of about 100 million kronor from its investment. The sale is line with Swedavia's strategy to create value by developing properties near its airports in order to reinvest in the competitiveness of its airports.

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 tecknar kreditfacilitet om 2 miljarder kronor

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 signs credit facility for SEK 2 billion

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 delårsrapport januari-mars 2019: Stabilt resultat och fokus på effektivare lösningar

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 publishes Annual and Sustainability Report for 2018

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.

Följ oss

Om beQuoted

beQuoted publicerar nyheter, analyser och pressmeddelanden för investerare och journalister. Viktiga företagshändelser bevakas av vår egen nyhetsredaktion och vidaredistribueras i ledande finansiella medier.

Vi uppdaterar även nyhetsrum, Investor Relations och IR-webbplatser för företag som vill utveckla sina relationer med finansmarknaden.

Kontakta oss

beQuoted AB
Sturegatan 32
114 36 Stockholm

08-692 21 90