Q1 traffic at Copenhagen Airport surges +13.4%; retail revenue up +5.6%

Passenger growth in the first quarter was mainly driven by international traffic

DENMARK. The first quarter of 2016 was the busiest in Copenhagen Airport’s history, while non-aeronautical revenues rose +8.2%.

Passenger traffic was up +13.4% year-on-year to 6,106,197 in the quarter, while the growth trend continued in April with a +7.6% rise (2,291,246 passengers).

Non-aeronautical growth was mainly attributed to a +13.4% increase in revenue from parking. Revenue from the shopping centre grew by +5.6%.

The growth in traffic volumes was mainly driven by international traffic. European traffic grew by +14.4% in the first quarter and +7.3% in April, while intercontinental traffic was up +11.2% and +8.5% respectively.

“We saw very strong growth in passenger numbers in Q1, in part due to a significant increase in the number of foreign passengers flying to Copenhagen, which benefits economic growth throughout Denmark,” said Copenhagen Airports CEO Thomas Woldbye.

Profit before tax for the first quarter, excluding one-off items, was DKK304.2 million (US$46.2 million), which represented a +24.7% year-on-year improvement.

Copenhagen Airports invested more than DKK 1.1 billion (US$167 million) in 2015 and said it would maintain a “very high” level of investment in 2016. Expansion of the central security checkpoint and of Terminal 2 commenced in the first quarter. Capital expenditure in Q1 totalled DKK 165.0 million (US$25 million).

Year-to-date traffic (end April) at Copenhagen Airport was up +11.7% and a total of 8,397,443 million passengers have travelled through the airport in the first four months of the year.

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