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“In many cases, we now can offer passengers products from global brands, such as Capi, Lavazza Espression and Victoria’s Secret, since these companies have chosen our airports as their primary location for starting up operations in Scandinavia“ |
Torborg Chetkovich President & CEO Swedavia |
SWEDEN. Stockholm Arlanda Airport operator Swedavia is considering expanding Terminal 5 at the hub, as it continues to benefit from a growth in leisure travel.
The company’s President and CEO Torborg Chetkovich noted the prospect in her introduction to Swedavia’s interim report, which showed increases in total revenues, retail and F&B revenues and profits.
Net revenues increased by +6.4% year-on-year to SEK2,561 million (US$392.7 million) in the first six months of 2013. During the same period, the operating profit increased +9.1% to SEK408 million (US$62.6 million).
Meanwhile, retail and F&B revenues rose +3.4% to SEK303 million (US$46.5 million), with car parking revenues up +5.1% to SEK328 million (US$50.3 million).
Between January and June, 16.2 million passengers passed through Swedavia’s airports, up +0.9% on the same period last year.
In April, Swedavia inaugurated the new Terminal 2 at Stockholm Arlanda, following a renovation that included a 2,000sq m expansion and a new retail line-up, as reported.
Commenting on this and other developments in the interim report, Chetkovich said: “In addition to the potential for our partners’ business and growth, it provides an attractive atmosphere for both business and leisure travellers, particularly through an expanded offering of commercial services in the form of shops and restaurants.
“In many cases, we now can also offer passengers products from global brands, such as Capi, Lavazza Espression and Victoria’s Secret, since these companies have chosen our airports as their primary location for starting up operations in Scandinavia.
“These openings confirm the attractiveness of our international hubs Stockholm Arlanda Airport and Göteborg Landvetter Airport.”
She added that an expansion of Terminal 5 at Stockholm Arlanda Airport was “being evaluated in light of the strong growth in leisure travel”.
In addition to the Terminal 2 opening, another key recent development for the company was the acquisition (on 4 June) of the outstanding shares and participation rights in the real estate company NAP from GEGAC Viking AB. NAP owns and administers buildings and leases at Stockholm Arlanda Airport.
“With this acquisition, there is increased potential for Swedavia’s customers to develop their operations in properties well suited to their needs,” said Chetkovich.
Meanwhile, on 17 June it sold Sundsvall Härnösand Airport to the Municipalities of Sundsvall and Timrå, meaning Swedavia now operates ten airports in Sweden.
Note: A major feature on commercial operations at Stockholm-Arlanda and Gothenburg airports will appear in the Cannes Print Edition of The Moodie Report. This follows our visit there last week in the company of Arlanda-Schiphol Development Company. In this major review we will report on the big investments in F&B and retail being undertaken, or just completed, at the country’s two biggest airports.
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