Announcement to the
Copenhagen Stock Exchange
2008/2
18 February 2008
Group Annual Report 2007 announcement
•Operating and financial performance in 2007 was in line with expectations when
excluding one-off items
•Passenger numbers at Copenhagen Airport rose by 2.5%
•Revenue increased by 1.4% to DKK 2,924.6 million as traffic revenue increased
by 4.0% partly offset by 3.7% decrease in concession revenue
•Excluding one-off items EBIT amounted to DKK 1,285.5 million. Including
one-off items EBIT amounted to DKK 1,430.4 million
•Profit from investments after tax rose to DKK 50.1 million as 2006 was
affected by refinancing in Newcastle International Airport
•Profit before tax, excluding one-off items, amounted to DKK 1,206.7,
equivalent to an increase of 0.5%. Including one-off items profit before tax
amounted to DKK 1,351.6 million
•Excluding one-off items profit after tax increased by 13.9% and amounted to
DKK 1,001.0 million. Including one-off items profit after tax amounted to DKK
1,112.5 million
•Capital expenditure of DKK 825.7 million was undertaken in 2007
•Significant investments in the new central security checkpoint facility,
increased baggage capacity, check-in assistance for airlines and other
operating areas have lifted the quality of service and passenger satisfaction
•Based on expected traffic growth of 2-4% at Copenhagen Airport, operating
performance is expected to increase in 2008 when excluding one-off items.
However, due to the impact of increased depreciation as a result of the
significant investments and the reduction in international profit resulting
from the sale of international assets during 2007, pre-tax profit for 2008
(excluding one-off items and the impact of tax changes in the UK) is only
expected to be slightly higher than 2007
•The Supervisory Board recommends that the Annual General Meeting approves an
unchanged dividend policy with a payout ratio of 100%, equivalent to a dividend
of DKK 912.5 million or DKK 116.3 per share (2006: DKK 105.3), taking into
account the interim dividend of DKK 200 million paid out in connection with the
interim financial statements for the six months ended 30 June 2007
•The Annual General Meeting will be held on 27 March 2008
The Group Annual Report is enclosed in Pdf-format
Copenhagen Airports
Henrik Gürtler Brian Petersen
Chairman President & CEO
