Strong traffic growth for Swedavia

Air travel to and from Swedavia’s airports continues to grow. Traffic growth during the third quarter of 2017 remained strong, and during the period passenger volume increased 7.1 per cent compared to last year.

A total of 11,579,000 passengers flew to or from Swedavia’s airports during the third quarter. Passenger volume was up eight per cent at Stockholm Arlanda Airport and nine per cent at Göteborg Landvetter Airport. During the summer months, passenger records were set at a number of the group’s airports, including Åre Östersund Airport and Visby Airport.

“Because of the summer passenger records at Swedavia’s airports, there have been major capacity challenges, the handling of which has exceeded expectations thanks to our employees’ hard, focused work,” says Jonas Abrahamsson, president and CEO of Swedavia.

The passenger increase helped boost consolidated net revenue during the period by 3.5 per cent to SEK 4,279 M (4,134). Adjusted for capital gains last year, operating profit increased SEK 41 M and the operating margin increased somewhat compared to last year. Return on operating capital was 6.8 per cent (8.9). Capital spending totalled SEK 2,584 M for the first nine months of the year, which is double the amount compared to last year.

A number of new international destinations were announced during the quarter. At Göteborg Landvetter Airport, two new international routes were announced late in the summer, and at Stockholm Arlanda Airport a new route to New Delhi, India, was launched along with three new seasonal routes.

Stockholm Arlanda and Göteborg Landvetter have both taken a major step forward in their development programmes. In late August, the new arrival hall at Bromma Stockholm Airport was inaugurated – an important element in modernising Bromma Stockholm and in ensuring the operating conditions needed for it to continue as an efficient, convenient city airport.

“To ensure access going forward, we are building the airports of the future, and our development programmes are now entering an intensive phase. As a result, the decision was made to establish an umbrella organisation with responsibility for carrying out these major development programmes,” says Jonas Abrahamsson, president and CEO of Swedavia.

For further information, please contact Ulrika Fager, Head of External Relations, Swedavia tel. 010-10 90 100

This is information that Swedavia AB is required to disclose under the EU Market Abuse Regulation. The information was provided by the above contact person for publication on October 30, 2017, at 5:00 p.m. CET.