Year-End Report January–December 2016
Year-end report January–December 2016 “Continued growth and a doubling in capital spending” Jonas Abrahamsson President and CEO KEY FINANCIAL DATA Year-end report January – December 2016 January–December 2016 ● During the full year, Swedavia’s airports had 39.5 million previous year includes operating profit from a property (37.6)1 passengers, which is a 5.2 per cent increase. Seven portfolio that was sold totalling SEK 117 M airports reached all-time highs ● The Group’s capital spending increased to SEK 2,138 M ● Net revenue totalled SEK 5,546 M (5,416) (1,120), which is a result of the higher investment pace of its ● Operating profit totalled SEK 966 M (1,755) and profit for the development programmes period was SEK 717 M (1,410). Profit in 2016 was affected ● In accordance with Swedavia’s dividend policy, the Board of by capital gains of SEK 241 M attributable to the sale of Directors proposes a dividend of SEK 0.09921 per share, for Göteborg City (Säve) Airport and TreDhotel. Profit in 2015 a total of about SEK 143 M was affected by a capital gain of SEK 918 M. Operating profit excluding capital gains totalled SEK 725 M (837). The KEY FINANCIAL DATA, GROUP 2 2016 2015 2016 2015 Oct-Dec Oct-Dec Jan-Dec Jan-Dec SEK M, unless otherwise indicated Net revenue 1,412 1,317 5,546 5,416 Operating profit 87 76 966 1,755 Operating profit, excluding capital gain -8 -22 725 837 Operating margin, % 6.2 5.8 17.4 32.4 Operating margin, excluding capital gain, % -0.6 -1.7 13.1 15.4 Profit for the period 47 145 717 1,410 Return on operating capital, % 8.6 14.5 8.6 14.5 Debt/equity ratio, times 0.7 0.7 0.7 0.7 Capital spending 841 430 2,138 1,120 Average number of employees 2,949 2,787 2,949 2,787 Passengers (million) 9.8 9.2 39.5 37.6 Operating costs per departing passenger, SEK 233.0 238.8 202.6 203.0 Commercial revenues per departing passenger, SEK 78.9 78.4 75.5 76.1 ¹ Figures in parentheses are results for the corresponding period for the previous year, except for liquidity and financial position, where the comparison is with the opening balance for the previous year.
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