DENMARK. Copenhagen Airports today reported a +3.9% climb in first-half concession revenue from its Shopping Centre, to DKK367.6 million (US$55.3 million).
The company said that key reasons included an increase in the number of departing passengers and an improved shop and brand mix among speciality shops and restaurants. Passenger traffic leapt by +11% to 13.7 million, a new record for the half.
The company noted: “The speciality shop concept has been optimised by an expanded product mix, including new shops such as Sunglass Hut and a completely new category, JD Sports, and new locations for shops such as Rolling Luggage and Illums Bolighus (Center of Modern Design). The restaurant segment has been optimised to include Murphy’s, O’Learys and a 7-Eleven unit in the Go terminal, which all opened last year and are now having a positive impact, providing passengers with more choice.”
Duty and tax free store revenues were on a par with 2015, said the airport company.
Parking revenue grew by +13.3%, driven by a strengthening of online and media marketing, including in Sweden, and by the increase in passenger numbers. A revised price structure has helped increase average transaction value, said Copenhagen Airports.
Overall, concession revenue climbed by +7.3% year-on-year to DKK574.8 million (US$86.4 million), while non-aeronautical revenue as a whole rose by +7.9% to DKK878.4 million (US$132.1 million).
“The significant growth [in passengers] shows the improved connectivity of Denmark not only for Danes but also for foreign tourists and business travellers. This is a key area of focus for CPH, and we’re delighted that our strategy to improve Denmark’s connectivity is bearing fruit,” said Copenhagen Airports CEO Thomas Woldbye.
Since this time last year, 40 new routes out of Copenhagen have opened. These include routes to destinations such as Boston, Sofia, Skopje and Yekaterinburg, and additional airlines flying to existing destinations such as Rome, Madrid and Istanbul.
Company revenue in total climbed by +10.1% in the half, EBITDA grew by +13% with pre-tax profits up by +20%.
