TR Business - Luke Barras-Hill
Copenhagen Airport (CPH) tilted back into the black in the third quarter as shopping revenues surged 231% in the first nine months of 2022 year-on-year to DKK 487 million/US$65 million.
Profit of DKK 234 million/$31.2 million before tax in Q3 marks the first time since 2020 that CPH has turned a profit after borrowing DKK 2.2bn to maintain and invest in the airport in the first two years of the Covid-19 crisis.
Non-aeronautical revenue totalled DKK 499m for the period, a 75% jump versus Q3 2021.
Concession revenue in Q3 totalled DKK 327m, a rise of 92% compared with Q3 2021.
Revenue for the quarter increased 71% compared with the same period on 2021 to reach DKK 1,071m.