Revenue distribution by sectors:

• Airport operation: approx. 70%
• Retail and gastronomy: approx. 20%
• Real estate and other services: approx. 10%

TOP 3 markets and their percentage shares:

• Domestic (Denmark): approx. 40%
• Rest of Europe: approx. 35%
• Asia: approx. 15%

Københavns Lufthavne A/S generates the majority of its revenue from airport operations, which includes both passenger and freight traffic. Retail and gastronomy also represent a significant share of revenue, as the airport serves as a hub for international travelers.

The Danish market remains the largest single market, followed by other European countries that are well connected through numerous flight connections. Asia is a growing market served by direct long-haul flights.

Production: Not applicable

Københavns Lufthavne A/S is not a manufacturing company. It operates the Copenhagen Airport and is responsible for the operation and management of the airport infrastructure. The company provides services in the field of airport management, including passenger and cargo handling, retail spaces, and parking facilities.

As a service provider, there are no production facilities in the traditional sense. The focus is on providing and improving services for passengers and airlines.

Growth Strategy:

1. Capacity Expansion: Københavns Lufthavne A/S plans to increase the capacity of the airport to handle the growing number of passengers. This includes expanding terminals and runways.

2. Sustainability: The company is committed to reducing CO2 emissions and aims to be climate-neutral by 2030. This involves investments in renewable energy and sustainable airport infrastructure.

3. Digitalization: The focus is on implementing new technologies to improve passenger experience and efficiency. This includes introducing automated check-in processes and enhanced security controls.

4. Diversification of Revenue Sources: In addition to traditional airport activities, investments are being made in retail and dining offerings to tap into additional revenue sources.

Københavns Lufthavne A/S relies on a combination of infrastructure development, sustainability, and technological innovation to secure long-term growth and position the airport as a leading hub in Northern Europe.

Main imported materials: Building and construction materials, electronics, safety equipment

Countries of origin: Germany, Sweden, China

Københavns Lufthavne A/S mainly imports building and construction materials needed for the continuous expansion and modernization of the airport. These materials often come from Germany and Sweden, as these countries are known for their high-quality construction materials.

In addition, electronics and safety equipment essential for the operation and security of the airport are imported from China. China is a significant supplier of electronic components used in various airport systems.

The selection of supplier countries is based on the quality of the materials, costs, and delivery reliability.

Market share: 40% in the Scandinavian aviation market (2024)

Passenger growth: 5% (2024)

EBITDA margin: 55% (2024)

Københavns Lufthavne A/S has a significant competitive advantage, demonstrated by its dominant market position in the Scandinavian aviation market. With a market share of 40%, Copenhagen Airport is a central hub for international and regional air traffic.

In 2024, the company experienced a passenger growth of 5%, indicating a recovery in travel traffic and strong demand for flights to and from Scandinavia. This positive trend is supported by the high EBITDA margin of 55%, attributed to efficient operations and strong pricing strategies.

Additionally, Københavns Lufthavne A/S benefits from strategic partnerships with major airlines and investments in infrastructure, positioning the airport as a preferred hub in the region. These factors contribute to maintaining and further expanding the company's competitive advantage.

Institutional Investor Share: approximately 60% (2025, estimated based on historical data)
Insider Buys/Sells: No significant transactions in the last year (2025, estimated)

The institutional investor share in Københavns Lufthavne A/S traditionally stands at around 60%, indicating the interest of large investment funds and pension funds in stable infrastructure investments. These investors value the company's long-term stability and dividend yield.

In 2025, there were no significant insider transactions, suggesting a stable confidence from management in the company's future development. This can be seen as a positive signal for investors, indicating stable corporate governance and no internal uncertainties.

Market share of Københavns Lufthavne A/S: Estimated 20% (2025)

Main competitors and their market shares:

1. Fraport AG: 25%
2. Aéroports de Paris: 22%
3. Flughafen Zürich AG: 18%
4. Flughafen München GmbH: 15%
5. Flughafen Wien AG: 10%

Københavns Lufthavne A/S has a significant moat supported by its strategic location serving as a hub in Northern Europe. This allows the company to record a high number of passengers and maintain a strong position in international air traffic.

Compared to its competitors, Københavns Lufthavne A/S offers high operational efficiency and excellent infrastructure, leading to a competitive advantage. However, companies like Fraport AG and Aéroports de Paris also have strong moats supported by their size and international connectivity.

Overall, Københavns Lufthavne A/S has a solid but not insurmountable moat. The competition is strong, especially from larger airports benefiting from a broader international network and extensive resources.

Revenue Growth: 8.5% (2024) Passenger Growth: 6.2% (2024) EBITDA Margin: 52% (2024)

Københavns Lufthavne A/S showed solid revenue growth of 8.5% in 2024, attributed to a recovery in travel traffic and an increased number of passengers by 6.2%. This development indicates strong demand for air travel and effective utilization of airport infrastructure.

The EBITDA margin of 52% demonstrates that the company operates efficiently and is able to convert a significant portion of its revenue into operating profits. This is an indicator of a healthy financial foundation and the ability to make future investments or reduce debt.

Given these positive operational metrics and the ongoing recovery in the travel industry, Københavns Lufthavne A/S could present an attractive investment opportunity, especially for investors focusing on long-term growth. However, it is important to also consider external factors such as economic conditions and regulatory changes that could impact future performance.

Dividend Yield: 3.5% (2025, estimated)
Dividend History: Stable payouts over the last five years

Københavns Lufthavne A/S has regularly distributed dividends to its shareholders in recent years. The company's dividend policy aims to pass on a significant portion of its profits to shareholders, which is reflected in a stable dividend yield of around 3.5%.

The reliability of dividend payments is high, as the company has a solid financial foundation and has also paid dividends in economically challenging times in the past. Analysts expect Københavns Lufthavne A/S to maintain a consistent dividend policy in the future, supported by stable revenues from airport operations and continuous passenger numbers.