Reported Earnings • May 15
First quarter 2026 earnings released: EPS: kr.19.00 (vs kr.10.70 in 1Q 2025) First quarter 2026 results: EPS: kr.19.00 (up from kr.10.70 in 1Q 2025). Revenue: kr.1.20b (up 12% from 1Q 2025). Net income: kr.146.0m (up 97% from 1Q 2025). Profit margin: 12% (up from 6.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Apr 30
Københavns Lufthavne A/S Elects Board Members Københavns Lufthavne A/S at its AGM held on April 29, 2026, approved the election of Claus Jensen as new member of the board of directors Birgit Otto was elected as deputy chairman. Aankondiging • Apr 24
Copenhagen Airports A/S Announces Chairman of Board of Directors, Lars Nørby Johansen Not Standing for Re-Election Copenhagen Airports A/S announced that Lars Nørby Johansen, who has been chairman of the board of directors of Copenhagen Airports A/S since 2014, has informed the board of directors that he will not stand for re-election at the annual general meeting. The decision not to stand for re-election has been taken in accordance with the Corporate Governance recommendations, as Lars Nørby Johansen will no longer be considered an independent board member following the annual general meeting in 2026. Aankondiging • Apr 08
Københavns Lufthavne A/S, Annual General Meeting, Apr 29, 2026 Københavns Lufthavne A/S, Annual General Meeting, Apr 29, 2026, at 15:00 Romance Standard Time. Location: kobenhavns lufthavne, vilhelm lauritzen alle 1, dk-2770 kastrup, Denmark Reported Earnings • Mar 15
Full year 2025 earnings released: EPS: kr.158 (vs kr.129 in FY 2024) Full year 2025 results: EPS: kr.158 (up from kr.129 in FY 2024). Revenue: kr.5.52b (up 8.9% from FY 2024). Net income: kr.1.22b (up 20% from FY 2024). Profit margin: 22% (up from 20% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Jan 08
Copenhagen Airports A/S Announces Change in Employee-Elected Board Member Copenhagen Airports A/S announced that employee-elected member of the Board of Directors, Betina Hvolbøl Thomsen, resigned from the Board of Directors on December 31, 2025, as she resigned from her position at Copenhagen Airports A/S. Betina Hvolbøl Thomsen has been an employee-elected member of the Board of Directors since 2019. Airport Guard Michael Marott Bock, who has been an employee-elected alternate since April 2019, has taken over as a new employee-elected member of the Board of Directors on January 1, 2026. Michael Marott Bock has been employed at Copenhagen Airports A/S since 2007 and has previously served as employee-elected member of the Board of Directors from February 2022 to March 2023. Aankondiging • Dec 11
Ministry of Finance (Denmark) completed the acquisition of remaining 1.45% stake in Københavns Lufthavne A/S (CPSE:KBHL). Ministry of Finance (Denmark) proposed to acquire remaining 1.45% stake in Københavns Lufthavne A/S (CPSE:KBHL) for approximately DKK 790 million on September 30, 2025. The purchase price will be finally determined as soon as practicable and, if possible, prior to the announcement of the Mandatory Tender Offer. Based on the currently estimated purchase price for ATP’s shareholding, the offer price will amount to approximately DKK 6,933.22 per Share. No assurance can be given that the final offer price per Share will not deviate from this amount. Further information regarding the offer price will be set out in the Offer Document. The tender offer will be launched for DKK 6918.67 in cash per share. The tender offer will commence on October 28, 2025 and will close on December 10, 2025. Upon completion, Ministry Finance (Denmark) will own 100% stake in Københavns Lufthavne A/S and the shares will be delisted from Nasdaq Copenhagen. The Offeror does not plan to exercise its right to initiate a compulsory acquisition. However, as long as the Offeror's shareholding meets the compulsory acquisition provisions of the Danish Companies Act, the Offeror reserves the right to initiate a compulsory acquisition if it is considered to be in the Offeror's best interest. The minority Shareholders may, if the Offeror's shareholding remains above 90%, at any time demand that the Offeror redeems such Shareholders’ Shares in accordance with applicable Danish law.
The Mandatory Tender Offer will not be subject to any conditions.
Ministry of Finance (Denmark) completed the acquisition of remaining 1.45% stake in Københavns Lufthavne A/S (CPSE:KBHL) on December 10, 2025. The trading day for settlement of the Mandatory Tender Offer is expected to be two business days after announcement of the final result, which will be on December 17, 2025, if the final result is announced on December 15, 2025. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: kr.66.00 (vs kr.56.00 in 3Q 2024) Third quarter 2025 results: EPS: kr.66.00 (up from kr.56.00 in 3Q 2024). Revenue: kr.1.61b (up 9.7% from 3Q 2024). Net income: kr.513.0m (up 19% from 3Q 2024). Profit margin: 32% (up from 30% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 23
Copenhagen Airports A/S Announces Board Changes Copenhagen Airports A/S at its extraordinary general meeting held on 23 October 2025, Niels Konstantin Jensen, David Mark Stanton and Janis Carol Kong have resigned from the board of directors with effect from 23 October 2025. Anne Louise Eberhard and Lars Sandahl Sørensen were elected as deputy chairman of the board of directors. Birgit Otto, Anne Skovbro, Henrik Dam Kristensen and Michael Holm were elected as members of the board of directors. The board of directors also consists of the chairman of the board of directors, Lars Nørby Johansen, and the employee representatives Betina Hvolbøl Thomsen, Brian Bjørnø, and Michael Eriksen. The employee representatives had been elected for the period until 2027. Aankondiging • Oct 16
Københavns Lufthavne A/S Announces Board Resignations, Effective October 23, 2025 Københavns Lufthavne A/S announced that Niels Konstantin Jensen, David Mark Stanton and Janis Carol Kong will resign from the board of directors effective as of 23 October 2025. Lars Nørby Johansen will continue as chairman of the board of directors and is therefore not standing for re-election. Aankondiging • Oct 03
Københavns Lufthavne A/S(CPSE:KBHL) dropped from OMX Nordic All-Share Index Københavns Lufthavne A/S has been dropped from the OMX Nordic All- Share Index. Aankondiging • Oct 01
Ministry of Finance (Denmark) completed the acquisition of an additional 59.35% stake in Københavns Lufthavne A/S (CPSE:KBHL) from Arbejdsmarkedets Tillægspension (Atp). Ministry of Finance (Denmark) entered into conditional share purchase agreement to acquire an additional 59.35% stake in Københavns Lufthavne A/S (CPSE:KBHL) from Arbejdsmarkedets Tillægspension (Atp) on December 2, 2024. Upon completion, Ministry Finance (Denmark) will own 98.60% stake in Københavns Lufthavne A/S. Implementation is conditional on obtaining the relevant regulatory approvals. Carsten Heinild and Frederik Jespersen of Skandinaviska Enskilda Banken acted as financial advisor to Danish State, represented by the Danish Ministry of Finance. As of April 8, 2025, Arbejdsmarkedets Tillægspension (ATP) has notified Copenhagen Airports A/S that ATP has received an advance ruling from the Danish Financial Supervisory Authority regarding an exemption from the obligation to make an offer in connection with ATP's expected indirect acquisition of control of Copenhagen Airports A/S. Upon completion of that transaction, the Danish state shall make a mandatory offer to the minority shareholders of Copenhagen Airports A/S. The said agreement between ATP and the Danish state not be completed within the period stipulated by the Danish Financial Supervisory Authority, ATP will according to the conditional exemption be obliged to make a mandatory offer to the minority shareholders. As on July 17, 2025, the transaction is approved by European Commission. As on August 11, 2025, Copenhagen Airports A/S announces that the company today received the attached notice from ATP, stating that the conditions applicable to the transfer of ATP’s controlling shareholding of Copenhagen Airports A/S to the Danish state are now fulfilled entailing that the transfer can be completed.
Ministry of Finance (Denmark) completed the acquisition of an additional 59.35% stake in Københavns Lufthavne A/S (CPSE:KBHL) from Arbejdsmarkedets Tillægspension (Atp) on September 30, 2025. The Ministry of Finance hereby announces that today the Ministry of Finance has acquired in aggregate 4,657,549 shares in Københavns Lufthavne from Copenhagen Airports Denmark ApS, corresponding to approximately 59.35% of the shares. Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: kr.49.00 (vs kr.39.40 in 2Q 2024) Second quarter 2025 results: EPS: kr.49.00 (up from kr.39.40 in 2Q 2024). Revenue: kr.1.47b (up 11% from 2Q 2024). Net income: kr.377.0m (up 24% from 2Q 2024). Profit margin: 26% (up from 23% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: kr.10.00 (vs kr.10.00 in 1Q 2024) First quarter 2025 results: EPS: kr.10.00 (in line with 1Q 2024). Revenue: kr.1.08b (up 3.8% from 1Q 2024). Net income: kr.74.0m (up 5.7% from 1Q 2024). Profit margin: 6.9% (up from 6.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Apr 09
Københavns Lufthavne A/S, Annual General Meeting, Apr 08, 2025 Københavns Lufthavne A/S, Annual General Meeting, Apr 08, 2025, at 15:00 Romance Standard Time. Aankondiging • Apr 08
Copenhagen Airports A/S Announces Charles Thomazi Would Not Stand for Re-Election Copenhagen Airports A/S at its annual general meeting held on April 8, 2025 announced that prior to the annual general meeting, Charles Thomazi announced that he would not stand for re-election. Upcoming Dividend • Apr 02
Upcoming dividend of kr.25.48 per share Eligible shareholders must have bought the stock before 09 April 2025. Payment date: 11 April 2025. The company last paid an ordinary dividend in February 2015. The average dividend yield among industry peers is 4.1%. Aankondiging • Mar 27
Københavns Lufthavne A/S announces Annual dividend, payable on April 11, 2025 Københavns Lufthavne A/S announced Annual dividend of DKK 25.4800 per share payable on April 11, 2025, ex-date on April 09, 2025 and record date on April 10, 2025. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: kr.133 (vs kr.33.64 in FY 2023) Full year 2024 results: EPS: kr.133 (up from kr.33.64 in FY 2023). Revenue: kr.5.07b (up 25% from FY 2023). Net income: kr.1.02b (up 285% from FY 2023). Profit margin: 20% (up from 6.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Dec 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Danish stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (17% average weekly change). Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: kr.56.00 (vs kr.29.80 in 3Q 2023) Third quarter 2024 results: EPS: kr.56.00 (up from kr.29.80 in 3Q 2023). Revenue: kr.1.47b (up 26% from 3Q 2023). Net income: kr.433.0m (up 89% from 3Q 2023). Profit margin: 30% (up from 20% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Aankondiging • Sep 03
Københavns Lufthavne A/S Provides Earnings Guidance for Full Year 2024 Københavns Lufthavne A/S provided earnings guidance for full year 2024. For the year, the company Revenue is expected to grow at around 24% in 2024 (up from 20%), primarily driven by an increase in passenger numbers. CPH now expects approximately 29.8 million (up from 29.0 million) passengers in 2024. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: kr.39.00 (vs kr.16.50 in 2Q 2023) Second quarter 2024 results: EPS: kr.39.00 (up from kr.16.50 in 2Q 2023). Revenue: kr.1.32b (up 25% from 2Q 2023). Net income: kr.303.0m (up 146% from 2Q 2023). Profit margin: 23% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: kr.10.00 (vs kr.6.00 loss in 1Q 2023) First quarter 2024 results: EPS: kr.10.00 (up from kr.6.00 loss in 1Q 2023). Revenue: kr.1.04b (up 24% from 1Q 2023). Net income: kr.70.0m (up kr.122.0m from 1Q 2023). Profit margin: 6.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Aankondiging • Mar 14
Københavns Lufthavne A/S, Annual General Meeting, Apr 16, 2024 Københavns Lufthavne A/S, Annual General Meeting, Apr 16, 2024, at 15:00 Central European Standard Time. Location: Vilhelm Lauritzens, Alle 1, 2770 Kastrup Denmark Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: kr.39.00 (vs kr.24.34 in FY 2022) Full year 2023 results: EPS: kr.39.00 (up from kr.24.34 in FY 2022). Revenue: kr.4.06b (up 15% from FY 2022). Net income: kr.264.0m (up 38% from FY 2022). Profit margin: 6.5% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • Dec 05
Copenhagen Airports A/S Appoints Christian Poulsen as Chief Executive Officer, January 1, 2024 The Board of Directors of Copenhagen Airports A/S has appointed the airport's acting CEO, Christian Poulsen, as chief executive officer (CEO) from 1 January 2024. Christian Poulsen has been acting CEO since 30 September 2023, where Thomas Woldbye left the company to become CEO of Heathrow Airport in London. Christian Poulsen has held various leading positions at Copenhagen Airport for more than 14 years, including the position as Chief Operating Officer (COO) in the past four years. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: kr.30.00 (vs kr.23.10 in 3Q 2022) Third quarter 2023 results: EPS: kr.30.00 (up from kr.23.10 in 3Q 2022). Revenue: kr.1.17b (up 8.8% from 3Q 2022). Net income: kr.229.0m (up 27% from 3Q 2022). Profit margin: 20% (up from 17% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Aug 21
Copenhagen Airports A/S Appoints Christian Poulsen as Acting CEO The Board of Directors of Copenhagen Airports A/S has appointed the airport’s COO Christian Poulsen to assume the position as acting CEO when Thomas Woldbye leaves the company on 30 September 2023. Current COO of Copenhagen Airports, Christian Poulsen, will lead the airport until a replacement has been found for Thomas Woldbye, who is stepping down after 12 years as CEO. Thomas Woldbye will leave the company on 30 September to become CEO of Heathrow Airport in London. Christian Poulsen has held various positions at Copenhagen Airports for more than 14 years, including the past four years as COO. Christian Poulsen is part of a strong management team, and the airport has several of important strategic initiatives, which the management team will continue to implement and keep the airport’s momentum. Christian Poulsen will continue as COO while serving as acting CEO. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: kr.17.00 (vs kr.20.55 in 2Q 2022) Second quarter 2023 results: EPS: kr.17.00. Revenue: kr.1.06b (up 8.8% from 2Q 2022). Net income: kr.123.0m (up 7.0% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Aankondiging • Jun 30
Copenhagen Airports A/S Announces Resignation of Thomas Woldbye as CEO Københavns Lufthavne A/S announced that After 12 years as CEO of the company, Thomas Woldbye has resigned in order to take up the position as CEO of Heathrow Airport in London, UK. Thomas Woldbye will continue as CEO of Copenhagen Airports until 30 September 2023. The Board of Directors in Copenhagen Airports A/S will now start the process to identify the new CEO. Thomas Woldbye has been CEO in Copenhagen Airports A/S since May 2011. In this period, he has overseen the larger growth in the history of the airport with passenger levels rising to record levels from 20 to 30 million in 8 years and the airport’s biggest construction project so far. Previously, Thomas Woldbye has worked for A.P. Moller-Maersk for 27 years and has during his career worked abroad and held several management positions in Indonesia, Singapore, China, Hong Kong, the Netherlands and A.P. Moller-Maersk's head office in Copenhagen. Furthermore, Thomas Woldbye has been assistant to A.P. Moller-Maersk's CEO, Mærsk Mc-Kinney Møller. Thomas Woldbye is chairman of the Board of Copenhagen Airports International A/S and Copenhagen Airports Hotel A/S. Besides, Thomas Woldbye has the following board work: Chairman of Board, Smarter Airports A/S; Member of the Board, Airports Council International (Europe) ACI Europe; Member of the Board, Wonderful Copenhagen; Member of Confederation of Danish Industry Committee for Enterprise; Chairman of Veteran charity, Velkommen Hjem. Reported Earnings • May 24
First quarter 2023 earnings released: kr.6.00 loss per share (vs kr.17.00 loss in 1Q 2022) First quarter 2023 results: kr.6.00 loss per share (improved from kr.17.00 loss in 1Q 2022). Revenue: kr.839.0m (up 45% from 1Q 2022). Net loss: kr.52.0m (loss narrowed 62% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: kr.26.00 (vs kr.67.14 loss in FY 2021) Full year 2022 results: EPS: kr.26.00 (up from kr.67.14 loss in FY 2021). Revenue: kr.3.53b (up 101% from FY 2021). Net income: kr.191.0m (up kr.717.9m from FY 2021). Profit margin: 5.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Aankondiging • Feb 10
Copenhagen Airports A/S Announces Executive Changes Copenhagen Airports A/S announced that the employees of the company have conducted the election of employee representatives to the company’s Board of Directors. The following members were elected for the next four years: Brian Bjørnø (election) and Michael Eriksen (election). As substitutes to the employee representatives to the Board of Directors of Copenhagen Airports A/S, the employees have elected Michael Marott Bock, Rasmus Kjelmann Lundsbjerg and René Sommer. The new employee representatives will join the Board of Directors following Copenhagen Airports A/S’ Annual General Meeting on 30 March 2023. At the same event, the former employee representatives, Dan Hansen and Michael Marott Bock will withdraw from the Board of Directors. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Lars Sorensen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: kr.23.00 (vs kr.7.60 in 3Q 2021) Third quarter 2022 results: EPS: kr.23.00 (up from kr.7.60 in 3Q 2021). Revenue: kr.1.07b (up 71% from 3Q 2021). Net income: kr.180.0m (up 231% from 3Q 2021). Profit margin: 17% (up from 8.7% in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: kr.16.00 (vs kr.41.60 loss in 2Q 2021) Second quarter 2022 results: EPS: kr.16.00 (up from kr.41.60 loss in 2Q 2021). Revenue: kr.972.0m (up 276% from 2Q 2021). Net income: kr.118.0m (up kr.445.2m from 2Q 2021). Profit margin: 12% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • May 21
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: kr.17.00 loss per share (up from kr.43.30 loss in 1Q 2021). Revenue: kr.577.0m (up 205% from 1Q 2021). Net loss: kr.138.0m (loss narrowed 59% from 1Q 2021). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Lars Sorensen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 08
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: kr.65.90 loss per share (up from kr.81.31 loss in FY 2020). Revenue: kr.1.76b (up 12% from FY 2020). Net loss: kr.517.3m (loss narrowed 19% from FY 2020). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS kr.7.60 (vs kr.22.40 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr.625.7m (up 60% from 3Q 2020). Net income: kr.54.4m (up kr.230.4m from 3Q 2020). Profit margin: 8.7% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Board Change • Aug 18
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Chairman Lars Johansen was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • May 19
First quarter 2021 earnings released: kr.43.30 loss per share (vs kr.7.20 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: kr.189.3m (down 75% from 1Q 2020). Net loss: kr.339.6m (down kr.395.9m from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Executive Departure • Apr 28
Deputy Chairman Ulrik Dan Weuder has left the company On the 26th of April, Ulrik Dan Weuder's tenure as Deputy Chairman ended after 3.4 years in the role. We don't have any record of a personal shareholding under Ulrik Dan's name. Ulrik Dan is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 28
Full year 2020 earnings released: kr.81.31 loss per share (vs kr.130 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: kr.1.58b (down 64% from FY 2019). Net loss: kr.638.1m (down 163% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 01
New 90-day high: kr.5,660 The company is up 8.0% from its price of kr.5,240 on 01 December 2020. The Danish market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 6.0% over the same period. Is New 90 Day High Low • Jan 25
New 90-day high: kr.5,520 The company is up 26% from its price of kr.4,380 on 27 October 2020. The Danish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 11% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: kr.22.40 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: kr.390.2m (down 68% from 3Q 2019). Net loss: kr.176.0m (down 151% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 11
New 90-day high: kr.4,800 The company is up 4.0% from its price of kr.4,630 on 13 August 2020. The Danish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 11% over the same period. 
