Copenhagen Airports A/S
CSE:KBHL

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Copenhagen Airports A/S
CSE:KBHL
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Price: 6 900 DKK 0.29% Market Closed
Market Cap: 54.2B DKK
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

5 399m
Revenue
+3%
3Y
+63%
5Y
+128%
10Y
+36%
1 768m
Operating Income
+5%
3Y
+265%
5Y
+3 614%
10Y
+17%
1 172m
Net Income
+7%
3Y
+379%
5Y
-
10Y
+15%

Earnings Waterfall
Copenhagen Airports A/S

Revenue
5.4B DKK
Operating Expenses
-3.6B DKK
Operating Income
1.8B DKK
Other Expenses
-596m DKK
Net Income
1.2B DKK

Income Statement
Copenhagen Airports A/S

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Income Statement
Currency: DKK
Millions
Ones
Thousands
Millions
Billions
TTM
Quarterly
Annual
TTM
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
221
232
225
227
223
223
274
270
270
279
263
273
277
276
245
237
228
0
0
0
198
0
0
0
154
0
0
0
174
0
0
0
185
0
0
0
174
0
0
0
187
0
0
0
178
0
0
0
180
0
0
0
188
0
0
0
165
0
0
0
174
0
0
0
180
0
0
0
162
0
0
0
136
0
0
0
97
0
0
0
123
0
0
0
147
0
0
0
258
0
0
0
240
0
0
0
Revenue
1 996
N/A
2 043
+2%
2 054
+1%
2 072
+1%
2 145
+4%
2 187
+2%
2 195
+0%
2 224
+1%
2 214
0%
2 260
+2%
2 351
+4%
2 407
+2%
2 485
+3%
2 545
+2%
2 614
+3%
2 685
+3%
2 738
+2%
2 772
+1%
2 803
+1%
2 845
+2%
2 884
+1%
2 905
+1%
2 880
-1%
2 896
+1%
2 925
+1%
2 968
+1%
3 066
+3%
3 114
+2%
3 114
0%
3 065
-2%
3 007
-2%
2 957
-2%
2 923
-1%
2 971
+2%
3 101
+4%
3 166
+2%
3 239
+2%
3 257
+1%
3 222
-1%
3 291
+2%
3 344
+2%
3 391
+1%
3 440
+1%
3 482
+1%
3 516
+1%
3 535
+1%
3 573
+1%
3 615
+1%
3 645
+1%
3 689
+1%
3 773
+2%
3 834
+2%
3 868
+1%
3 908
+1%
3 914
+0%
3 969
+1%
4 062
+2%
4 156
+2%
4 255
+2%
4 359
+2%
4 422
+1%
4 452
+1%
4 460
+0%
4 463
+0%
4 439
-1%
4 456
+0%
4 450
0%
4 459
+0%
4 445
0%
4 404
-1%
4 388
0%
4 346
-1%
4 346
0%
4 138
-5%
3 181
-23%
2 372
-25%
1 576
-34%
1 001
-36%
1 089
+9%
1 324
+22%
1 761
+33%
2 149
+22%
2 862
+33%
3 307
+16%
3 532
+7%
3 793
+7%
3 880
+2%
3 975
+2%
4 061
+2%
4 258
+5%
4 519
+6%
4 823
+7%
5 070
+5%
5 110
+1%
5 256
+3%
5 399
+3%
Gross Profit
Cost of Revenue
(402)
(404)
(402)
(403)
(408)
(420)
(418)
(412)
(403)
(401)
(418)
(427)
(424)
(440)
(483)
(548)
(668)
(678)
(639)
(590)
(490)
(463)
(455)
(451)
(479)
(473)
(488)
(498)
(582)
(617)
(576)
(577)
(476)
(487)
(536)
(554)
(579)
(610)
(623)
(628)
(598)
(603)
(582)
(568)
(75)
(574)
(587)
(590)
(69)
(555)
(564)
(563)
(82)
(583)
(580)
(585)
(72)
(593)
(592)
(604)
(67)
(601)
(566)
(522)
(56)
(460)
(479)
(517)
(183)
(563)
(567)
(550)
(178)
(519)
(469)
(405)
(98)
(317)
(326)
(371)
(128)
(477)
(556)
(650)
(228)
(737)
(728)
(688)
(156)
(723)
(749)
(753)
(146)
(735)
0
0
Gross Profit
1 594
N/A
1 638
+3%
1 653
+1%
1 670
+1%
1 737
+4%
1 768
+2%
1 777
+1%
1 812
+2%
1 810
0%
1 859
+3%
1 933
+4%
1 979
+2%
2 062
+4%
2 105
+2%
2 130
+1%
2 136
+0%
2 070
-3%
2 094
+1%
2 164
+3%
2 255
+4%
2 394
+6%
2 442
+2%
2 424
-1%
2 445
+1%
2 446
+0%
2 495
+2%
2 578
+3%
2 616
+1%
2 531
-3%
2 448
-3%
2 431
-1%
2 380
-2%
2 447
+3%
2 484
+2%
2 565
+3%
2 612
+2%
2 660
+2%
2 646
-1%
2 600
-2%
2 663
+2%
2 746
+3%
2 788
+2%
2 859
+3%
2 914
+2%
3 440
+18%
2 960
-14%
2 986
+1%
3 026
+1%
3 575
+18%
3 134
-12%
3 210
+2%
3 271
+2%
3 785
+16%
3 325
-12%
3 334
+0%
3 384
+2%
3 990
+18%
3 563
-11%
3 663
+3%
3 755
+2%
4 355
+16%
3 851
-12%
3 894
+1%
3 941
+1%
4 384
+11%
3 997
-9%
3 970
-1%
3 942
-1%
4 262
+8%
3 841
-10%
3 820
-1%
3 796
-1%
4 168
+10%
3 620
-13%
2 712
-25%
1 967
-27%
1 478
-25%
684
-54%
763
+11%
954
+25%
1 633
+71%
1 672
+2%
2 306
+38%
2 658
+15%
3 304
+24%
3 056
-8%
3 152
+3%
3 287
+4%
3 905
+19%
3 535
-9%
3 770
+7%
4 070
+8%
4 924
+21%
4 375
-11%
0
N/A
0
N/A
Operating Income
Operating Expenses
(955)
(994)
(996)
(1 000)
(1 000)
(998)
(990)
(985)
(1 003)
(1 019)
(1 044)
(1 075)
(1 088)
(1 092)
(1 110)
(1 100)
(1 099)
(1 099)
(1 085)
(1 098)
(1 160)
(1 071)
(986)
(1 015)
(1 243)
(1 169)
(1 308)
(1 332)
(1 305)
(1 334)
(1 340)
(1 351)
(1 359)
(1 380)
(1 399)
(1 424)
(1 398)
(1 174)
(1 211)
(1 216)
(1 469)
(1 501)
(1 510)
(1 539)
(2 082)
(844)
(864)
(894)
(2 178)
(1 719)
(1 748)
(1 769)
(2 311)
(1 826)
(1 848)
(1 873)
(2 392)
(1 909)
(1 947)
(1 975)
(2 541)
(2 034)
(2 066)
(2 082)
(2 534)
(2 125)
(2 169)
(2 227)
(2 644)
(2 308)
(2 319)
(2 328)
(2 718)
(2 347)
(2 105)
(1 919)
(2 041)
(1 763)
(1 941)
(1 940)
(2 132)
(1 907)
(1 980)
(2 174)
(2 877)
(2 503)
(2 557)
(2 595)
(3 173)
(2 691)
(2 697)
(2 739)
(3 264)
(2 773)
(3 572)
(3 631)
Selling, General & Administrative
(510)
(514)
(518)
(525)
(527)
(528)
(521)
(518)
(535)
(548)
(571)
(601)
(612)
(631)
(681)
(702)
(741)
(763)
(755)
(772)
(834)
(858)
(883)
(908)
(888)
(913)
(924)
(933)
(912)
(935)
(930)
(930)
(888)
(902)
(909)
(924)
(906)
(966)
(990)
(995)
(957)
(986)
(996)
(1 016)
(1 524)
(1 046)
(1 054)
(1 053)
(1 556)
(1 073)
(1 089)
(1 110)
(1 632)
(1 153)
(1 172)
(1 194)
(1 720)
(1 229)
(1 260)
(1 272)
(1 841)
(1 306)
(1 307)
(1 313)
(1 749)
(1 332)
(1 345)
(1 365)
(1 718)
(1 361)
(1 374)
(1 379)
(1 782)
(1 438)
(1 418)
(1 349)
(1 483)
(1 148)
(1 081)
(1 049)
(1 393)
(1 171)
(1 257)
(1 355)
(1 918)
(1 523)
(1 565)
(1 597)
(2 225)
(1 697)
(1 710)
(1 758)
(2 350)
(1 830)
(1 892)
(1 940)
Depreciation & Amortization
(445)
(480)
(478)
(475)
(473)
(470)
(468)
(467)
(469)
(472)
(473)
(475)
(476)
(461)
(430)
(397)
(358)
(336)
(330)
(326)
(326)
(328)
(334)
(337)
(355)
(368)
(381)
(396)
(393)
(400)
(412)
(424)
(471)
(479)
(490)
(501)
(492)
(502)
(515)
(519)
(512)
(522)
(521)
(526)
(559)
(560)
(571)
(603)
(623)
(648)
(660)
(660)
(679)
(677)
(680)
(682)
(675)
(682)
(693)
(709)
(706)
(735)
(762)
(772)
(788)
(796)
(825)
(864)
(928)
(949)
(947)
(951)
(938)
(926)
(909)
(906)
(916)
(958)
(999)
(1 038)
(1 004)
(1 004)
(996)
(971)
(971)
(991)
(1 000)
(1 005)
(953)
(998)
(988)
(981)
(916)
(947)
(934)
(909)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
116
230
230
0
112
(3)
(3)
0
1
2
3
0
1
0
0
0
294
294
298
0
6
7
3
0
762
761
761
0
2
2
2
0
4
4
3
3
1
6
6
6
7
4
3
3
3
1
2
2
2
2
2
2
17
222
336
358
343
140
146
266
267
273
152
12
11
8
7
5
4
1
0
2
4
(746)
(782)
Operating Income
640
N/A
645
+1%
657
+2%
670
+2%
737
+10%
769
+4%
788
+2%
827
+5%
807
-2%
840
+4%
889
+6%
904
+2%
974
+8%
1 013
+4%
1 020
+1%
1 037
+2%
971
-6%
995
+2%
1 079
+8%
1 157
+7%
1 234
+7%
1 371
+11%
1 438
+5%
1 430
-1%
1 203
-16%
1 327
+10%
1 270
-4%
1 285
+1%
1 227
-4%
1 114
-9%
1 091
-2%
1 029
-6%
1 088
+6%
1 105
+2%
1 166
+6%
1 188
+2%
1 263
+6%
1 473
+17%
1 389
-6%
1 447
+4%
1 277
-12%
1 287
+1%
1 348
+5%
1 375
+2%
1 358
-1%
2 116
+56%
2 122
+0%
2 131
+0%
1 397
-34%
1 415
+1%
1 462
+3%
1 502
+3%
1 474
-2%
1 499
+2%
1 486
-1%
1 512
+2%
1 598
+6%
1 654
+3%
1 716
+4%
1 780
+4%
1 814
+2%
1 817
+0%
1 829
+1%
1 859
+2%
1 849
-1%
1 872
+1%
1 801
-4%
1 715
-5%
1 619
-6%
1 533
-5%
1 501
-2%
1 468
-2%
1 449
-1%
1 272
-12%
607
-52%
48
-92%
(563)
N/A
(1 078)
-91%
(1 178)
-9%
(986)
+16%
(498)
+49%
(236)
+53%
325
N/A
484
+49%
427
-12%
553
+30%
595
+8%
692
+16%
732
+6%
844
+15%
1 073
+27%
1 331
+24%
1 660
+25%
1 602
-3%
1 684
+5%
1 768
+5%
Pre-Tax Income
Interest Income Expense
(149)
(198)
(200)
(212)
(199)
(191)
(227)
(212)
(193)
(192)
(180)
(188)
(156)
(153)
(120)
(104)
(118)
(49)
(1)
54
(180)
(38)
(42)
(63)
(94)
36
32
16
(199)
(17)
(30)
(33)
(164)
13
24
32
(148)
(43)
(99)
(157)
(175)
(194)
(194)
(197)
(176)
(194)
(195)
(198)
(178)
(206)
(213)
(200)
(177)
(192)
(184)
(187)
(164)
(176)
(172)
(175)
(186)
(183)
(185)
(186)
(179)
(188)
(187)
(176)
(159)
(148)
(139)
(136)
(132)
(141)
(138)
(128)
(91)
(113)
(130)
(148)
(132)
(166)
(153)
(155)
(147)
(183)
(217)
(248)
(311)
(289)
(292)
(286)
(299)
(257)
(241)
(223)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
227
0
0
0
1
0
0
0
(41)
0
0
0
209
0
0
0
(14)
0
0
0
751
2
(2)
(3)
(24)
(27)
(28)
(29)
(14)
(16)
(13)
(14)
(14)
(15)
(16)
(16)
(15)
(15)
(18)
(20)
(26)
(31)
(34)
(34)
(34)
(28)
(21)
(20)
(17)
(22)
(21)
(146)
(151)
(144)
(143)
(14)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(46)
(96)
(148)
(25)
(175)
(153)
(131)
15
(124)
(142)
(156)
(3)
(191)
(209)
(222)
(64)
(238)
(284)
(276)
(96)
(215)
(106)
(56)
(31)
0
0
0
(18)
0
0
0
(23)
(2)
(2)
(2)
(20)
0
0
0
(17)
(1)
0
0
7
0
0
0
(8)
0
(1)
0
(8)
0
0
0
(7)
0
0
0
(23)
0
0
0
(36)
0
0
0
(23)
0
0
0
(23)
0
0
0
(22)
0
0
0
Pre-Tax Income
490
N/A
446
-9%
457
+2%
457
+0%
538
+18%
578
+7%
561
-3%
615
+10%
614
0%
647
+5%
708
+9%
716
+1%
818
+14%
861
+5%
900
+5%
933
+4%
854
-8%
900
+5%
981
+9%
1 063
+8%
1 030
-3%
1 158
+12%
1 244
+7%
1 235
-1%
1 352
+9%
1 239
-8%
1 160
-6%
1 145
-1%
1 026
-10%
906
-12%
852
-6%
774
-9%
820
+6%
880
+7%
906
+3%
944
+4%
1 228
+30%
1 215
-1%
1 184
-3%
1 233
+4%
1 057
-14%
1 093
+3%
1 154
+6%
1 178
+2%
1 915
+63%
1 925
+0%
1 926
+0%
1 931
+0%
1 172
-39%
1 182
+1%
1 221
+3%
1 273
+4%
1 263
-1%
1 291
+2%
1 289
0%
1 312
+2%
1 404
+7%
1 463
+4%
1 528
+4%
1 589
+4%
1 620
+2%
1 619
0%
1 625
+0%
1 653
+2%
1 636
-1%
1 653
+1%
1 580
-4%
1 505
-5%
1 417
-6%
1 358
-4%
1 342
-1%
1 312
-2%
1 293
-1%
1 109
-14%
448
-60%
(226)
N/A
(828)
-267%
(1 336)
-61%
(1 451)
-9%
(1 148)
+21%
(667)
+42%
(402)
+40%
172
N/A
329
+91%
257
-22%
370
+44%
378
+2%
444
+17%
398
-10%
555
+39%
781
+41%
1 045
+34%
1 339
+28%
1 345
+0%
1 443
+7%
1 545
+7%
Net Income
Tax Provision
(150)
(143)
(158)
(170)
(191)
(202)
(184)
(181)
(200)
(180)
(192)
(196)
(225)
(238)
(189)
(190)
(183)
(190)
(272)
(295)
(301)
(343)
(254)
(245)
(239)
(204)
(287)
(289)
(271)
(235)
(225)
(205)
(205)
(221)
(237)
(252)
(319)
(318)
(302)
(312)
(302)
(310)
(327)
(333)
(301)
(306)
(251)
(228)
(196)
(197)
(264)
(304)
(305)
(308)
(296)
(290)
(318)
(330)
(348)
(337)
(361)
(358)
(355)
(381)
(350)
(354)
(337)
(319)
(312)
(299)
(295)
(289)
(273)
(230)
(81)
72
190
302
325
258
149
91
(34)
(68)
(50)
(77)
(78)
(93)
(112)
(147)
(194)
(252)
(299)
(302)
(326)
(348)
Income from Continuing Operations
341
303
299
287
348
376
376
434
414
468
516
520
593
623
712
742
670
710
709
768
728
815
990
990
1 113
1 035
874
856
755
671
627
568
614
659
670
692
909
896
882
921
756
782
827
845
1 615
1 619
1 674
1 703
976
985
957
969
958
982
993
1 021
1 086
1 134
1 180
1 252
1 259
1 261
1 270
1 272
1 286
1 299
1 243
1 185
1 105
1 059
1 047
1 024
1 020
879
367
(154)
(638)
(1 034)
(1 126)
(891)
(517)
(311)
139
261
207
293
300
351
286
408
587
793
1 040
1 043
1 117
1 197
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
(6)
(10)
(15)
(20)
(16)
(16)
(14)
(16)
(19)
(22)
(24)
(23)
(24)
(24)
(25)
(25)
(25)
Net Income (Common)
341
N/A
303
-11%
299
-1%
287
-4%
348
+21%
376
+8%
376
N/A
434
+15%
414
-5%
468
+13%
516
+10%
520
+1%
593
+14%
623
+5%
712
+14%
742
+4%
670
-10%
710
+6%
709
0%
768
+8%
728
-5%
815
+12%
990
+21%
990
+0%
1 113
+12%
1 035
-7%
874
-16%
856
-2%
755
-12%
671
-11%
627
-7%
568
-9%
614
+8%
659
+7%
670
+2%
692
+3%
909
+31%
896
-1%
882
-2%
921
+5%
756
-18%
782
+4%
827
+6%
845
+2%
1 615
+91%
1 619
+0%
1 674
+3%
1 703
+2%
976
-43%
985
+1%
957
-3%
969
+1%
958
-1%
982
+3%
993
+1%
1 021
+3%
1 086
+6%
1 134
+4%
1 180
+4%
1 252
+6%
1 259
+1%
1 261
+0%
1 270
+1%
1 272
+0%
1 286
+1%
1 299
+1%
1 243
-4%
1 185
-5%
1 105
-7%
1 059
-4%
1 047
-1%
1 024
-2%
1 020
0%
879
-14%
367
-58%
(154)
N/A
(638)
-315%
(1 034)
-62%
(1 127)
-9%
(897)
+20%
(527)
+41%
(326)
+38%
119
N/A
245
+105%
191
-22%
280
+47%
285
+2%
334
+17%
264
-21%
385
+46%
565
+47%
769
+36%
1 016
+32%
1 018
+0%
1 092
+7%
1 172
+7%
EPS (Diluted)
37.41
N/A
34.04
-9%
33.57
-1%
32.26
-4%
39.07
+21%
44.28
+13%
44.28
N/A
51.07
+15%
48.74
-5%
55.03
+13%
60.75
+10%
61.18
+1%
69.74
+14%
79.88
+15%
91.23
+14%
95.17
+4%
85.94
-10%
91.07
+6%
90.92
0%
98.43
+8%
93.37
-5%
104.5
+12%
126.89
+21%
126.93
+0%
142.62
+12%
132.66
-7%
111.98
-16%
109.74
-2%
96.83
-12%
86.01
-11%
80.38
-7%
72.87
-9%
78.75
+8%
84.47
+7%
85.88
+2%
88.75
+3%
116.51
+31%
114.92
-1%
113.02
-2%
118.12
+5%
96.88
-18%
100.29
+4%
106.07
+6%
108.32
+2%
207.02
+91%
207.58
+0%
214.66
+3%
218.34
+2%
125.14
-43%
126.24
+1%
122.74
-3%
124.24
+1%
122.12
-2%
125.94
+3%
127.33
+1%
130.92
+3%
138.38
+6%
145.33
+5%
151.3
+4%
160.47
+6%
160.42
0%
161.66
+1%
160.78
-1%
161.02
+0%
163.8
+2%
166.56
+2%
159.41
-4%
151.03
-5%
140.84
-7%
134.94
-4%
133.27
-1%
130.45
-2%
130.01
0%
112.46
-13%
46.75
-58%
-19.58
N/A
-81.31
-315%
-131.83
-62%
-143.29
-9%
-125.27
+13%
-67.14
+46%
-40.17
+40%
15.17
N/A
31.26
+106%
24.34
-22%
32.3
+33%
39.39
+22%
43.75
+11%
33.64
-23%
55
+63%
72.72
+32%
99.45
+37%
129.46
+30%
137.56
+6%
141.93
+3%
150.78
+6%

See Also

Summary
KBHL intrinsic value, competitors valuation, and company profile.
DCF Valuation
KBHL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
KBHL stock valuation using valuation multiples.
Wall Street Estimates
KBHL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
KBHL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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