Traffic and revenue continue to increase on the Øresund Bridge. Together with continuing good cost management and efficiency, this has resulted in increased profits before interest. At the same time, rising interest rates have increased financial expenses, which means that profits before value adjustment have fallen compared to the same period last year.
2016 shows improved results and a new road traffic record for the Øresund Bridge. Profits amount to DKK 1,020 million before value adjustment, a rise of DKK 121 million compared to 2015.
Since Leo Larsen chose to resign to retire as CEO of Sund & Bælt Holding A/S and the subsidiaries A/S Storebælt, A/S Øresund and A/S Femern Landanlæg a recruiting process…
”It is of huge importance for the Fehmarnbelt project that the political parties behind the Fehmarnbelt project have today approved the plan to enable Femern A/S to enter into conditional…
A combination of low interest rates, low inflation and increased traffic across Storebælt in the first half of 2015 has resulted in Sund & Bælt upgrading its profit estimates for the year by DKK 160 million to a total profit of DKK 1,980 million before value adjustments and tax, states the Group’s interim report.
Overall traffic increased by 4.6 per cent: passenger car traffic accounted for the largest increase at 4.8 per cent while lorry traffic increased by 2.9 per cent. On average, over 27,000 vehicles crossed the link on a daily basis.
Increased traffic and low interest expenses mean that Sund & Bælt has posted better results for 2014 than expected with the summer’s upward revision, shows the Group’s annual report.
Footprints along a fishing fence and an old stone axe are among the finds unearthed by archaeologists at Rødby at the upcoming Fehmarnbelt link. The knowledge they are relying on includes that from excavations at Storebælt – and this knowledge is now available in e-book form, and is therefore easier to access in the field.
Sund & Bælt is upgrading its expectations for its annual results by DKK 75 million. This is revealed in the group’s quarterly report. Increasing revenue from road traffic across Storebælt and lower than expected interest expenses have led to the upward revision.
Higher traffic revenue and lower-than-expected expenses for 2011 have led to Sund & Bælt upgrading its annual results by approx. DKK 100 million. HGV traffic has had a particularly positive…