Increase in traffic contributes to upward adjustment of result

On the Storebælt Bridge, the average daily traffic for passenger cars increased by 4.4%, while truck traffic rose by 0.8%. Overall, road traffic increased by 3.9% compared to the same period in 2024.

Revenue from the road connection amounted to DKK 2,441 million, which is a decrease of 1.0% compared to the same period last year. The decline was expected, as the list price for passenger cars was reduced by 17% as of January 1, 2025, due to the Eurovignette
Directive, and kilometer-based road charges for trucks were introduced at the same time. However, the decrease was smaller than anticipated due to higher traffic than budgeted.

On the Øresund Bridge, traffic increased by 6.4% compared to the same period in 2024. Passenger car traffic rose by 6.6%, and truck traffic increased by 3.9%. Road revenues increased by DKK 83 million to DKK 1,479 million in the period, compared to the same period last year.

“We are generally seeing growth in traffic on both bridges, which allows us to raise our expectations for the year. Despite the increased traffic in 2025, the average travel time across the Storebælt Bridge has remained virtually unchanged compared to last year, thanks to a strong focus on accident prevention,” says Sund & Bælt CEO, Mikkel Hemmingsen.

Øresundsbro Konsortiet I/S is an independent company with joint Danish and Swedish ownership. The income statement includes 50% of the result from Øresundsbro Konsortiet I/S, corresponding to revenue of DKK 746 million.

Profit before fair value adjustments and tax, including the share from Øresundsbro Konsortiet I/S, amounted to DKK 1,813 million in the first nine months of the year, which is DKK 176 million higher than in the same period last year.

The Group’s profit after value adjustments and tax was DKK 3,624 million, compared to a profit of DKK 1,097 million last year.
Based on the results from the first nine months, the expectation for the annual result is raised to a profit before fair value adjustments and tax in the range of DKK 2.2 – 2.3 billion. Earlier this year, the estimate was DKK 1.9 – 2.1 billion.

The upward adjustment is due to higher-than-expected traffic growth on both the Storebælt Bridge and the Øresund Bridge. In addition, there has been a generally satisfactory development with lower cost levels than previously anticipated.

Income statement adjusted for the effect of fair value adjustments

Sund & Bælt Group’s financial statements include the results of the wholly owned subsidiaries A/S Storebælt, A/S Øresund, A/S Femern Landanlæg, Femern A/S, Sund & Bælt Partner A/S, BroBizz A/S, and BroBizz Operatør A/S, as well as the Danish share of the Øresundsbro Konsortiet, which is responsible for the operation of the Øresund Bridge.

Fair value adjustment is an accounting principle whereby, at the time of financial reporting, changes in the value of financial assets and liabilities are measured at their market value. This means the value they would have in the market at that given time, if they were to be traded.