Changes to CPH Advantage loyalty club As announced in emails sent 5–8 November, CPH Advantage has been modified. From 2 December 2019, it will no longer be possible to earn Advantage points for purchases made in Copenhagen Airport. You will still be able to use your points, however. Read more here

 

Financial definitions

The definitions of ratios are in line with the recommendations from 2015 made by the Association of Danish Financial Analysts, except for the ratios marked with *, which are not defined by the Association.

EBITDA   margin Operating profit/(loss) adjusted   for amortisation and depreciation as a percentage of revenue 
EBIT   margin Operating profit/(loss) as a   percentage of revenue  
EBITDA   index Cash flow from operating  activities before financial items and tax   divided by EBITDA
Leverage   ratio Net interest-bearing debt  divided by EBITDA
Asset   turnover rate Revenue divided by average   operating assets
Return   on assets Operating profit/(loss) as a   percentage of average operating assets
Return   on equity Net profit/(loss) for the year   divided by average equity
Equity   ratio Equity at year-end as a   percentage of total assets at year-end
Earnings   per share (EPS) Net profit/(loss) for the year   divided by average number of shares
Cash   earnings per share (CEPS)* Net profit/(loss) for the year   plus amortisation and depreciation divided by average number of shares
Net   asset value per share Equity at year-end divided by   number of shares at year-end
Payout   ratio Dividend divided by net   profit/(loss) for the year
NOPAT   margin* Net profit/(loss) for the year   adjusted for net financial expenses after tax and changes in deferred tax for   the year divided by revenue
Turnover   rate of capital employed* Revenue divided by average   equity plus average non-current liabilities and current interest-bearing debt
ROCE* EBIT divided by average equity   plus non-current liabilities and current interest-bearing debt