My Account Menu

CAPA Login


Register to trial CAPA Membership!

European airport earnings wrap: 2008. Vienna Airport shares up after solid profit report

30-Mar-2009

Austria's Flughafen Wien Group, operator of Vienna Airport, reported a 4% lift in net profit for the 12 months ended 31-Dec-08. EBITDA rose 5.7%, leading to a 0.6% increase in EBITDA margin to 37%, which exceeded margins at Aeroports de Paris and Fraport last year.

Flughafen Wien's net margin was also very solid at 17%, exceeding all of the European airports in the Centre for Asia Pacific Aviation's sample, with the exception of Copenhagen Airport (see the upcoming Apr-2009 edition of Airport Investor Monthly for more information).

European airport and airport operator financial performance comparison in 2008

For 2009, Flughafen Wien is predicting a 5% reduction in passenger numbers from last year's 19.7 million and a 4% reduction in aircraft movements from 266,402 in 2008, as the consolidation trend among European airlines continues. Investors seemed satisfied with these predictions, sending the company's shares up 4.1% on 27-Mar-09.

Elsewhere, Copenhagen Airports shares rose 4.7% on Friday, while Fraport eased 2.9%.

Selected airports daily share price movements (% change): 27-Mar-09


Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.