Flughafen Wien AG revises guidance for 2015 upwards

Flughafen Wien AG revised (17-Nov-2015) its guidance for the entire year 2015 upwards. Detail as follow:

• Revenue: EUR495.1 million, +3.8% year-on-year;
• EBITDA: EUR118.2 million, +11.7%;
• Net profit: EUR84.4 million, +12.7%;
• Total assets: EUR1,896.7 million, +0.2%
• Total liabilities: EUR893.5 million, -4.9%. [more - original PR]

Flughafen Wien AG member of the management board Günther Ofner said: "The resolute implementation of our strategy of reducing costs and enhancing productivity has borne fruit. Earnings indicators improved considerably, accompanied by a further substantial reduction of net debt. The outlook remains positive. For this reason, we are improving our financial forecasts for the entire year 2015. The development of our Airport City is also proceeding well. For example, the logistics company Kühne + Nagel will relocate its corporate headquarters and 120 employees to Vienna Airport. This underlines the fact that Vienna Airport is a highly attractive real estate and office location". Member of the management board Julian Jäger said: "In line with the positive development of traffic results up until now and our estimates for the coming months, we can provide a more detailed forecast specifying an increase in total passenger volume of more than 1% for the entire year 2015. The winter flight schedule offers new long-haul flight connections to the destinations of Mauritius, Sri Lanka and Miami as well as frequency increases. Several highlights for 2016 have already been announced. Our quality strategy is also visibly recognised".