Flughafen Wien AG EBITDA up 5% in 1H2014, confident of achieving designated targets for 2014

Austria's Flughafen Wien AG revenue stable - financial highlights for six months ended 30-Jun-2014:

• Revenue: EUR304.7 million, -0.1% year-on-year;
• • Airport: EUR163.5 million, +4.5%;
  • Handling: EUR72.2 million, -8.9%;
  • Retail & Properties: EUR61.3 million, +1.1%;
• EBITDA: EUR126.5 million, +5.0%;
• EBIT: EUR63.1 million, +6.2%;
• Net profit: EUR44.0 million, +7.6%;
• 2014 outlook:
• • Revenue: More than EUR630 million;
  • EBITDA: Surpass EUR240 million;
  • Net profit: Above EUR75 million;
  • Passenger numbers: +1 to +3%, with the increase likely to be at the upper end of the predicted range;
  • Aircraft movements: Remain largely stable between -1% and +1%. [more - original PR]

Flughafen Wien: "The positive corporate development could be continued in spite of the negative crisis-related effects on global travel. Although revenue stagnated, the company generated an improvement in EBITDA, EBIT and net profit. Net debt has further decreased. As a consequence, Flughafen Wien AG is once again on a sounder economic footing, which is also reflected in the share price showing a 127% rise in value since the beginning of 2012. We are confident that we will be able to achieve our designated targets for the entire year 2014," Günther Ofner, Chief Financial Officer. Source: Company statement, 19-Aug-2014.