Flughafen Wien EBITDA up 5% in 1H2015, confirms positive outlook for 2015

Flughafen Wien revenue up 2% - financial highlights for six months ended 30-Jun-2015:

• Revenue: EUR311.5 million, +2.2% year-on-year;
• • Airport: EUR166.7 million, +2.0%
  • Handing: EUR73.6 million, +2.1%;
  • Retail and properties: EUR63.4 million, +3.4%;
• EBITDA: EUR132.7 million, +4.9%;
• • Airport: EUR71.7 million, +4.2%;
  • Handling: EUR5.9 million, -31.0%;
  • Retail and properties: EUR44.3 million, +12.8%;
• Net profit: EUR47.6 million, +8.1%;
• Total assets: EUR1850 million;
• Cash and cash equivalents: EUR5.7 million;
• Total liabilities: EUR884.3 million. [more - original PR]

Flughafen Wien: "After the downward movement in the first quarter, FWAG expects traffic development to improve during the course of 2015, with an increase in passenger traffic of between 0% and 2% for the full year 2015…FWAG assesses the business outlook for 2015 to be essentially optimistic: Revenue is expected to increase to more than EUR645 million, and the EBITDA target is over EUR250 million. Earnings after tax are currently expected to exceed EUR85 million. The company's net debt will be further reduced. Lower costs and the cancellation or postponement of projects should bring capital expenditure substantially below the planned EUR95 million." Source: Company statement, 18-Aug-2015.