Flughafen Wien Group EBITDA up 13% in 1Q2012, 2012 forecasts revised upwards

Austria's Flughafen Wien, which operates Vienna International Airport reported (23-May-2012) the following financial highlights for three months ended 31-Mar-2012:

• Revenue: EUR139.0 million, +5.7% year-on-year;
  • Airport: EUR66.2 million, +5.9%;
  • Handling: EUR40.3 million, +1.4%;
  • Retail and properties: EUR28.8 million, +12.6%;
• EBITDA: EUR49.8 million, +12.6%;
• Net profit: EUR21.6 million, +9.1%;
• Passenger numbers: 4.5 million, +9.2%, attributable to a 13.8% increase in passengers transported by Austrian Airlinesand the absence of negative effects;
  • Transfer: +22.4%;
  • Eastern Europe: +24.1%;
  • Western Europe: +5.7%;
  • Far East: +5.1%;
  • Middle East: +7.9%;
  • North America: +37.3%;
  • Africa: +14.2%;
• Cargo volume: 65,173 tonnes, -9.1%;
• Aircraft movements: 56,238, -2.0%;
• Total assets: EUR2073 million, -3.6% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: EUR43.7 million, -60.8% when compared to period ended 31-Dec-2011;
• Total liabilities: EUR1240 million, -7.4% when compared to period ended 31-Dec-2011;
• Apr-2012 traffic:
  • Passenger numbers: +9.5%;
  • Cargo volume: -11.3%;
  • Aircraft movements: +1.5%. [more - original PR]

Flughafen Wien: "Based on the positive development of traffic during the first four months, traffic forecasts for the 2012 financial year were adjusted upward. Flughafen Wien AG is now projecting an increase of 4% to 5% in the number of passengers. In contrast, no growth is expected in flight movements (0% to -1%) or maximum take-off weight (MTOW; -2% to -3%). In connection with the environmental impact assessment process for the third runway project, a public hearing was held in August and September 2011. A first instance ruling is not expected before mid-2012. Investments totalling a maximum of EUR160.0 million are planned for the 2012 financial year." Source: Company statement, 23-May-2012.