Flughafen Wien 'optimistic' of 2015 outlook, predicts EUR250m EBITDA

Flughafen Wien reported (20-Jan-2015) the board is "fundamentally optimistic with respect to its business outlook for the year 2015," adding it aims to generate increased revenue of more than EUR645 million and raise EBITDA to more than EUR250 million for the year. Net profit will reach EUR85 million and its net debt will further reduce to below EUR500 million while investments are expected to reach EUR95 million in 2015. Following the expected decline in passenger numbers in 1Q2015, the Vienna Airport operator is predicting full year passengers to increase by 0%-2% while aircraft movements will increase marginally by 0%-1%. It added: "impetus to growth will be provided by the launch of flight services to Mauritius and frequency increases to Newark and Athens by Austrian Airlines, new destinations added by NIKI, namely Catania, Alicante, Athens, Paphos as well as an increase in the number of flights it operates to Zurich, as well as new routes and expanded flight service on the part of easyJet, Vueling, TUIFly, Estonian Air, Aegean, SunExpress, Pegasus Airlines, Montenegro Airlines and Air Moldova." [more - original PR]