Flughafen Wien Group EBITDA up 10% in 1H2013, confirms FY guidance

Austria's Flughafen Wien Group revenue up 4% - financial highlights for six months ended 30-Jun-2013:

• Total revenue: EUR304.8 million, +3.8% year-on-year;
• • Airport: EUR156.5 million, +7.7%;
  • Handling: EUR79.2 million, -1.8%;
  • Retail and properties: EUR60.6 million, +1.7%;
• EBITDA: EUR120.4 million, +10.2%;
• • Airport: EUR63.4 million, -0.3%;
  • Handling: EUR16.2 million, +30.5%;
  • Retail and properties: EUR39.5 million, +2.6%;
• Net profit: EUR40.9 million, -16.6%;
• Passenger numbers: 10.2 million, -1.7%;
• Cargo volume: 122,872 tonnes, -6.2%;
• Aircraft movements: 112,806, -6.4%;
• Total assets: EUR1996 million;
• Cash and cash equivalents: EUR7.4 million;
• Total liabilities: EUR1125 million;
• 2013 outlook:
• • Passenger traffic: -1% to +1%;
  • Aircraft movements: -4% to -6%;
  • Revenue: Slightly lower than EUR325 million;
  • EBITDA: More than EUR230 million;
  • Net profit: EUR65 million;
  • Net debt: Below EUR680 million;
  • Capital expenditure: EUR100 million. [more - original PR]

Flughafen Wien Group: "For 2013 FWAG expects the development of passenger traffic will range from minus 1% to plus 1%. This cautious forecast reflects the strategy followed by many airlines to reduce capacity growth in order to improve the seat load factor. However, the main effect of any decline in passenger traffic is expected in the transfer segment and these passengers make a comparably lower contribution to revenue and earnings due to the current incentive scheme." Source: Company statement, 14-Aug-2013.