Flughafen Wien Group EBITDA up 12%, targeting more than EUR200m in 2012

Austria's Vienna Airport operator Flughafen Wien Group revenue up 9% - financial highlights for 12 months ended 31-Dec-2011:

• Revenue: EUR582.0 million, +9.0% year-on-year;
  • Airport: EUR294.6 million, +13.3%;
  • Handling: EUR160.5 million, -2.9%;
  • Retail and properties: EUR110.6 million, +18.2%;
• EBITDA: EUR189.0 million, +12.4%;
  • Airport: EUR129.2 million, +14.9%;
  • Handling: EUR6.3 million, -71.2%;
  • Retail and properties: EUR63.1 million, +20.1%;
• Net profit: EUR31.6 million, -58.3%;
• Passenger numbers: 21.1 million, +7.2%;
• Top destinations:
  • Frankfurt: 538,458;
  • London: 459,187;
  • Zurich: 428,927;
• Cargo volume: 277,784 tonnes, -6.2%;
• Aircraft movements: 246,157, stable;
• Capital expenditure:
  • Airport: EUR230.8 million, +81.0%;
• Total assets: EUR2150 million, +7.6%;
• Cash and cash equivalents: EUR111.3 million, +75.0%;
• Total liabilities: EUR1339 million, +13.9%. [more - original PR]

Flughafen Wien Group: "In spite of the economic uncertainty, the Management Board of Flughafen Wien is cautiously optimistic concerning the development of business in 2012. The target calls for EBITDA of at least EUR200 million and net profit of over EUR50 million as well as net debt that does not exceed four-times EBITDA, i.e. less than EUR800 million. A slight increase is also expected in revenue." Source: Company statement, 21-Mar-2012.