Flughafen Wien Group reports 'strong' 1H2016, confirms full year financial guidance

Flughafen Wien Group revenue up 7% - financial highlights for six months ended 30-Jun-2016:

• Revenue: EUR334.4 million, +7.3% year-on-year;
• • Airport: EUR171.4 million, +2.8%;
  • Handling: EUR75.5 million, +2.5%;
  • Retail and properties: EUR59.5 million, -6.1%;
  • Malta: EUR19.8 million, n/a;
• Adjusted EBITDA: EUR149.7 million, +9.9%;
• Adjusted net profit: EUR57.7 million, +21.3%;
• Total assets: EUR2249 million;
• Cash and cash equivalents: EUR47.0 million;
• Total liabilities: EUR1038 million. [more - original PR]

Flughafen Wien Group: "We confirm our financial guidance: EBITDA should surpass the figure of EUR310 million and the Group net profit (before non-controlling interests, excluding the revaluation of Malta) is expected to be over EUR115 million. Net debt should be further reduced and decline below the threshold of EUR400 million. Revenue will be above EUR725 million instead of the previously projected EUR740 million, mainly due to reclassifications and the acquisition of Hermione." Source: Company statement, 22-Aug-2016.