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23.08.2007 | IR news

23.08.2007: First six months of 2007 brings 14.1% increase in EBIT to € 60.9 million

  • + 6.5% in revenue to € 239.9 million
  • + 12.4% in EBITDA to € 94.4 million
  • + 14.1% in EBIT to € 60.9 million
  • + 9.6% in net profit for the period to € 42.4 million
  • + 8.9% in passengers to 8,562,570
Revenue recorded by the Flughafen Wien Group for the first half of 2007 rose by 6.5% to € 239.9 million and EBITDA by 12.4% to € 94.4 million. The EBITDA margin improved 1.8 percentage points to 38.0%. EBIT increased 14.1% to € 60.9 million and net profit attributable to shareholders of the parent company by 9.6% to € 42.4 million.
These results were announced by the members of the Managing Board of Flughafen Wien AG, Herbert Kaufmann, Christian Domany and Gerhard Schmid, at a press conference on Thursday in Vienna.
Higher revenues in Airport and Non-Aviation segments
The favourable development of traffic supported an increase of 6.8% in external revenue registered by the Airport Segment to € 107.4 million, despite a reduction of 1.38% in the landing tariff. External revenue in the Handling Segment fell 0.8% below the comparable prior year value to € 70.2 million for the first half of 2007 largely as the result of the mild winter, which led to a decline in de-icing services and a corresponding drop of 26.5% in individual services. The average market share fell one percentage point to 88.8%. The steady growth of revenue in the Non-Aviation Segment continued with an increase of 15.6% to € 62.2 million, which was related chiefly to higher income from security controls, rentals, shops and gastronomy as well as parking.
Passenger growth outpaces European average
With an increase of 8.9% in passenger volume to roughly 8.6 million, the growth at Vienna International Airport again exceeded the average for the aviation branch in Europe, which reached 5.5% according to Airport Council International.
Particularly strong growth was recorded in traffic to the Middle East, with a plus of 16.8% in the number of passengers. Vienna International Airport was also able to expand its excellent market position in traffic to Eastern Europe ? the number of passengers to this region rose by 20.0% year-on-year. This development was supported above all by the Austrian Airlines Group.
The low-cost carriers again recorded above-average growth during the first half of 2007 ? an increase of 38.3% raised the share of these airlines from 13.3% to 16.8% of total passenger volume based on a seat occupancy rate of 69.2%. 
The sound development of traffic was also strengthened by the addition of new airlines to the flight plan at Vienna International Airport during the first six months of this year: Korean Air, Air One, Air Transat, Click Air, Delta Airlines, Estonian Air, SkyEurope Airlines and Saudi Arabian Airlines.
Expansion continues
The largest projects carried out during the first six months of 2007 included the VIE-Skylink Terminal expansion at € 35.0 million, the Office Park II at € 16.8 million, baggage sorting equipment at € 10,0 million and the enlargement of the railway station at € 3.6 million.
Successful investment in Flughafen Friedrichshafen GmbH
Flughafen Wien AG acquired a stake of 25.15% in Flughafen Friedrichshafen GmbH during the second quarter of 2007 and thereby became the largest single shareholder of this company. The majority holding of 50.1% is owned by various public authorities, while the remaining shares are held by regional companies.
The investment in the Bodensee-Airport Friedrichshafen represents an important step in the growth course of Flughafen Wien AG with significant potential for the future: forecasts call for two-digit growth rates and strong economic momentum in this region, which is also highly attractive as a tourism destination. The Bodensee-Airport Friedrichshafen, which located on the borders of Germany, Austria and Switzerland, handled 650,000 passengers in 2006.
New forecasts for the full year 2007
Based on the upward trend registered during the first seven months, the forecasts for the full year 2007 have been revised. The volume of passengers is now expected to increase by 8.0% (previous forecast 5.0%), flight movements by 4.5% (previous forecast 2.0%) and MTOW by 5.0% (previous forecast 3.0%).
The interim report on the second quarter of 2007 is available for download in pdf format on the homepage of Flughafen Wien AG.
Photos of the press conference under Icon für Inpagelink
© Formanek
For additional information contact:
Group Communications Flughafen Wien AG:
Michael Kochwalter (+43-1-) 7007-22300
Brigitta Pongratz (+43-1-) 7007-22399
Birgit Fehsler (+43-1-) 7007-22254
Elisabeth Kern (+43-1-) 7007-23000



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