Press releases & news
Flughafen Wien AG welcomes the decision by the ATX Committee of the Vienna Stock Exchange to again include the Flughafen Wien share in the leading ATX index.
This step confirms the companys sound development and the correctness of the measures we have implemented. The company has undergone a number of important changes in key areas and made significant progress: productivity has increased, costs were cut and net debt was reduced dramatically. We are pleased to see the renewed investors confidence in our share and welcome the return of Flughafen Wien AG to the ATX. This decision is also a sign of recognition for the employees of Flughafen Wien AG and its subsidiaries, who supported the successful turnaround with their commitment and performance. We will continue to follow this course in the future, commented Günther Ofner, member of the Managing Board of Flughafen Wien AG.
Flughafen Wien AG has produced impressive development in recent years: net debt was reduced from approx. 750 million to 633 million in 2013. Despite a slight decline in the number of passengers, revenue rose by 2.4% to 622 million and net profit reached 73.3 million (+1.3%) in 2013. The companys successful development is also reflected on the capital market: in the three years since the Flughafen share was removed from the ATX, the share price has risen 155% over the low in December 2011. Market capitalisation increased from the previous level of 540 million to approx. 1,376 million as of 3 March 2014, for a plus of 836 million. Forecasts for 2014 call for an increase in revenue to 630 million and net profit to over 75 million. Net debt should also fall to below 600 million.
Flughafen Wien AG Press Office
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