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Flughafen Wien Group:
7.6% increase in net profit to Euro 18.9 million for the first quarter of 2010
 
  • EBITDA: + 4.8% to Euro 43.7 million
  • EBIT: + 9.0% to Euro 27.4 million
  • Net profit for the period: + 7.6% to Euro 18.9 million
  • Passengers: + 6.3% to 3,892,051
 
The Flughafen Wien Group generated revenue of Euro 123.0 million during the first three months of 2010, which reflects an increase of 1.3% over the comparable prior year period. Profit after tax rose by 7.6% to Euro 18.9 million (1/3/2009: Euro 17.5 million) and outpaced the development of traffic. EBITDA amounted to Euro 43.7 million (+4.8%) and EBIT to Euro 27.4 million (+9.0%) for the first quarter of 2010. The stronger earnings growth in relation to the development of revenue was reflected in an improvement in the EBITDA margin to 35.5% (1/3/2009: 34.3%) and the EBIT margin to 22.2% (1/3/2009: 20.7%).
 
Segment revenue
Group revenue rose by 1.3% over the first three months of 2009 to equal Euro 123.0 million in the first quarter of 2010. This development was less than the growth in traffic due to an increase in incentives, above all the transfer incentive, to support traffic as well as lower income from security controls. External revenue recorded by the Airport Segment rose by 11.5% to Euro 57.4 million. This increase resulted above all from a change in the allocation of revenue from passenger and baggage controls, which were previously assigned to the Handling Segment. This change in allocation was also responsible for a Euro 5.1 million decline in Handling Segment revenue to Euro 39.9 million. The Retail & Properties Segment reported a 4.3% increase in revenue to Euro 22.3 million, while revenue registered by the "Other Segments" declined Euro 0.2 million to Euro 3.2 million.
 
Plus 6.3% in traffic during the first quarter of 2010
Vienna International Airport handled a total of 3,892,051 passengers during the period from January to March 2010, which represents a year-on-year increase of 6.3%. Increases of 6.6% were registered in passenger traffic to Eastern Europe and Western Europe. The above-average growth recorded by Middle East destinations continued with a plus of 15.4% for the first quarter. The development of traffic was also supported by North America and the USA, which recorded a plus of 7.5% and 10.6%, respectively, in the number of passengers. The Austrian Airlines Group handled 9.7% more passengers during the reporting period, which increased this carrier?s share of the total passenger volume from 48.3% to 49.8%. The low-cost carriers handled 22.3% of the passengers at Vienna International Airport (1?3/2009: 24.1%), for a decline of 1.7% in relation to the previous year. Maximum take-off weight (MTOW) totalled 1,701,418 tonnes, which is 3.5% higher than in the first quarter of 2009. Cargo volume (air cargo and trucking) increased 29.8% to 70,391 tonnes. The number of flight movements remained nearly unchanged in comparison with the prior year at 56,822. Seat occupancy rose from 61.3% in the first quarter of 2009 to 63.8% for the reporting period.
 
Corporate Spending
The major investments during the first three months of 2010 were the terminal extension VIE-Skylink at Euro 5.6 million, passenger security control lines at Euro 1.0 million, baggage sorting equipment at Euro 0.8 million and the ramp in front of the airport building at Euro 0.6 million. In addition, Euro 0.3 million each were invested in technical noise protection, the refurbishing of Terminal 2 and the guidance system.
 
Outlook
According to preliminary traffic results, the intermittent closing of air space over Europe as a result of the volcanic ash cloud led to a decline in the number of passengers and flight movements during the month of April. The number of passengers handled at Vienna International Airport fell by 8.0% and flight movements declined 7.1% in comparison with April 2009. In contrast, maximum take-off weight (MTOW) rose by 1.9%. During the period from January to April 2010, passenger volume rose by 2.1% year-on-year.
 
Under the condition that air traffic is not influenced by external effects (such as the volcanic ash cloud), Flughafen Wien AG is forecasting an increase of 3.0% in the number of passengers, 6.0% in maximum take-off weight (MTOW) and 1.0% in flight movements during 2010.
 
Investments of Euro 207.0 million are planned for 2010. This amount includes replacement and maintenance investments, but no investments in the third runway, the purchase of land or borrowing costs capitalised during construction.
 
 
 
 
For additional information contact:
 
Flughafen Wien AG Press Office                                             Investor Relations:
Peter Kleemann (+43-1-) 7007-23000                                         Mario Santi (+43-1-) 7007-22826
Birgit Fehsler (+43-1-) 7007-22254                                             m.santi@viennaairport.com
Clemens Schleinzer (+43-1-) 7007-22399
p.kleemann@viennaairport.com           
b.fehsler@viennaairport.com                                                  
 
 
 
 
 
21/10                                                               KP/PK                                                 21. May 2010
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Interim Financial Statements
 
Consolidated Income Statement in TEuro
 1-3/2010
 1-3/2009
Change
in %
Revenue
123,038.9
121,417.0
1.3%
Other operating income
4,324.4
2,792.4
54.9%
Operating income
127,363.3
124,209.5
2.5%
Consumables and services used
-12,819.7
-10,983.2
16.7%
Personnel expenses
-52,635.5
-52,556.6
0.2%
Other operating expenses
-18,203.6
-18,969.6
-4.0%
Earnings before interest, taxes, depreciation and amortisation (EBITDA)
43,704.6
41,700.0
4.8%
Depreciation and amortisation
-16,341.9
-16,594.6
-1.5%
Earnings before interest and taxes (EBIT)
27,362.7
25,105.5
9.0%
Net financing costs
-2,057.7
-1,614.4
27.5%
Other financial income/expense
10.8
-33.8
-131.9%
Financial results, excl. companies at equity
-2,047.0
-1,648.2
24.2%
Income from companies at equity
-220.8
-372.5
-40.7%
Financial results
-2,267.7
-2,020.7
12.2%
Profit before taxes (EBT)
25,094.9
23,084.8
8.7%
Income taxes
-6,219.7
-5,543.8
12.2%
Net profit for the period
18,875.2
17,541.0
7.6%
Thereof attributable to:
 
 
 
 Shareholders of the parent
18,876.2
17,543.6
7.6%
 Non-controlling interests
-1.1
-2.6
-59.0%
Earnings per share in Euro basic/diluted
0.90
0.84
7.1%

 
Flughafen Wien Aktiengesellschaft
Announcement
 
 
Flughafen Wien, 21.05.2010                                                                        The Management Board
 

 

 

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Judit Helenyi 

Head of

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Tel: +43-1-7007-23126

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Mario Santi

Investor Relations

Tel: +43-1-7007-22826

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