Press releases


15.05.2008 | IR news

15.05.2008: Flughafen Wien Group:
Net profit for the first quarter of 2008 rises
18.1% to € 20.8 million

 

  • + 16.2% in revenue to € 128.8 million
  • + 13.3% in EBITDA to € 46.8 million
  • + 19.1% in EBIT to € 29.7 million
  • + 18.1% in net profit to € 20.8 million
  • + 16.4% in passengers to 4,296,149

 

The Flughafen Wien Group recorded a year-on-year increase of 16.2% in revenue to € 128.8 million for the first quarter of 2008. EBITDA increased 13.3% to € 46.8 million and EBIT rose by 19.1% to € 29.7 million. The EBITDA margin declined 0.9 percentage points to 36.4% following an above-average rise in other operating expenses in relation to the growth in revenue, while the EBIT margin grew 0.6 percentage points to 23.1%. Profit attributable to the shareholders of the parent company totalled € 20.8 million for the first three months of 2008, which is 18.1% higher than the first quarter of 2007.

 

Revenue growth in all segments

Despite a reduction of 1.04% in the passenger tariff at the start of this year, the sound growth in traffic led to an increase of 18.6% in revenue recorded by the Airport Segment to € 56.7 million. Revenue in the Handling Segment increased 14.4% to € 38.0 million as the result of a 13.0% increase in handling services. The positive development of revenue in the Non-Aviation Segment continued during the first quarter of 2008 with a plus of 14.4% to € 34.1 million, which was supported above all by higher income from security controls, rentals, shops and gastronomy facilities as well as parking.

 

Sound development of traffic

Vienna International Airport handled a total of 4,296,149 passengers from January to March 2008, which represents an increase of 16.4% over the comparable prior year period. Traffic to Eastern Europe rose by 28.7%, while the Middle East recorded a plus of 15.4%. The low-cost carriers again recorded strong growth ? an increase of 80.2% in passengers during the reporting period raised their share of the total passenger volume at Vienna International Airport by 8.3 percentage points to 23.5%.

 

Corporate spending

The largest projects carried out during the first quarter of 2008 included the terminal expansion (VIE-Skylink) at € 27.6 million, the enlargement of car park 4 at € 7.6 million, security systems at € 4.6 million and the installation of additional bus gates in Pier West at € 1.5 million.

 

Outlook

The expansion programme remains the primary focus of activities, whereby the most important project ? the terminal extension (VIE-Skylink) ? is scheduled to open before the peak traffic season in 2009. The tender process for the allocation of retail and gastronomy space in the VIE-Skylink has been concluded, and detailed planning with the operators of the 52 new shops in the new terminal areas will start during the coming months. Construction on the core zone and traffic infrastructure, which started in autumn of 2007, is proceeding according to plan. The 2,250 additional spaces in car park 4 should be completed during the second quarter of 2008, before the start of the UEFA EURO 2008TM soccer championships. The Airport Logistic Center, which will provide smaller rental facilities to logistics companies in the Cargo North area, will be completed during the second quarter of 2008.
 
Results for April show that the strong growth in traffic during the first three months of 2008 continued in all segments. In comparison with April of the previous year, the number of passengers rose by 9.8%.

 

 

For additional information contact:

Corporate 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
m.kochwalter@viennaairport.com
b.pongratz@viennaairport.com
b.fehsler@viennaairport.com
e.kern@viennaairport.com

 

Investor Relations:

Robert Dusek (+43-1-) 7007-23126
mailto: r.dusek@viennaairport.com 
 
Homepage: www.viennaairport.com

 

 

Consolidated Interim Financial Statements

 

Consolidated Income Statement in T€1-3/20081-3/2007Change

Revenue

128,772.3

110,834.2

16.2%

Other operating income

2,304.7

1,894.8

21.6%

Operating income

131,077.0

112,728.9

16.3%

Consumables and services used

-10,911.1

-8,952.6

21.9%

Personnel expenses

-52,351.6

-48,579.3

7.8%

Other operating expenses

-20,995.4

-13,891.6

51.1%

Earnings before interest, taxes, depreciation and amortisation (EBITDA)

46,818.9

41,305.4

13.3%

Depreciation and amortisation

-17,088.1

-16,336.5

4.6%

Earnings before interest and taxes (EBIT)

29,730.8

24,968.9

19.1%

Net financing costs

-2,595.3

-1,372.1

89.1%

Other financial income/expense

105.0

-80.4

-230.6%

Financial results, excl. companies at equity

-2,490.3

-1,452.5

71.5%

Income from companies at equity

-163.3

20.9

-883.1%

Financial result

-2,653.6

-1,431.6

85.4%

Profit before taxes (EBT)

27,077.2

23,537.3

15.0%

Income taxes

-6,271.1

-5,635.4

11.3%

Net profit for the period

20,806.1

17,901.9

16.2%

Thereof attributable to:

 

 

 

Equity holders of the parent

20,801.9

17,617.7

18.1%

Minority interest

4.2

284.2

-98.5%

Earnings per share (in €) basic/diluted

0.99

0.84

17.9%


 

 

Flughafen Wien Aktiengesellschaft
Announcement

The report by Flughafen Wien AG on the first quarter from
1 January to 31 March 2008 is available to the general public
from the company at 1300 Flughafen Wien
and from Bank Austria, 1010 Vienna, Am Hof 2.
Flughafen Wien, 15.05.2008 

The Management Board


Annual Reports and Quarterly Reports

CONTACT

 

 

Judit Helenyi 

Head of

Investor Relations

Tel: +43-1-7007-23126

E-Mail

 

Mario Santi

Investor Relations

Tel: +43-1-7007-22826

E-Mail

 

Investor Relations 

Fax: +43-1-7007-23806

E-Mail