EANS-News

Flughafen Wien Group: Strong Passenger Growth and Significant Earnings Improvement in the First Quarter of 2018 Upward Revision of Guidance for 2018

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Quarterly Report

Vienna - Airport - Flughafen Wien Group:
Strong Passenger Growth and Significant Earnings Improvement in the First
Quarter of 2018
Upward Revision of Guidance for 2018

-- NET PROFIT FOR THE PERIOD in Q1/2018 up more than one-third to EUR 21.6
million (+35.3%)

-- REVENUE increase to EUR 163.9 million (+2.1%), EBITDA rise to EUR 64.8
million (+6.9%), EBIT improvement to EUR 33.3 million (+28.1%)

-- Upward revision of guidance for 2018:
Passengers: Group +8% (+1%p) and Vienna Airport +6% (+1%p)
Revenue: greater or equal EUR 770 million (+ EUR 10 million),
EBITA greater or equal EUR 350 million (+ EUR 10 million)
Net profit for the period: greater or equal EUR 148 million (+ EUR 8 million)

-- Traffic development in Q1/2018: 9.0% rise in passenger volume of the
Flughafen Wien Group - 6.6% increase in passengers handled by Vienna Airport

-- April 2018: 4.2% rise in passenger volume for the Flughafen Wien Group and
2.2% increase at Vienna Airport

-- Highest number of passengers ever recorded at Vienna Airport on April 27,
2018, with 92,605 travellers

"Vienna Airport has managed to overcome the repercussions of the Air Berlin
bankruptcy and successfully started the year 2018. The good air traffic
development, above all by our foreign subsidiaries, combined with one-off real
estate income of EUR 3.0 million against the backdrop of strict cost discipline
to serve as the basis for a net rise in earnings of 35% in Q1/2018. Moreover,
the financial guidance for 2018 has been significantly improved, so that the net
profit* for the entire year is now expected to surpass the level of EUR 148
million. The number of people employed at the Vienna Airport site continues to
grow strongly because new companies are continuously settling here, and similar
to various airlines, are substantially expanding their staffs", explains Günther
Ofner, Member of the Management Board of Flughafen Wien AG.

"In April 2018, we already registered the busiest day in the airport's history,
with over 92,600 passengers. I assume that this record will be broken once again
this year. Based on this very good development, we are revising our passenger
forecast upwards for 2018 to show a rise of 8% (+1%p) in the Group and 6% (+1%p)
at Vienna Airport. The main growth drivers underlying this good performance are