EANS-News

Vienna Airport Shows Growth Once Again in Q1/2019 - Seite 2

Jäger, Member of the Management Board of Flughafen Wien AG.


Good traffic development in Q1/2019: +19.9% rise in passenger volume in the
Flughafen Wien Group**

The Flughafen Wien Group including the foreign strategic investments in Malta
Airport and Kosice Airport handled a total of 7.3 million passengers in the
period January to March 2019, comprising a year-on-year rise of 19.9% from the
prior-year level. The number of passengers at Vienna Airport climbed 24.6% to
6,059,700 travellers in the months of January to March 2019. The number of local
passengers was up 29.4% in the first quarter of 2019, whereas transfer passenger
traffic rose by 8.6%. The number of flight movements in the period January-March
2019 was up 15.8% from the previous year to 56,343 starts and landings. The
average seat occupancy (seat load factor) rose slightly from 70.0% to 70.7% in
the first three months of 2019. Cargo volume (air cargo and trucking) fell by
2.0% in the same period to 66,641 tonnes. Passenger traffic at Malta Airport
increased by 2.6% to 1,203,014 passengers. This was in contrast to the 8.5%
decline in passenger volume at Kosice Airport, which handled 83,942 passengers
in the same period.

According to the global airport association Airports Council International
(ACI), European airports reported an average passenger growth of 4.4% in the
first quarter of 2019. Vienna Airport showed the strongest growth in Q1/2019 of
all European airports with more than 25 million passengers per year.


Q1/2019: Revenue increase to EUR 177.3 million (+8.2%) and net profit for the
period of EUR 25.5 million (+18.0%)

Revenue generated by the Flughafen Wien Group in Q1/2019 improved by 8.2% to EUR
177.3 million, and EBITDA was up 10.5% to EUR 71.6 million. First-quarter EBIT
increased by 15.1% to EUR 38.4 million, and the net profit after minorities for
the period climbed 17.7% in Q1/2019 to EUR 24.1 million. Net debt could be
reduced to EUR 157.4 million (1.1.2019: EUR 198.2 million)***. The free cash
flow equalled EUR 24.6 million (Q1/2018: EUR 13.0 million).


Revenue and earnings development in the segments

Revenue in the Airport Segment rose by11.7% year-on-year to EUR 83.2 million in
Q1/2019. Segment EBIT improved to EUR 13.8 million (Q1/2018: EUR 8.5 million).
The Handling and Security Services Segment registered a 2.6% drop in revenue to
EUR 38.5 million, and the segment's EBIT fell to minus EUR 1.1 million (Q1/2018:
EUR 3.1 million). This segment also includes the security services of VIAS, the