EANS-News

Flughafen Wien AG on the 2014 Financial Year: Significant Earnings Improvement despite Strong Crisis-Related Headwinds - Seite 2

reductions of the airlines and the crisis situations in Russia,
Ukraine and the Middle East in the first quarter of the current year.
Consistent productivity increases and high quality has considerably
improved the company's competitive situation, which will enable
further growth on our path to becoming an Airport City", says Günther
Ofner, Member of the Management Board of Flughafen Wien AG.

"In terms of traffic development, the past year went very well,
featuring a new passenger record of 22.5 million travelers using
Vienna Airport. We achieved strong growth of 27.8% in the long-haul
segment, and an 8.3% rise in cargo volume", explains Julian Jäger,
Member of the Management Board of Flughafen Wien AG. "We are slightly
optimistic with respect to the current year, and new flight offerings
have already been announced. Although decreases in flight traffic are
still likely to occur in the first months of 2015, we expect an
increase in passenger volume of between 0% and 2% for the entire year
2015", he Jäger adds.

Dividend up to EUR 1.65 per share

Thanks to the good business development in 2014, the Annual General
Meeting scheduled for May 6, 2015 will be asked to approve a dividend
of EUR 1.65 per share (2013: EUR 1.30) or a total dividend payout of
EUR 34.65 million. All employees of Flughafen Wien AG will also
profit from the higher dividend, which is the result of their
successful work, through the employee foundation that holds 10% of
the shares. The dividend yield for the 2014 financial year equals
2.15% based on the share price as of December 31, 2014, and the
dividend payout ratio comprises about 42% of the net profit for 2014
after non-controlling interests.

Revenue and earnings development in the segments

Revenue in the Airport Segment rose by 3.8% year-on-year to EUR 344.1
million. EBIT improved by 9.0% to EUR 45.7 million. The Handling
Segment registered a 4.0% drop in revenue to EUR 145.7 million, which
resulted primarily from the decline in de-icing services as a
consequence of the very mild winter and the general decrease in the
number of flight movements. Accordingly, and taking into account the
higher personnel expenses and after deducting depreciation and
amortization, EBIT generated by the segment amounted to EUR 12.1
million, a drop of 29.3%. The results also include the security