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Flughafen Wien Group Continues Upswing: Substantial Passenger Growth and Perceptible Earnings Improvement in the First Three Months of 2017 - Seite 3
2017. During the same period, Kosice Airport reported a considerable rise of
8.5% in a year-on-year comparison, handling a total of 76,472 passengers.
Substantial improvements in financial performance indicators in Q1/2017
Revenue of the Flughafen Wien Group in the first three months of 2017 were up
4.3% to EUR 160.6 million, whereas EBITDA rose 1.6% to EUR 60.7 million. EBIT
improved by 3.5% to EUR 26.0 million, and the net profit for the period
increased by 9.8% to EUR 15.9 million in Q1/2017 due to the improved financial
results. Net debt was reduced once again to EUR 324.6 million. The free cash
flow totalled EUR 40.7 million (Q1/2016: EUR 116.2 million).
Revenue and earnings development in the segments
Revenue of the Airport Segment climbed 1.4% in Q1/2017 from the prior-year
period to EUR 75.0 million. Segment EBIT improved to EUR 4.7 million (Q1/2016:
EUR 4.3 million). The Handling Segment showed a 8.9% increase in revenue to EUR
39.0 million, and segment EBIT was up to EUR 2.5 million (Q1/2016: EUR 0.1
million). This includes the security services provided by VIAS as well as the
handling services of Vienna Aircraft Handling (VAH) and Vienna Passenger
Handling Services (VPHS). The Retail & Properties Segment reported a revenue
increase of 3.2% in the first three months of 2017 to EUR 29.4 million. This
rise can be attributed to higher shopping, F&B (food & beverage) and rental
income. EBIT of the Retail & Properties Segment amounted to EUR 13.5 million
(Q1/2016: EUR 15.5 million). Revenue of the Malta Segment was up 15.8% to EUR
13.4 million, and the segment's EBIT improved to EUR 3.5 million compared to EUR
1.8 million in the prior-year period. Revenue of the Other Segments fell 8.4% to
EUR 3.8 million, and segment EBIT amounted to EUR 1.9 million (Q1/2016: EUR 3.3
million).
Investments
Total investments in the first three months of 2017 amounted to EUR 35.6
million, with the largest share or EUR 14.2 million for purchases of land for
the development of property projects, followed by investments of EUR 4.3 million
in the expansion of the Air Cargo Center, EUR 4.2 million for terminal
renovations at Malta Airport and EUR 1.5 million relating to the expansion of a
transformer station.
Traffic development in April 2017:
Strong passenger growth of the Flughafen Wien Group to 2.7 million passengers
(+16.8%)
In April 2017, the Flughafen Wien Group (Vienna Airport, Malta Airport and
Kosice Airport) handled a total of 2.7 million passengers, comprising an
increase of 16.8% from April 2016. The accumulated passenger volume for the
Flughafen Wien Group rose 9.7% to 8.3 million passengers in the period January
4.3% to EUR 160.6 million, whereas EBITDA rose 1.6% to EUR 60.7 million. EBIT
improved by 3.5% to EUR 26.0 million, and the net profit for the period
increased by 9.8% to EUR 15.9 million in Q1/2017 due to the improved financial
results. Net debt was reduced once again to EUR 324.6 million. The free cash
flow totalled EUR 40.7 million (Q1/2016: EUR 116.2 million).
Revenue and earnings development in the segments
Revenue of the Airport Segment climbed 1.4% in Q1/2017 from the prior-year
period to EUR 75.0 million. Segment EBIT improved to EUR 4.7 million (Q1/2016:
EUR 4.3 million). The Handling Segment showed a 8.9% increase in revenue to EUR
39.0 million, and segment EBIT was up to EUR 2.5 million (Q1/2016: EUR 0.1
million). This includes the security services provided by VIAS as well as the
handling services of Vienna Aircraft Handling (VAH) and Vienna Passenger
Handling Services (VPHS). The Retail & Properties Segment reported a revenue
increase of 3.2% in the first three months of 2017 to EUR 29.4 million. This
rise can be attributed to higher shopping, F&B (food & beverage) and rental
income. EBIT of the Retail & Properties Segment amounted to EUR 13.5 million
(Q1/2016: EUR 15.5 million). Revenue of the Malta Segment was up 15.8% to EUR
13.4 million, and the segment's EBIT improved to EUR 3.5 million compared to EUR
1.8 million in the prior-year period. Revenue of the Other Segments fell 8.4% to
EUR 3.8 million, and segment EBIT amounted to EUR 1.9 million (Q1/2016: EUR 3.3
million).
Investments
Total investments in the first three months of 2017 amounted to EUR 35.6
million, with the largest share or EUR 14.2 million for purchases of land for
the development of property projects, followed by investments of EUR 4.3 million
in the expansion of the Air Cargo Center, EUR 4.2 million for terminal
renovations at Malta Airport and EUR 1.5 million relating to the expansion of a
transformer station.
Traffic development in April 2017:
Strong passenger growth of the Flughafen Wien Group to 2.7 million passengers
(+16.8%)
In April 2017, the Flughafen Wien Group (Vienna Airport, Malta Airport and
Kosice Airport) handled a total of 2.7 million passengers, comprising an
increase of 16.8% from April 2016. The accumulated passenger volume for the
Flughafen Wien Group rose 9.7% to 8.3 million passengers in the period January
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