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NEWS Last modified on November 18, 2014

Flughafen Wien AG reports positive traffic and business growth

Flughafen Wien AG has reported positive traffic and business development for the first nine months of 2014.

After an extremely mild winter in the first quarter of 2014 and related decline in revenue from aircraft de-icing, revenue picked up in the following months and increased by 1.4% in the period January to September 2014.

Earnings were significantly improved due to cost reduction and productivity increases.

EBITDA climbed 4.8% to €200.8 million, whereas EBIT rose by 12.1% to €105.8 million, and the net profit after non-controlling interests was up 17.2% to €75.4 million, and net was substantially reduced to €519.9 million.

On the basis of this good business development, Flughafen Wien revised its original guidance for 2014 upwards.

EBITDA is expected to surpass €245 million, compared to the previous forecast of €240 million, and the consolidated net profit will likely be over €80 million, up from € 75 million.

Günther Ofner, chief financial officer of Flughafen Wien AG, says business developed well in spite of considerable challenges such as political crises in Ukraine and Middle East, unfavourable exchange rate fluctuations and strike-related flight cancellations.

Flughafen Wien AG expects an increase in passenger traffic of between 2% and 3% for 2014 at Vienna Airport, and a 2.9% increase in traffic in the first nine months of 2014, up to 17.2 million passengers.

In October, traffic increased 1.4% to 2,038,924 people, and aircraft movements climbed by 0.7%, and cargo volume rose by 10.8%.

Julian Jäger, member of the management board of Flughafen Wien AG, explains from a traffic perspective, long-haul flight connections to North America and the Far East are especially developing "very positively" at Vienna.

He adds: “At the same time, we are pressing ahead with our service drive. The new design of Pier West featuring an extensive culinary offering from DO & CO has been concluded, numerous new shops were opened and new service facilities were initiated such as waiting time measurements at security checks.

“The putting into operation of the enlarged train station at Vienna Airport enabling long-distance trains coming from a westerly direction to make a stop at the airport will provide added impetus.”

Strategic investments also developed well as Malta Airport reported a cumulative passenger growth of 6.7% in the period January-October 2014 to 3.8 million passengers, while the number of passengers handled by Kosice Airport also rose by 53.7% to 320,554 passengers.

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