EQS-News: Flughafen Wien AG / Key word(s): Quarterly / Interim Statement/9 Month
figures
Flughafen Wien AG in Q1-3/2024: Positive development in passenger traffic,
revenue and net profit
14.11.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Flughafen Wien AG in Q1-3/2024: Positive development in passenger traffic,
revenue and net profit
• Q1-3/2024: Positive passenger growth of +9.1% to 31.6 million passengers in
the Flughafen Wien Group, growth at the Vienna site of +7.2% to 24.1 million
passengers
• Despite significantly higher costs – slightly improved key financial figures
in Q1-3/2024: 13.3% increase in revenue to € 792.5 million, EBITDA improves
by 10.8% to € 368.1 million and EBIT by 14.4% to € 268.7 million – Profit
for the period up 19.4% to € 207.0 million (Earnings contribution Malta
Airport already at € 40 million)
• October 2024: 3.8 million passengers in the Group (+8.0%) and 3.0 million
passengers at the Vienna site (+7.8%)
• Passenger guidance: The FWAG Group expects more than 39 million passengers
in 2024 and more than 30 million passengers at the Vienna site. The
financial guidance assumes revenue of over € 1 billion, EBITDA of over € 400
million and a profit for the period of over € 220 million.
“Vienna Airport will exceed the billion – euro revenue threshold for the first
time in 2024 – increasing investments strengthen the location – new company
relocations create additional jobs”
“Vienna Airport will exceed the billion-euro revenue threshold for the first
time in 2024. Investments will increase to more than € 200 million in 2024,
above all in the Southern Terminal Expansion, but the construction of the new
hotel and new company relocations will also strengthen the location. We are
confident that we will be able to achieve our financial targets for 2024 in view
of the continuing demand for travel. With the establishment of the TUI Austria
headquarters, the AirportCity is also continuing to grow strongly. The largest
hotel in Lower Austria with 510 rooms will open at the airport as early as next
autumn”, says Dr. Günther Ofner, Joint CEO and CFO of Flughafen Wien AG.
“Growth in passenger volume and the flight offering – Tenant acquisition for the
Southern Terminal Expansion is underway”
“The strong passenger growth is continuing. Thanks to a record summer season,
the third quarter showed an excellent development. With 27.1 million passengers
at Vienna Airport from January to October 2024, we are currently performing
better than in 2019. The winter flight schedule includes many new destinations
and flight offerings. From today’s perspective, we will register more than 30
million passengers at Vienna Airport in the entire year 2024. The good
development of the airlines, the expansion of long-haul flight service,
especially to Asia, and the new flight offering on short-, medium- and long-haul
routes in the winter of 2024/25 are the main growth drivers. Passenger traffic
continues to increase, and the Southern Terminal Expansion, our key project to
ensure enhanced service quality, is well on track. At present we are talking
with various renowned suppliers and brands concerning their letting future
shopping and catering space. The new Southern Terminal Expansion will provide an
additional 10,000 m² for shopping and eateries and 30 new outlets. Travellers
await a considerably better shopping, food and beverage experience and greater
comfort during their stay at Vienna Airport starting in 2027,” states Mag.
Julian Jäger, Joint CEO and COO of Flughafen Wien AG.
Q1-3/2024: 24.1 million passengers at Vienna Airport
The positive development of passenger traffic continued in the third quarter
following a strong first half of the year. In the period January to September
2024, the Flughafen Wien Group (Vienna Airport and the international strategic
investments in Malta Airport and Kosice Airport) reported a 9.1% rise in
passenger volume to a total of 31,626,531 travellers. Vienna Airport registered
an increase in the number of passengers it handled to 24,119,913 (+7.2%). The
number of flight movements climbed to 177,356 in Q1-3/2024. The average seat
load factor in the first nine months of the year remained constant at the high
level of the previous year, equalling 81.1%. Cargo volume (air cargo and
trucking) showed a significant increase, climbing 19.7% to 216,360 tonnes. Malta
Airport reported a strong rise in passenger traffic to 6,896,928 travellers in
Q1-3/2024 (+15.5%). Kosice Airport handled 609,690 passengers, up 9.4% from the
prior-year month. Both of Flughafen Wien AG’s foreign strategic investments
recorded higher passenger volumes over the last months than in the comparable
period of 2019.
Q1-3/2024: Revenue increase to € 792.5 million (+13.3%) and rise in the Group
net profit to € 207.0 million (+19.4%)
In Q1-3/2024, the Flughafen Wien Group generated revenue of € 792.5 million,
comprising a year-on-year increase of 13.3% from the first three quarters of
2023. EBITDA rose to € 368,1 million compared to the prior-year figure in
Q1-3/2023, whereas EBIT climbed to € 268.7 million. The Group net profit before
non-controlling interests rose to € 207.0 million in Q1-3/2024. This earnings
growth can be attributed to the good operating development and a clearly
positive financial result. The cash flow from operating activities totalled €
322.1 million (Q1-3/2023: € 319.8 million).
Revenue and earnings development of all the segments
Q1-3/2024 revenue of the Airport Segment climbed from the prior-year period to €
381.9 million, and segment EBIT improved to € 117.0 million. The Handling and
Security Services Segment registered a revenue increase to € 133.9 million
compared to Q1-3/2023, whereas segment EBIT rose to € 10.9 million. This segment
also includes the security services of VIAS as well as the handling services
provided by Vienna Airport FBO (VAF) and Vienna Passenger Handling Services
(VPHS). The Retail & Properties Segment reported a rise in revenue in Q1-3/2024
to € 151.8 million. EBIT of this segment climbed to € 72.2 million. Revenue of
the Malta Segment was up to € 107.8 million in Q1-3/2024 compared to the
prior-year period. Segment EBIT amounted to € 59.5 million.
Capital expenditure
A total of € 131.0 million was invested in intangible assets and property, plant
and equipment as well as investment property or advance payments in the first
nine months of 2024 (Q1-3/2023: € 61.2 million). The largest investment project
at Vienna Airport entailed expenditures of € 54.4 million for the Southern
Terminal Expansion. A total of € 39.7 million was invested at Malta Airport in
the period Q1-3/2024.
Forecast for passenger development in 2024: More than 39 million passengers
expected in the Flughafen Wien Group and more than 30 million at Vienna Airport
The remaining months in 2024 will see a further upward development of passenger
volumes. More than 30 million passengers are expected at Vienna Airport in the
entire year 2024, whereas passenger traffic in the Flughafen Wien Group
(including the international strategic investments) will likely exceed 39
million travellers.
Financial guidance for 2024
The Flughafen Wien Group expects total revenue to surpass € 1.0 billion by the
end of the year, as well as EBITDA of over € 400 million and a Group net profit
for the year before non-controlling interests of at least € 220 million. Total
investments are anticipated to surpass the level of € 200 million. The current
passenger and financial guidance is based on the assumption that there will not
be any additional adverse geopolitical effects or massive restrictions on flight
traffic.
Traffic development in October 2024: More passengers than 2019
Flughafen Wien Group: 3.8 million passengers in October 2024
In October 2024, the Flughafen Wien Group (Vienna Airport, Malta Airport and
Kosice Airport) reported a strong rise in passenger traffic to 3,836,309
travellers (+8.0% vs. October 2023).
Vienna Airport: 3.0 million passengers in October 2024
Passenger volume at Vienna Airport in the month of October 2024 improved
compared to the prior-year month, with the number of passengers up to a total of
2,954,291 travellers (+7.8%), or 3.7% higher than the pre-crisis level of
October 2019.
Traffic results in detail
The number of local passengers at Vienna Airport in October 2024 climbed 7.7%
from the previous year to 2,248,473 travellers, whereas transfer passenger
traffic rose 8.0% to 696,276. The number of flight movements in October 2024
rose 6.3% from the prior-year level to 21,824. Cargo volume at Vienna Airport
showed a significant increase, climbing 35.6% to 29,427 tonnes.
The total number of passengers at Vienna Airport flying to destinations in
Western Europe in October 2024 was up to 1,027,140 (+6.8% from October 2023),
whereas Eastern European traffic in October 2024 rose to 246,384 passengers
(+13.1%). Passenger traffic to North America equalled 52,895 travellers, up
26.2% from the prior-year month, and the number of passengers flying to Africa
increased to 37,201 (+7.5%). Passenger volume to the Middle East totalled 65,538
travellers in October 2024
(-18.4%), and the number of passengers flying to Far Eastern destinations
climbed to 59,731 (+23.7%).
The international strategic investments of the Flughafen Wien Group also
developed very well. Malta Airport recorded year-on-year growth in passenger
volume to 838,393 travellers (+8.7%) in the month of October 2024, already 19.2%
above the pre-crisis level of 2019. Kosice Airport reported an increase of 6.1%
from October 2023 to 43,625 passengers, recording a rise of 21.9% from the
pre-crisis year of 2019.
Cumulative passenger traffic in the period January to October 2024: +7.3% at
Vienna Airport and +9.0% in the Flughafen Wien Group
Total passenger traffic at Vienna Airport from January to October 2024 rose 7.3%
to a cumulative figure of 27,074,204 travellers, or 1.0% higher than the
pre-crisis level of 2019. Cargo volume at Vienna Airport was up 21.4% to 245,788
in the period January-October 2024. The Flughafen Wien Group (Vienna Airport,
Malta Airport and Kosice Airport) reported a 9.0% rise in passenger volume to
35,462,840 travellers in the first nine months of 2024.
Details on traffic results can be found in the table below.
Traffic development October 2024
Vienna Airport (VIE)
10/2024 Diff. % 2023 01-10/2024 Diff.% 2023
Passengers arr+dep+transit 2,954,291 +7.8 27,074,204 +7.3
Local passengers arr+dep 2,248,473 +7.7 21,004,363 +8.6
Transfer passengers arr+dep 696,276 +8.0 5,986,478 +2.6
Flight movements arr+dep 21,824 +6.3 199,180 +5.9
Cargo arr+dep (in tonnes) 29,427 +35.6 245,788 +21.4
MTOW (in tonnes) 932,572 +8.5 8,528,206 +8.5
Malta Airport (MLA, fully consolidated)
10/2024 Diff. % 2023 01-10/2024 Diff. % 2023
Passengers arr+dep+transit 838,393 +8.7 7,735,321 +14,7
Local passengers arr+dep 837,455 +8.9 7,725,181 +15,0
Transfer passengers arr+dep 938 -60.3 10,082 -61,7
Flight movements arr+dep 5,485 +8.4 50,379 +14,3
Cargo arr+dep (in tonnes) 2,004 +0.9 18,002 +14,9
MTOW (in tonnes) 213,498 +7.6 1,952,639 +13,4
Kosice Airport (KSC, consolidated at equity)
10/2024 Diff. % 2023 01-10/2024 Diff. % 2023
Passengers arr+dep+transit 43,625 +6.1 653,315 +17.4
Local passengers arr+dep 43,625 +6.1 653,315 +17.4
Transfer passengers arr+dep 0 n.a. 0 n.a.
Flight movements arr+dep 372 +15.5 5,076 +24.6
Cargo arr+dep (in tonnes) 1 +24.9 3 +194.3
MTOW (in tonnes) 9,979 +2.8 155,859 +16.1
Vienna Airport and strategic investments (VIE, MLA, KSC)
10/2024 Diff. % 2023 01-10/2024 Diff. % 2023
Passengers arr+dep+transit 3,836,309 +8.0 35,462,840 +9.0
Local passengers arr+dep 3,129,553 +8.0 29,382,859 +10.4
Transfer passengers arr+dep 697,214 +7.7 5,996,560 +2.3
Flight movements arr+dep 27,681 +6.9 254,635 +7.8
Cargo arr+dep (in tonnes) 31,432 +32.7 263,793 +20.9
MTOW (in tonnes) 1,156,049 +8.3 10,636,704 +9.5
Note: Total number of passengers includes local, transfer and transit
passengers,
Traffic data adjusted.
Consolidated Income Statement
in € million Q1-3/2024 Q1-3/2023
Revenue 792.5 699.4
Other operating income 11.2 8.4
Operating income 803.7 707.8
Expenses for consumables and purchased services -40.2 -39.3
Personnel expenses -281.8 -246.4
Other operating expenses -120.9 -89.9
Reversals of impairment/impairment on receivables 5.0 -2.2
Pro rata results of companies recorded at equity 2.3 2.3
Earnings before interest, taxes, depreciation and
amortisation (EBITDA) 368.1 332.2
Depreciation and amortisation -99.4 -97.4
Earnings before interest and taxes (EBIT) 268.7 234.9
Income from investments, excluding companies recorded at
equity 0.8 0.4
Interest income 12.9 10.6
Interest expense -1.9 -9.2
Other financial result 0.2 -0.1
Financial result 11.9 1.7
Earnings before taxes (EBT) 280.6 236.6
Income taxes -73.7 -63.3
Net profit for the period 207.0 173.3
Thereof attributable to:
Equity holders of the parent 186.9 157.1
Non-controlling interests 20.0 16.1
Earnings per share
(in €, basic = diluted) 2.23 1.87
Balance Sheet Indicators
in € Mio. 30.09.2024 31.12.2023
ASSETS:
Non-current assets 1,696.6 1,662.7
Current assets 640.8 531.7
EQUITY & LIABILITIES:
Equity 1,637.8 1,556.4
Non-current liabilities 293.4 292.6
Current assets 406.2 345.4
Total assets 2,337.3 2,194.4
Net liquidity 435.4 361.9
Cash Flow Statement
in Mio. € Q1-3/2024 Q1-3/2023
Net cash flow from operating activities 322.1 286.1
Investing activities -207.7 -259.3
Financing activities -124.0 -101.5
Free cash flow 114.4 26.8
CAPEX^1 131.0 61.2
1. Excluding financial assets
The Annual Report and Financial Report of Flughafen Wien AG for 2024 from
January 1 September 30, will be available to the general public on the Internet
at
http://viennaairport.com/en/company/investor_relations/publications_and_reports.
Vienna Airport, 14th of November 2024 The Management Board
Disclaimer
All statements made in this press release that refer to future developments of
Flughafen Wien AG/Flughafen-Wien-Group are based on current assumptions and
forecasts of the management. If the premises for these forecasts do not occur or
risks indicated in the risk report arise, actual results may vary from these
estimates. Despite the utmost care, all forward-looking statements are therefore
made without guarantee and Flughafen Wien AG/Flughafen-Wien-Group assumes no
obligation to update these forward-looking statements or to conform them to
future events or developments.
Contact: Corporate Communications of Flughafen Wien AG
Press Office
Peter Kleemann, Company Spokesman
Tel.: (+43-1-) 7007-23000
E-Mail: [1]p.kleemann@viennaairport.com
Investor Relations
Bernd Maurer, Head of Capital Markets
Tel.: (+43-1-) 7007-23126
E-Mail: b.maurer[2]@viennaairport.com
Website: [3] www.viennaairport.com
Website: [4] www.viennaairport.com
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14.11.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
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Language: English
Company: Flughafen Wien AG
Postfach 1
1300 Wien-Flughafen
Austria
Phone: +43-1-7007/23126
Fax: +43-1-7007/23806
E-mail: investor-relations@viennaairport.com
Internet: http://www.viennaairport.com
ISIN: AT00000VIE62
WKN: A2AMK9
Indices: ATX PRIME
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
(Basic Board), Munich, Stuttgart, Tradegate Exchange; London,
Nasdaq OTC, Vienna Stock Exchange (Official Market)
EQS News ID: 2029501
End of News EQS News Service
2029501 14.11.2024 CET/CEST
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