Corporate | 13 May 2004 08:29

Results First Quarter 2004

Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– The first three months of 2004 were characterised by above-average traffic results, with Vienna International Airport recording two-digit growth in all related areas. In spite of this development, profit for the first quarter remained largely unchanged over the comparable prior year period. This was chiefly the result of higher expenses for winter services following heavy snowfall during the first three months. In addition, a wide range of maintenance projects were carried out in and near Runway 16/34 after this area was closed in March. OUTLOOK The upward trend continued into April with two-digit growth rates. The number of passengers increased 28.2%, flight movements rose 16.1%, and MTOW showed a plus of 21.2%. Vienna International Airport will add five new carriers with the summer flight schedule. Compared to the winter flight plan, VIE now offers 102 new frequencies and 26 additional destinations. Construction on the air traffic control tower is proceeding at full speed and the new Office Park will be ready for occupancy this autumn. In addition, work on the new Air Cargo Center and Handling Center West will start in the fall. The expansion of the north-east apron will begin this July, and work is also in progress on the new railroad tunnel and international railway station. Based on the strong growth in traffic during the first quarter of 2004, Flughafen Wien AG is extremely optimistic concerning developments for the remainder of this business year. INTERIM FINANCIAL STATEMENTS ROT THE FIRST QUARTER 2004 ACCORCDING TO IFRS/IAS Flughafen Wien AG CONSOLIDATED INCOME STATEMENT T EUR 1-3/2004 1-3/2003 Change Turnover 91,441.8 81,364.3 12.4% Other operating income 2,257.9 1,774.0 27.3% Operating income 93,699.7 83,138.3 12.7% Cost of materials and services -8,440.7 -6,452.5 30.8% Personnel expenses -39,061.2 -34,280.0 13.9% Amortization of intangible assets and depreciation of fixed assets -11,898.1 -10,640.7 11.8% Other operating expenses -12,658.8 -8,317.7 52.2% Income before interest and taxes (EBIT) 21,640.9 23,447.3 -7.7% Income from investments, excl. associates at equity 0.0 -35.8 n.a. Net financing costs 1,798.7 1,948.0 -7.7% Other income from financing activities -8.5 0.0 n.a. Financial results, excl. associates at equity 1,790.2 1,912.2 -6.4% Income from associates at equity -459.2 -437.0 5.1% Financial results 1,330.9 1,475.2 -9.8% Profit before tax (EBT) 22,971.8 24,922.5 -7.8% Taxes on income -6,424.6 -8,373.7 -23.3% Minority interest -87.8 -94.1 -6.6% Profit for the period 16,459.3 16,454.8 0.0% Earnings per share (in EUR) 0.78 0.78 0.0% CONSOLIDATED BALANCE SHEET T EUR 31.3.2004 31.12.2003 Change Non-current assets 670,106.1 663,633.5 1.0% Current assets 169,010.8 171,618.4 -1.5% Assets 839,116.9 835,251.9 0.5% Equity 613,715.2 590,148.5 4.0% Minority interest 375.3 287.4 30.6% Non-current liabilities 99,419.6 105,307.1 -5.6% Current liabilities 125,606.9 139,508.9 -10.0% Equity and Liabilities 839,116.9 835,251.9 0.5% SEGMENT RESULTS T EUR 1-3/2004 1-3/2003 Change Airport:Segment turnover* 38,771.6 35,500.0 9.2% Segment results 12,489.3 15,469.3 -19.3% Handling:Segment turnover* 31,801.5 27,282.0 16.6% Segment results 6,577.5 6,155.6 6.9% Non-Aviation:Segment turnover* 20,816.2 18,544.3 12.3% Segment results 7,878.2 6,492.6 21.3% * External turnover KEY DATA ON THE FLUGHAFEN WIEN GROUP INDUSTRY INDICATORS 1-3/2004 Change in % 1-3/2003 MTOW (in tonnes) 1,330,703 +11.7 1,191,286 Passengers 2,902,351 +15.2 2,520,238 Transfer passengers 1,044,102 +15.8 901,870 Flight movements 49,949 +11.2 44,903 Cargo (air cargo and trucking; in tonnes) 45,465 +10.3 41,222 Seat occupancy (in %) 60.3 +2.4 58.9 FINANCIAL INDICATORS Amounts in T EUR, except employees 1-3/2004 Change in % 1-3/2003 Turnover 91,441.8 +12.4 81,364.3 EBIT 21,640.9 -7.7 23,447.3 EBIT margin in % 23.1 -18.1 28.2 EBITDA margin in % 35.8 -12.7 41.0 Net profit for the period 16,459.3 0.0 16,454.8 Cash flow from operating activities 7,855.3 -67.1 23,905.2 Equity 613,715.2 +6.7 575,305.0 Capital expenditure 20,895.4 +140.4 8,690.4 Employees at the end of the period 2,984 +9.5 2,726 end of message, (c)DGAP 13.05.2004 ——————————————————————————– WKN: 091180; ISIN: AT0000911805; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin-Bremen, Frankfurt, Hamburg, München, Stuttgart; London 130829 Mai 04