Corporate | 26 August 2004 10:00

FLUGHAFEN WIEN GROUP: Results for the Six Months to 30 June 2004

Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Flughafen Wien Group: Results for the Six Months to 30 June 2004 Two-digit growth in traffic leads to outstanding first-half results. Vienna International Airport recorded two-digit growth rates in all traffic segments during the first half of 2004. An increase of 18.9% in the number of passengers placed Vienna clearly above the 8.6% European average reported by Airport Council International. Turnover recorded by the Flughafen Wien Group rose 16.6% to EUR 194.9 million for the first six months of this year due to the favourable development of traffic. This growth was contrasted with higher operating expenses, and income before interest and taxes rose EUR 2.9 million to EUR 54.4 million. Financial results totalled EUR -0.7 million, and profit for the period increased by EUR 0.3 million to EUR 37.0 million. These results were announced by the Management Board of Flughafen Wien AG, Herbert Kaufmann, Gerhard Schmid and Kurt Waniek, at a press conference in Vienna on 26 August. Overview of Key Data Consolidated Income Statement T EUR 1-6/2004 1-6/2003 Change Turnover 194,855.7 167,129.6 16.6% Other operating income 8,659.9 8,140.3 6.4% Operating income 203,515.5 175,269.9 16.1% Cost of materials and services -13,993.0 -10,754.9 30.1% Personnel expenses -81,334.0 -71,669.5 13.5% Amortisation of intangible assets and depreciation of fixed assets -23,964.3 -21,519.7 11.4% Other operating expenses -29,829.4 -19,795.1 50.7% Income before interest and taxes (EBIT) 54,394.8 51,530.8 5.6% Income from investments, excl. associates at equity 500.5 -26.6 n.a. Net financing costs 4,395.2 3,980.8 10.4% Other income from financing activities -4,915.2 708.0 n.a. Financial results, excl. associates at equity -19.4 4,662.2 -100.4% Income from associates at equity -643.0 -421.9 52.4% Financial results -662.4 4,240.3 -115.6% Profit before tax (EBT) 53,732.4 55,771.1 -3.7% Taxes on income -16,635.1 -18,885.7 -11.9% Minority interest -49.9 -88.9 -43.9% Profit for the period 37,047.4 36,796.5 0.7% Earnings per share (in EUR) 1.76 1.75 0.6% Consolidated Income Statement T EUR 4-6/2004 4-6/2003 Change Turnover 103,413.8 85,765.4 20.6% Other operating income 6,402.0 6,366.2 0.6% Operating income 109,815.8 92.131.6 19.2% Cost of materials and services -5,552.3 -4,302.3 29.1% Personnel expenses -42,272.8 -37,389.5 13.1% Amortisation of intangible assets and depreciation of fixed assets -12,066.2 -10,879.0 10.9% Other operating expenses -17,170.6 -11,477.3 49.6% Income before interest and taxes (EBIT) 32,753.9 28,083.5 16.6% Income from investment, excl. associates at equity 500.5 9.2 n.a. Net financing cost 2,596.6 2,032.8 27.7% Other operating expenses -4,906.7 708.0 n.a. Financial results, excl. associates at equity -1,809.6 2,750.0 -165.8% Income from associates at equity -183.8 15.1 n.a. Financial results -1,993.3 2,765.1 172.1% Profit before tax (EBT) 30,760.6 30,848.6 -0.3% Taxes on income -10,210.5 -10,512.0 -2.9% Minority interest 38.0 5.2 n.a. Profit for the period 20,588.1 20,341.8 1.2% Earnings per share (in EUR) 0.98 0.97 1.0% Segment Results T EUR 1-6/2004 1-6/2003 Change Airport Segment turnover* 89,044.0 76,308.7 16.7% Segment profit 35,009.3 36,693.3 -4.6% Handling Segment turnover* 62,321.7 52,408.3 18.9% Segment profit 10,835.0 8,793.3 23.2% Non-Aviation Segment turnover* 43,327.9 38,282.1 13.2% Segment profit 18,005.4 13,362.7 34.7% * external turnover Outlook The two-digit growth rates in traffic were matched during July. The number of passengers rose 17.7%, flight movements increased 17.7% and maximum take-off weight showed a plus of 21.9%. Twenty-four new destinations were added to the flight schedule during the first six months of 2004. Vienna now includes a total of 152 destinations, whereby 40 are located in Eastern Europe. Ten new airlines started operations during the reporting period. Connections to the Middle East were also expanded to include Emirates. The resumption of flights by Malaysia Airlines and the addition of Shanghai and Singapore to the Austrian flight plan further increased Vienna’s range of destinations in the Far East. Construction on the air traffic control tower, the new landmark at Vienna International Airport that will be rented primarily to Austro Control, is proceeding at a rapid pace. The new Office Park, a property with 26,000 m2 of usable space, is also nearing completion. Work on the new air Cargo Centre and Handling Centre West is scheduled to start this autumn. In addition, the expansion of the north-east apron and reconstruction of the railway station are progressing as planned. end of message, (c)DGAP 26.08.2004 ——————————————————————————– WKN: 091180; ISIN: AT0000911805; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin-Bremen, Frankfurt, Hamburg, München, Stuttgart; London 261000 Aug 04