Corporate | 31 March 2005 10:00

Flughafen Wien AG: Outstanding results announced for 2004.

Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. —————————————————————————— Flughafen Wien AG: Outstanding results announced for 2004. The publicly traded Flughafen Wien AG was also able to record excellent results for 2004, with a further increase over the good turnover and earnings recorded for 2003. Turnover equalled EUR 398.3 million, EBIT reached EUR 102.5 million and profit for the year totalled EUR 71.7 million. Income before interest and taxes rose 5.3% and profit for the year increased 1.2%. These results were announced by Herbert Kaufmann, member and speaker of the Management Board of Flughafen Wien AG, at a press conference in Vienna today. The strong development of traffic was the primary driver for this growth, with the number of passengers rising 15.7% to a total of 14.8 million. Low-cost carriers have come to play an increasingly important role in the development of business. Their share of total passenger volume rose from 5.9% to 11.1% in 2004, which represents 44% of the newly generated traffic at Vienna International Airport. Sound development was also recorded in traffic to Eastern Europe (+ 20.7%), the Far East (+26.0%), and Near East and Middle East (+62.5%) as well as transfers (share of transfers: 34.6%). This further strengthened the position of Vienna International Airport as an international hub. 2004 2003 Change in EUR m in EUR m in % Turnover Group 398.3 348.4 +14.3 Airport 186.3 162.7 +14.5 Handling 123.6 106.0 +16.7 Non-Aviation 88.0 79.4 +10.8 Operating income 418.8 365.0 +14.7 Operating expenses 316.2 267.7 +18.1 Income before interest and taxes (EBIT) Group 102.5 97.3 +5.3 Airport 78.3 75.2 +4.1 Handling 18.0 15.9 +12.7 Non-Aviation 30.3 25.6 +18.6 Profit before tax (EBT) 105.4 106.6 -1.1 Profit for the year 71.7 70.8 +1.2 Cash flow 194.4 150.4 +29.3 Passengers (in m) 14.8 12.8 +15.7 Transfer passengers (in m) 5.1 4.3 +18.0 Flight movements 224,809 197,089 +14.1 Maximum take-off weight (in m tonnes) 6.2 5.3 +18.6 Cargo (in 1000 tonnes) 209.6 173.3 +21.0 Outlook The Austrian economic research institute WIFO predicts real growth of 2.2% for 2005 and 2.3% for 2006. We expect this recovery will have a positive effect on the development of traffic at Vienna International Airport. Further impulses should also come from continued economic recovery in the new EU member states that are included in our catchment area. Assuming economic conditions remain stable, Vienna International Airport expects an increase of 8% in the number of passengers, 5% in flight movements and 5% in maximum take-off weight for 2005. Vienna International Airport has acquired new airline customers in China Airlines with three non-stop flights per week to Taipei and Maersk Airlines with 11 flights per week to Copenhagen. In addition, Qatar Airways has cancelled its connecting flight via Munich and now offers three non-stop flights per week from Vienna to Doha. “A multi-stage, flexible expansion concept allows us to adapt our long-term expansion plans to match development with growth in passenger volume”, added Herbert Kaufmann, member and speaker of the Management Board at the press conference. Major investments totalling EUR 854 million are planned from 2004 to 2008, with EUR 245 million designated for the realisation of projects in 2005. In addition to the completion of the air traffic control tower in mid-2005, the most important projects for the coming year include the clearing of the construction site and preparatory measures for the VIE-Skylink Terminal (EUR 47 mill.), the enlargement of the apron for the new General Aviation Centre (EUR13 mill.) and expansion of the Cargo Centre (EUR 45 mill.) as well as construction of the Handling Centre West (EUR 23 mill.) and General Aviation and VIP facilities (EUR 13 mill.). In order to minimise the impact of capacity limits during peak hours, 30 new check-in counters will be installed in the terminal area during the first quarter of the year. The enlargement of the baggage sorting centre will also be completed by the end of March 2005. Subsequent Events The dynamic traffic growth recorded in 2004 also continued into the first three months of 2005. Preliminary data as of 28.3.2005 show the following results for march: passengers +9.7%, flight movements +5.5% and maximum take-off weight (MTOW) +8.6%. This leads to the following preliminary figures for the first quarter of 2005: passengers +7.3%, flight movements +4.5% and maximum take-off weight (MTOW) +8.2%. end of message, (c)DGAP 31.03.2005 —————————————————————————— WKN: 091180; ISIN: AT0000911805; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin-Bremen, Frankfurt, Hamburg, München, Stuttgart; London 311000 Mär 05