Corporate | 19 May 2005 08:29

Flughafen Wien AG: Results first quarter 2005

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— TRAFFIC The development of traffic at Vienna International Airport was excellent during the first three months of 2005. The number of passengers reached 3,113,381, for a plus of 7.3%. Low-cost carriers increased their share of passenger volume from 9.2% to 13.2%. With growth of 54.0% to a total of 411,650 passengers, they played an important role in the development of business. Maximum take-off weight (MTOW) rose 8.1%, flight movements increased 4.6% and cargo volume grew 9.8% during the first quarter. OUTLOOK The development of traffic in April 2005 was slower than in April of the previous year because the high-travel Easter holidays fell in March this year. The number of passengers increased 3.1%, flight movements rose by 6.1% and maximum take-off weight grew 6.6%. Compared to the summer flight plan in 2004, Vienna International Airport now offers 9 new destinations and 186 new weekly frequencies in its current flight schedule. Maersk and China Air will add Vienna to their flight schedules in April and May, respectively. A number of major construction projects will be concluded over the coming months: the Handling Center West and the air traffic control tower will start operations in June, and the addition of a storey to car park 3 and the east car park for long-term rentals will also be completed in June. The temporary check-in-hall in Terminal 1A and the premium check-in facility in Terminal 2 will open in July and August. INTERIM FINANCIAL STATEMENTS FOR THE FIRST QUARTER OF 2005 IN ACCORDANCE WITH IFRS FLUGHAFEN WIEN AG CONSOLIDATED INCOME STATEMENT TEUR 1-3/2005 1-3/2004 change Turnover 91,791.1 91,441.8 0.4% Other operating income 5,206.3 2,257.9 130.6% Operating income 96,997.4 93,699.7 3.5% Cost of materials and services -10,023.3 -8,440.7 18.7% Personnel expenses -43,135.4 -39,061.2 10.4% Amortisation of intangible assets and depreciation of fixed assets -11,973.6 -11,898.1 0.6% Other operating expenses -10,232.8 -12,658.8 -19.2% Income before interest and taxes (EBIT) 21,632.3 21,640.9 0.0% Net financing costs 635.1 1,798.7 -64.7% Other income from financing activities 52.4 -8.5 n.a. Financial results, excl. associates at equity 687.5 1,790.2 -61.6% Income from associates at equity -303.6 -459.2 -33.9% Financial results 383.9 1,330.9 -71.2% Profit before tax (EBT) 22,016.2 22,971.8 -4.2% Taxes on income -5,251.3 -6,424.6 -18.3% Profit for the period 16,764.9 16,547.2 1.3% Thereof minority interest 46.7 87.8 -46.8% Thereof parent company 16,718.2 16,459.3 1.6% Earnings per share (in EUR) 0.80 0.78 2.6% CONSOLIDATED BALANCE SHEET TEUR 31.3.2005 31.12.2004 change Non-current assets 828,594.6 795,601.1 4.1% Current assets 103,947.4 156,741.2 -33.7% Assets 932,542.1 952,342.3 -2.1% Equity 647,833.7 630,993.1 2.7% Non-current liabilities 101,741.5 100,848.4 0.9% Current liabilities 182,966.9 220,500.8 -17.0% Equity and Liabilities 932,542.1 952,342.3 -2.1% CONSOLIDATED CASH FLOW STATEMENT TEUR 1-3/2005 1-3/2004 change Net cash flow from operating activities -12,806.9 7,855.3 -263.0% from investing activities -45,695.6 -18,815.6 142.9% from financing activities 0.0 689.2 -100.0% Change in cash and cash equivalents -58,502.5 -10,271.0 469.6% Change in revaluation reserve for securities 114.2 906.7 -87.4% Effect of exchange rate fluctuation on cash held 9.0 10.2 -11.7% Cash and cash equivalents at beginning of period 108,008.8 131,128.8 -17.6% Cash and cash equivalents at end of period 49,629.5 121,774.7 -59.2% SEGMENT RESULTS TEUR 1-3/2005 1-3/2004 change Airport Segment turnover* 39,424.3 38,771.6 1.7% Segment profit 15,952.1 12,489.3 27.7% Handling Segment turnover* 31,605.2 31,801.5 -0.6% Segment profit 4,095.6 6,577.5 -37.7% Non-Aviation Segment turnover* 20,675.7 20,816.2 -0.7% Segment profit 7,496.8 7,878.2 -4.8% * external turnover KEY FIGURES ON THE FLUGHAFEN WIEN GROUP INDUSTRY INDICATORS 1-3/2005 change in % 1-3/2004 MTOW (in tonnes) 1,438,181 + 8.1 1,330,703 Passengers 3,113,381 + 7.3 2,902,351 Transfer Passengers 1,036,612 – 0.7 1,044,102 Flight movements 52,237 + 4.6 49,949 Cargo (air cargo and trucking; in tonnes) 49,922 + 9.8 45,465 Seat occupancy (in %) 59.2 – 1.8 60.3 FINANCIAL INDICATORS Amounts in TEUR, except employees 1-3/2005 change in % 1-3/2004 Total turnover 91,791.1 + 0.4 91,441.8 EBIT 21,632.3 – 0.0 21,640.9 EBIT-Margin in % 22.3 – 3.5 23.1 EBITDA-Margin in % 34.7 – 3.2 35.8 Net profit for the period 16,718.2 + 1.6 16,459.3 Cash flow from operating activities -12,806.9 – 263,0 7,855.3 Equity 647,833.7 + 5.5 614,090.4 Capital expenditures 44,959.2 + 115.2 20,895.4 Employees at the end of period 3,318 + 11.2 2,984 End of announcement (c)DGAP 19.05.2005 —————————————————————————— WKN: 091180; ISIN: AT0000911805; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin-Bremen, Frankfurt, Hamburg, München, Stuttgart; London 190829 Mai 05