Corporate | 24 March 2011 08:00
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Flughafen Wien AG / Key word(s): Final Results
Flughafen Wien Group: Net profit rises 3.2% to EUR 75.7 million in 2010 – Revenue: plus 6.4% to EUR 533.8 million – Traffic: plus 8.7% in passengers to 19.7 million – Forecast for 2011: plus 5.0% in passengers, plus 3.0% in maximum take-off weight (MTOW) and plus 2.0% in flight movements Revenue recorded by the Flughafen Wien Group rose by 6.4% to EUR 533.8 million in 2010. This increase was less than the 8.7% growth in traffic because of higher revenue deductions, among others from the extended increase in the transfer incentive and, above all, due to the growth agreements concluded with NIKI and the Austrian Airlines Group. Earnings before interest, taxes, depreciation and amortisation (EBITDA) recorded by the Flughafen Wien Group rose by 1.0% to EUR 168.1 million in 2010 (2009: EUR 166.5 million). The reserved development of EBITDA resulted chiefly from an increase in personnel expenses and other operating costs. This higher EBITDA combined with lower depreciation and amortisation led to a 2.8% improvement in EBIT, which rose to EUR 102.3 million. Financial results remained nearly unchanged in year-on-year comparison at minus EUR 3.6 million. Net profit for 2010 amounted to EUR 75.7 million, compared with EUR 73.3 million in 2009. These results were announced by the Management Board of Flughafen Wien AG on Thursday at a press conference in Vienna. 'The past year brought a recovery in traffic, and we were able to generate sound results. This year we will be faced with a number of challenges, for which we have already set an appropriate course. Responsibilities and corporate structures were reorganised, work on the Skylink project proceeded at a high pace and the long-term costs were analysed in detail. Our goal is to become faster and more customer-oriented and to demonstrate our competitive strength even better in the future,' explained Christoph Herbst, Chairman of the Board of Flughafen Wien AG.
High dividend yield
Strong passenger growth in 2010
International investments
Outlook: traffic forecast
For additional information contact:
Corporate Communications Flughafen Wien AG
Investor Relations:
Homepage: www.viennaairport.com
Flughafen Wien Aktiengesellschaft Announcement The report of Flughafen Wien AG on the 2010 financial year from 1 January to 31 December 2010 is available to the general public at the headquarters of the company, 1300 Flughafen Wien and is also available for download at http://ir.viennaairport.com under the menu point 'Publications', subpoint 'Other Publications'. The 2010 annual report is available to the general public at the headquarters of the company, 1300 Flughafen Wien, and at the offices of Bank Austria, 1010 Vienna, Am Hof 2. The Management Board Flughafen Wien, 24 March 2011
End of Corporate News 24.03.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Flughafen Wien AG | |
| Postfach 1 | ||
| 1300 Wien-Flughafen | ||
| Österreich | ||
| Phone: | +43-1-7007/22826 | |
| Fax: | +43-1-7007/23058 | |
| E-mail: | m.santi@viennaairport.com | |
| Internet: | www.viennaairport.com | |
| ISIN: | AT0000911805 | |
| WKN: | 884216 | |
| Listed: | Freiverkehr in Berlin, München, Stuttgart; Open Market in Frankfurt; London, Wien (Amtlicher Handel / Official Market) | |
| End of News | DGAP News-Service |
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| 116680 24.03.2011 |