Corporate | 22 January 2014 08:00
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Flughafen Wien AG / Key word(s): Miscellaneous/Forecast
Flughafen Wien: optimistic outlook on 2014 – Forecast for 2014: 1% to 3% increase in passengers – Continuation of positive turnaround in cargo – Guidance: sound improvement in EBITDA and net profit – Capital expenditure of EUR 110 million planned for 2014 2013: A challenging year and the continuing airline consolidation brought an expected slight decline of 0.7% in the number of passengers based on higher seat occupancy. With new destinations and an increase in existing frequencies, Flughafen Wien is looking toward 2014 on a positive note. ‘We are expecting an increase of 1% to 3% in the number of passengers for 2014, while the development of flight movements should range from -1% to +1%. The overall trend for Vienna Airport is pointing upward: over the past five years, the average size of the aircraft has risen by 17.3% and the average seat occupancy by 6.1 percentage points. In other words, the aircraft are becoming larger and carrying more and more passengers.’ explained Julian Jäger, member of the Management Board of Flughafen Wien AG. He added: ‘The difficult market environment in the aviation industry was also felt by Flughafen Wien in 2013. However, there has been a slight improvement in traffic, cargo and the number of passengers since the middle of last year.’ ‘Our financial guidance for 2014 calls for net profit of more than EUR 75 million, EBITDA of over EUR 240 million and a further reduction in net debt to below EUR 600 million. Cost reduction, growth and earnings improvement will also represent the focus of our activities this year. As part of our growth strategy, Vienna Airport will continue its transformation into the Airport City.’ explained Günther Ofner, member of the Management Board of Flughafen Wien AG. He continued: ‘In the past year we consistently and successfully continued our strategy to cut costs and increase productivity. These efforts were reflected in a significant drop in net debt and investments. Over the past 24 months our share price has risen by 109%, an increase that outpaced the other listed European airports. That shows we are on the right track.’ Vienna Airport handled a total of 21,999,926 passengers during 2013 (-0.7%) in a challenging year that was influenced by a difficult market environment for the European aviation industry, capacity reduction by the airlines, crisis situations in Egypt and the Middle East and numerous flight cancellations due to the severe winter with extreme snowfall and strikes in Germany. The number of take-offs and landings fell by 5.5%, while seat occupancy rose by 1.9 percentage points to 74.8% in 2013. Cargo followed a weak start into the year with growth of 10% during the second six months and closed 2013 with an increase of 1.6% to 256,194 tonnes.
Strong rise in traffic to North America, moderate growth for Western Europe
Top destinations in 2013: Western Europe – Frankfurt, Eastern Europe – Moscow, Long-haul routes – Bangkok
Austrian Airlines Group with the largest share of passengers
Growth trend since mid-year leads to increase in cargo volume for 2013
Development of traffic in the investments
Forecast for 2014: increase in passengers, EBITDA and net profit
Against this backdrop, the Management Board of Flughafen Wien views the outlook for 2014 with general optimism. Revenue should increase to over EUR 630 million, and EBITDA should total at least EUR 240 million. From the current point of view, profit after tax should exceed EUR 75 million. Net debt should decline further to below EUR 600 million, and investments are forecasted to total approx. EUR 110 million in 2014. For additional information contact:
Flughafen Wien AG Press Office
Traffic forecast for 2014
Contact: Judit Helenyi Flughafen Wien AG Investor Relations Tel: +43 1 7007/23126 e-mail: j.helenyi@viennaairport.com End of Corporate News 22.01.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group 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 | ||
| Austria | ||
| Phone: | +43-1-7007/22826 | |
| Fax: | +43-1-7007/23806 | |
| E-mail: | investor-relations@viennaairport.com | |
| Internet: | http://www.viennaairport.com | |
| ISIN: | AT0000911805 | |
| WKN: | 884216 | |
| Indices: | ATX Prime | |
| Listed: | Freiverkehr in Berlin, München, Stuttgart; Frankfurt in Open Market ; London, Wien (Amtlicher Handel / Official Market) | |
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