Flughafen Wien AG

Earnings Release • Nov 15, 2007

News Details

Corporate | 15 November 2007 08:00

Flughafen Wien AG: First three quarters bring 13.0% increase in EBITDA to € 152.1 million

Flughafen Wien AG / Quarter Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

• Revenue: + 8.9% to € 377.9 million
• EBITDA: +13.0% to € 152.1 million
• EBIT: +15.8% to € 101.6 million
• Net profit for the period: +15.9% to € 76.4 million
• Number of passengers: +9.4% to approx. 14 million

The Flughafen Wien Group recorded a year-on-year increase of 8.9% in
revenue to € 377.9 million for the first three quarters of 2007. EBITDA
rose by 13.0% to € 152.1 million, leading to an improvement of 1.2
percentage points in the EBITDA margin to 39.1%. EBIT increased 15.8% to €
101.6 million and net profit attributable to shareholders of the parent
company grew 13.0% to € 74.5 million.

Revenue growth in all segments
The strong growth in traffic led to an increase of 9.3% in external revenue
recorded by the Airport Segment to € 172.4 million, despite a 1.38%
reduction in the landing tariff at the beginning of this year. Revenue in
the Handling Segment rose by 2.7% to € 108.9 million, supported by a rise
in handling services (+4.8%) and cargo (+1.5%). These positive factors were
contrasted by a 15.0% decline in individual services, which resulted from
the mild winter and lower demand for de-icing. The positive development of
revenue in the Non-Aviation Segment continued throughout the first three
quarters of 2007 with an increase of 16.2% to € 96.5 million, which was
related to higher income from security controls, rentals, shops and
gastronomy, and parking.

Increase in passengers exceeds European average
Vienna International Airport handled a total of 14,043,370 passengers
during the nine months from January to September 2007, which represents an
increase of 9.4% over the comparable prior year period. This development
again outpaced the branch in Europe, which grew by 5.5% according to
Airport Council International.

Traffic to the Middle East rose by a strong 16.9%, while Vienna’s excellent
market position in East European air travel was strengthened by an increase
of 22.1% in passenger volume. The low-cost carriers again recorded
above-average growth – with a plus of 47.1% in the number of passengers
handled during the reporting period, their share of the total passenger
volume at Vienna International Airport now equals 17.4%.

Outlook
The strong development that was registered in all traffic segments during
the first nine months of 2007 was also matched by high rates of growth in
October. From the current point of view, this trend will also continue
throughout 2008.

Flughafen Wien AG will therefore revise its traffic estimates for 2008 and
the following years, and announce adjusted forecasts in January 2008.
The strong growth in traffic above previously forecasted levels will
require the implementation of expansion projects at an earlier date – above
all in the terminals and security functions – as well as additional
investments above the originally planned volume. The necessary steps will
be evaluated and announced in the coming months.

Consolidated Interim Financial Statements – Selected Data

Consolidated Income Statement
in T€

            1-9/2007   1-9/2006  Change in %   7-9/2007    7-9/2006

Revenue 377,851.6 346,975.8 8.9 137,990.1 121,715.4
Other operating
income 11,604.5 8,632.6 34.4 3,329.6 2,227.5
Operating
income 389,456.1 355,608.3 9.5 141,319.6 123,943.0
Consumables
and services
used -24,887.0 -25,841.5 -3.7 -8,789.3 -7,356.9
Personnel
expenses 155,262.6 -145,906.6 6.4 -52,140.5 -49,335.5
Other operating
expenses -57,177.1 -49,286.4 16.0 -22,621.3 -16,603.5
Earnings before
interest, taxes,
depreciation and
amortisation
(EBITDA) 152,129.4 134,573.7 13.0 57,768.6 50,647.1
Depreciation
and
amortisation -50,543.0 -46,840.9 7.9 -17,055.5 -16,258.3
Earnings before
interest and
taxes (EBIT) 101,586.4 87,732.9 15.8 40,713.1 34,388.7
Income from
investments,
excl. associates
at equity 350.0 233.2 50.1 0.0 15.9
Net financing
costs -5,912.1 -2,460.0 140.3 -1,398.5 329.7
Other income
from financing
activities 52.6 0.0 n.a. 231.0 0.0
Financial results,
excl. associates
at equity -5,509.5 -2,226.7 147.4 -1,167.5 345.6
Income from
associates at
equity 3,482.6 1,675.3 107.9 2,342.3 1,287.1
Financial
results -2,026.8 -551.4 267.6 1,174.8 1,632.7
Profit before
taxes (EBT) 99,559.6 87,181.5 14.2 41,887.9 36,021.4
Income taxes -23,113.4 -21,226.6 8.9 -9,288.8 -8,677.5
Net profit
for the
period 76,446.2 65,954.9 15.9 32,599.0 27,343.9
Thereof
attributable to:
Equity holders
of the parent 74,534.2 65,981.8 13.0 32,179.8 27,348.9
Minority
interest 1,912.0 -26.9 n.a. 419.3 -5.0
Earnings per
share (in €)
basic/diluted 3.55 3.14 13.1 1.53
1.30

Robert Dusek
Investor Relations
+43-1-7007/23126
r.dusek@viennaairport.com

15.11.2007 Financial News transmitted by DGAP

Language: English
Issuer: Flughafen Wien AG
Postfach 1
1300 Wien-Flughafen
Österreich
Phone: +43-1-7007/23126
Fax: +43-1-7007/23058
E-mail: r.dusek@viennaairport.com
Internet: www.viennaairport.com
ISIN: AT0000911805
WKN: 884216
Indices: ATX
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Foreign Exchange(s) London, Wien

End of News DGAP News-Service

---