Flughafen Wien AG

EANS-News: Flughafen Wien Group: 11.6% increase in net profit to EUR 38.1 million for the first half of 2010

@@start.t1@@--------------------------------------------------------------------------------   Corporate news transmitted by euro adhoc. The issuer/originator is solely   responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@

6-month report

Wien-Flughafen (euro adhoc) - Flughafen Wien Group: 11.6% increase in net profit to EUR 38.1 million for the first half of 2010

@@start.t2@@• EBITDA: + 6.9% to EUR 85.7 million
      • EBIT: + 12.7% to EUR 52.6 million
      • Net profit: + 11.6% to EUR 38.1 million
      • Passengers: + 5.5% to 8,899,368
      • Upward revision of forecasts for 2010: + 6.0% in passengers, + 7.0% in
         maximum take-off weight (MTOW) and + 1.0% in flight movements

The Flughafen Wien Group recorded revenue of EUR 253.2 million for the first half of 2010, which represents an increase of 3.5% over  the  comparable  prior year period. Net profit for the period rose by 11.6% - at  a  higher  rate  than the development of traffic - to EUR 38.1 million (1-6/2009: EUR  34.1 million).  EBITDA amounted to EUR 85.7 million (+6.9%) and EBIT EUR  52.6 million  (+12.7%)  for  the reporting period. The stronger earnings growth in relation  to  the  development of revenue was reflected in  an  improvement  in the  EBITDA  margin  to  33.8% (1-6/2009: 32.8%) and the EBIT margin to 20.8% (1-6/2009: 19.1%).@@end@@

"Flughafen Wien AG was able to generate sound earnings in the  first half-year, and that underscores our position as a strong and profit-oriented  company.  The development of  traffic  also   exceeded  our  expectations.  We  have  therefore revised our forecasts upward and  are  now  predicting  an  increase  of  6%  in passengers for the year", explained Herbert Kaufmann, Speaker of the Management Board of Flughafen Wien AG.

Segment revenue

The Flughafen Wien Group recorded revenue of EUR 253.2 million for the first half of 2010, which represents an increase of 3.5% over   the  comparable  prior year period. The revenue increase was less than the  growth  in  traffic  due to  an increase in incentives - above all the transfer incentive  -  to  drive traffic growth. External revenue recorded by the Airport Segment  rose  by 17.2%  to EUR 124.8 million. This  development  resulted  above  all  from  a change  in  the allocation  of  revenue  from  passenger  and   baggage controls,    which    were previously assigned to the Handling Segment. The change in allocation  was  also responsible for a EUR 9.6 million decline in Handling Segment revenue  to  EUR  76.6 million. The Retail & Properties Segment reported a 2.3% increase in revenue  to EUR 44.7 million, while revenue registered by the "Other Segments" declined EUR  1.1 million to EUR 6.7 million.

Growth of 5.5% in traffic during the first half of 2010  in  spite   of  the  ash cloud

Vienna International Airport handled a total 8,899,368 passengers   from  January to June 2010. This represents an increase of  5.5%   over  the  comparable  prior year period and was achieved despite the negative effects of  the  volcanic  ash cloud on air traffic throughout Europe. The increase  in  passenger  traffic  at Vienna during these six months was  more  than  twice  the  average  of  the 30 largest airports in Europe. The  number  of  passengers   travelling  to  Eastern Europe and Western Europe rose by 8.0% and 4.5%, respectively.  Traffic  to  the Middle East was 11.5% higher. Sound growth of 5.2% was  recorded  in  travel  to North America, with destinations in the USA registering  a  plus  of  6.8%.  The Austrian Airlines Group reported an 11.3% increase in the number  of passengers handled at Vienna  International  Airport,  which  raised its  share  of  total passenger traffic from 48.7% to 51.4%. The low-cost carriers  handled  21.8%  of the passengers in Vienna (1-6/2009: 23.9%), for a decline of  4.0%  in  relation to the previous year. Maximum take-off weight (MTOW) totalled 3,744,236   tonnes, for a plus of 7.2% over the comparable prior  year  period.   Cargo  volume  (air cargo and trucking) increased 30.4% to 148,353   tonnes.  The  number  of  flight movements declined slightly to 119,167. Seat occupancy rose from  65.9%  in  the first half of 2009 to 66.1% for the reporting period.

Corporate spending

The major investments during the first six months of 2010 involved the  terminal extension VIE Skylink at EUR 22.4 million,  technical   noise  protection  and the environmental fund at EUR 3.0 million,   infrastructure  extensions  for  the  west expansion at EUR 1.7 million, passenger security control lines at  EUR 1.3  million and baggage sorting equipment at EUR 1.2 million.

Outlook

The  July  report  shows  positive  development  in  all  traffic   segments.  In comparison with July of the previous year, the number of passengers  handled  in Vienna rose by 11.3%. With over two   million  travellers,  Vienna  International Airport set a new monthly record in July 2010. Flight movements  increased  0.8% and maximum take-off weight (MTOW)  10.7%.  The  number  of  passengers  handled during the period from January  to  July  2010  was  6.6%  higher   than  in  the comparable prior year period.

Based on  the  encouraging  development  of  business,  Flughafen   Wien  AG  has adjusted its traffic forecasts for 2010 to show  an   increase  of  6.0%  in  the number of passengers, 7.0% in maximum take-off weight (MTOW) and 1.0% in  flight movements for the full 12 months of 2010.

@@start.t3@@Investments of EUR 207.0 million  are  planned  for  2010.This  amount  includes replacement and  maintenance  investments,  but  no  investments  in  the  third runway,  the  purchase  of  land    or    borrowing    costs    capitalised    during construction.

For additional information contact:

Investor Relations:@@end@@

Mario Santi (+43-1-)7007-22826 e-mail: m.santi@viennaairport.com

Press office Flughafen Wien AG: Peter Kleemann (+43-1-) 7007-23000 e-mail: p.kleemann@viennaairport.com Birgit Fehsler (+43-1-) 7007-22254 e-mail: b.fehsler@viennaairport.com Clemens Schleinzer (+43-1-) 7007-22399 e-mail: c.schleinzer@viennaairport.com

Homepage: www.viennaairport.com

Consolidated Interim Financial Statements

Consolidated Income Statement in T EUR

@@start.t4@@1-6 /2010      1-6 /2009      Change in %    4-6/2010        4-6/2009
Revenue                  253,163.1      244,585.3          3.5          130,124.2      123,168.2
Other operating
income                        7,516.1         6,380.6         17.8              3,191.7         3,588.1
Operating income    260,679.2      250,965.8          3.9          133,315.9      126,756.4
Consumables and
services used         -20,345.7      -18,883.0          7.7            -7,526.1        -7,899.8
Personnel expenses-112,375.8    -107,604.1          4.4          -59,740.4      -55,047.5
Other operating
expenses                 -42,292.1      -44,357.9         -4.7          -24,088.5      -25,388.3
Earnings before
interest, taxes,@@end@@

depreciation and amortisation

@@start.t5@@(EBITDA)                 85,665.6         80,120.8          6.9            41,961.0        38,420.7
Depreciation and
amortisation         -33,051.3        -33,425.0         -1.1          -16,709.4      -16,830.5
Earnings before@@end@@

interest and taxes (EBIT)          52,614.2         46,695.8         12.7        
25,251.6        21,590.3 Income from investments, excl.

@@start.t6@@companies at equity    311.5                 0.0          -                    311.5                0.0
Net financing
costs                      -3,976.2         -3,425.8         16.1            -1,918.4        -1,811.4
Other financial
income/expense              21.6              -33.8      -163.7                  10.8                0.0
Financial results,
excl. companies
at equity                -3,643.1         -3,459.6          5.3            -1,596.2        -1,811.4
Income from companies
at equity                    883.9          1,072.0        -17.5              1,104.7         1,444.5
Financial results  -2,759.2         -2,387.6         15.6                -491.4          -366.9
Profit before
taxes (EBT)            49,855.1         44,308.1         12.5            24,760.1        21,223.4
Income taxes         -11,754.7        -10,173.5         15.5            -5,535.0        -4,629.7
Net profit for
the period              38,100.4         34,134.6         11.6            19,225.2        16,593.6
Thereof attributable to:
Shareholders of
the parent              38,103.6         34,141.0         11.6            19,227.4        16,597.4
Non-controlling
interests                      -3.3                -6.3        -48.4                  -2.2              -3.7
Earnings per share@@end@@

in EUR basic/diluted      1.81                1.63        11.0                    0.91
0.79

Flughafen Wien Aktiengesellschaft

Announcement

The report by Flughafen Wien AG on the first half-year from 1 January to 30 June 2010 is available to the general public at the company´s offices in 1300 Flughafen Wien and at Bank Austria, 1010 Vienna, Am Hof, and is also available in the Internet under http://ir.viennaairport.com, menu point "Publications", sub-section "Quarterly Reports".

The Management Board

Flughafen Wien, 26.8.2010

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ots Originaltext: Flughafen Wien AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Mario Santi
Investor Relaions
Flughafen Wien AG
Tel: 0043 1 7007/22826
e-mail: m.santi@viennaairport.com

Branche: Transport
ISIN:      AT0000911805
WKN:        
Index:    ATX Prime, ATX, ÖTOB
Börsen:  Berlin / free trade
              Hamburg / free trade
              Frankfurt / free trade
              Stuttgart / free trade
              München / free trade
              Wien / official market



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