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

Wien-Flughafen (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
6-month report
Flughafen Wien Group: 11.6% increase in
net profit to EUR 38.1 million for the first half of 2010
• 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%).
"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.
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:
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
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,
depreciation and
amortisation
(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
interest and taxes (EBIT)       52,614.2      46,695.8      12.7     
25,251.6     21,590.3 Income from investments, excl.
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
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
end of announcement                               euro adhoc

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:
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