Cargo business spoils Vienna Airport’s half-year results

Vienna Airport registered positive trend in turnover accompanied by improving results in the first six months of 2012
 
With few exceptions the Flughafen Wien Group recorded a significant improvement in all relevant indicators during the first half of 2012. Revenue rose by 4.7% to € 293.6 million, EBITDA by 11.0% to € 109.3 million and EBIT by 4.0% to € 68.7 million. Net profit increased 14.3% to the comparable prior year period to € 49.5 million. 
 
Declining trends can be seen in cargo volume, which fell by 8% to 131,061 tonnes, and maximum take-off weight (MTOW) totalled 4,014,586 tonnes, which is 1.3% lower than the comparable prior year period. Flight movements decreased 0.3% to a total of 120,455 take-offs and landings. Seat occupancy rose from 66.2% in the first half of the year 2011 to 69.7% for the reporting period. Vienna Airport handled a total of 10,422,861 passengers in the first six months of 2012, which represents an increase of 7.9% over the comparable prior year period. 
 
Revenue in the Airport Segment rose by 5.6% over the comparable prior year period to € 146.6 million in the first half of 2012. The Handling Segment reported a 0.2% decline in revenue to € 79.5 million, accompanied by an improvement of 192.8% in EBIT to € 9.3 million. The Retail & Properties Segment recorded an increase of 10.6% in revenue to € 59.6 million.

Quelle: LogEastics

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