EUR 6.3 million for a forwarding agent building at Vienna Airport

Vienna International Airport: Clear decline in cargo volume and good economic performance in the first nine months of 2012
 
The first nine months of 2012 had two earmarks at the cargo segment at the Vienna Airport: Cargo volume (air cargo and trucking) fell by 8.9 per cent year-on-year to 189,074 tonnes as a result of the decline in cargo flights. And an investment of EUR 6.3 million was made to expand and modernise the forwarding agent building.
 
The Flughafen Wien group reported a substantial improvement in all key indicators for the first nine months of 2012. Revenue increased by 5.1 per cent to EUR 457.5 million and EBITDA by 10.4 per cent to EUR 174.6 million. EBIT rose to EUR 102.8 million (+63.1 per cent) and net profit to EUR 71.7 million. In connection with this year-on-year improvement, it should be noted that results for the first three quarters of 2011 were negatively influenced by special effects and impairment charges.
 
“We are on the right course. The measures implemented to increase productivity, reduce costs and streamline the organisational structure are producing the intended results. We were also able to cut the costs for Check-in 3. For 2012 we are expecting positive net cash flow and a slight reduction in net debt“, commented Günther Ofner, member of the Management Board (CFO) of Flughafen Wien AG, on the latest financial results.

Quelle: LogEastics

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