Vienna Airport plans investments of EUR 115 million in 2013
Flughafen Wien AG registered -9.2 per cent in air cargo and trucking in the year 2012
In spite of the general economic uncertainty, the Management Board of Flughafen Wien is optimistic about business in 2013. Revenue should increase to over EUR 625 million and a significant improvement in EBITDA to at least EUR 230 million is expected. Profit for the period should exceed EUR 65 million, and net debt should continue to decline. After investments of EUR 101.8 million in 2012, the budget for 2013 calls for investments of EUR 115 million.
As to the Cargo segment (air cargo and trucking) the airport had to face a 9.2 per cent-decline from 277,784 tonnes in 2011 to 252,276 tonnes in 2012. However, sales revenue rose by 4.4 per cent to EUR 607.4 million and EBITDA by 17.1 per cent to EUR 221.4 million, while EBIT increased 60.8 per cent to EUR 108.0 million. The group’s net profit rose to EUR 71.9 million (+127.5 per cent) for the reporting year.
“In 2012 we significantly increased productivity and also generated profitable growth. These developments were supported, above all, by the successful streamlining of the organisation, numerous efficiency improvement measures and a reduction in financing costs and personnel expenses. Net debt was reduced by a notable amount from EUR 751.7 million to EUR 719.6 million“, explained Günther Ofner, member of the Management Board (CFO) of Flughafen Wien AG.
The airport’s goals for 2013 are clear: continue profitable growth and further reduce net debt. At the same time, they want to strengthen earning power by making better use of revenue-generating opportunities. One particular focal point is the development and marketing of the airport as a real estate location.
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