Vienna Airport’s economy describes climb flight in the first half of 2011

Despite cargo losses: positive development of transport and new security charge cause jump in results of Vienna Airport group:

The first half of the year 2011 showed a positive development for the Vienna Airport group. Having generated a turnover of EUR 280.3 million, last year’s figure was exceeded by 10.7 per cent. This increase resulted from the positive development of traffic as well as the new security charge, as the group announces in its interim report.

According to this paper external revenue in the Airport segment rose by 11.2 per cent over the comparable prior year period to EUR 138.8 million. The growth in traffic was also responsible for an increase in external revenue recorded by the Handling segment, which rose by 4 per cent to EUR 79.7 million. The Retail & Properties segment recorded a plus of 20.7 per cent in revenue to EUR 53.9 million.

EBITDA totalled EUR 98.5 million (+15%) and EBIT EUR 66 million (+25.5%) for the reporting period. After the deduction of EUR 14.9 million in income tax expense (1-6/2010: EUR 11.8 million), net profit for the period amounted to EUR 43.3 million (1-6/2010: EUR 38.1 million). The development of earnings outpaced the growth in revenue, which led to an improvement in the EBITDA margin to 35.1 per cent (1-6/2010: 33.8 per cent) and in the EBIT margin to 23.6 per cent (1-6/2010: 20.8 per cent). Cargo turnover (air cargo and trucking) declined 3.9 per cent to 142,516 tons in the reporting period. In July 2011 cargo turnover declined year-on-year 2.2 per cent to 21,118 tons.

Quelle: LogEastics
Portal: www.logistik-express.com