DJ EQS-News: Flughafen Wien AG Reports a Positive First Quarter of 2024: Increase in passenger traffic, revenue and earnings

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EQS-News: Flughafen Wien AG / Key word(s): Quarterly / Interim Statement
Flughafen Wien AG Reports a Positive First Quarter of 2024: Increase in passenger traffic, revenue and earnings
2024-05-16 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
Flughafen Wien AG Reports a Positive First Quarter of 2024:
Increase in passenger traffic, revenue and earnings

. Strong passenger growth in Q1/2024: 7.6 million passengers in the Flughafen Wien Group (+13.8%)

. Financial performance indicators in Q1/2024: Revenue up 16.6% to EUR 210.3 million and Group net profit for
the period improvement to EUR 37.2 million (+48.9%), EBITDA rise of 19.0% to EUR 79.5 million, and EBITDA increase of
33.6% to EUR 46.5 million

. April 2024: 3.4 million passengers in the Flughafen Wien Group - 2.6 million passengers handled by Vienna
Airport

. Guidance for 2024: 39 million passengers expected in the Flughafen Wien Group and about 30 million at
Vienna Airport, along with a slightly higher financial guidance with revenue of over
EUR 1 billion, EBITDA of more than EUR 400 million and a Group net profit of at least EUR 220 million.

"Flughafen Wien AG is investing heavily in future growth - CAPEX of over EUR 200 million in 2024"
"The ongoing desire to travel, successful business location projects, a positive financial result and a high level of
cost discipline contributed to a significant improvement in revenue and earnings of Flughafen Wien AG in Q1/2024. We
anticipate future growth, which is why we are making massive investments to the amount of over EUR 200 million in 2024, a
figure which will increase in the coming years. As a debt-free company, we can finance these investments e.g., the
Southern Expansion terminal project, expansion of photovoltaic facilities by 13 MW and a fast electric charging
station, from our own cash flow without incurring any new debt. Innovative business location projects such as
Enpulsion, an Austrian company producing satellite propulsion engines, and the European Space Agency, are pointing the
right way into the future," states an optimistic Dr. Günther Ofner, joint CEO and CFO of Flughafen Wien AG.

"Extensive offering of destinations and flights should trigger a strong summer travel season"
"The first quarter of the year went extremely well. The desire to travel continued unabated in the first three months
of this year. The increased passenger traffic of 11.0% at Vienna Airport and 13.8% in the Flughafen Wien Group is
significantly driving revenue and earnings development. The extensive offering of destinations and flights should
result in a strong summer travel season. The upcoming Whitsun weekend is a good indicator of this. We expect about
360,000 passengers in the period from 18^th to 20^th of May. We are well positioned in terms of our flight operations,
and our airport team is in full action to ensure that we offer travellers the best quality of service. The new Southern
Expansion Terminal project will provide a major boost for an even better airport experience. Construction work is
already in fully swing. Starting in 2027, we will make more leisure areas and an extended shopping and gastronomical
offering available to passengers over 70,000 m², along with new lounges, more security checkpoints and many other
additional features," says Mag. Julian Jäger, joint CEO and COO of Flughafen Wien AG.

January to March 2024: 5.9 million passengers at Vienna Airport - 7.6 million passengers in the Flughafen Wien Group
Passenger traffic at Vienna Airport increased in the first quarter of 2024 compared to the first quarter of 2023. From
January to March 2024, the Flughafen Wien Group (Vienna Airport and the international strategic investments Malta
Airport and Kosice Airport) reported a rise in passenger traffic in the period January-March 2024 to a total of
7,580,972 travellers, comprising a rise of 13.8%. Vienna Airport registered an increase in the number of passengers it
handled to 5,910,251 (+11.0%). The number of flight movements climbed to 46,294 take-offs and landings in the period
January to March 2024. The average seat load factor in the first three months of the year equalled 76.5%, comprising a
further increase of 0.9 percentage points from the prior-year level. Cargo volume (air cargo and trucking) climbed
15.6% to 68,058 tonnes. Passenger traffic at Malta Airport amounted to 1,573,712 travellers in Q1/2024 (+26.3%). Kosice
Airport showed a 6.5% increase to 97,009 passengers. Both of Flughafen Wien AG's foreign strategic investments recorded
higher passenger volumes over the last months than in the comparable period of 2023.

Q1/2024: Strong revenue increase to EUR 210.3 million (+ 16.6%) and increase in the Group net profit to EUR 37.2 million
In Q1/2024, the Flughafen Wien Group generated revenue of EUR 210.3 million, comprising a year-on-year increase of 16.6%.
EBITDA rose to EUR 79.5 million compared to the previous year, whereas EBIT climbed to EUR 46.5 million. The net profit for
the period before non-controlling interests rose to EUR 37.2 million in Q1/2024. The cash flow from operating activities
totalled EUR 68.2 million (Q1/2023: EUR 89.6 million), taking into account earlier payments made for incentives compared to
the previous year.

Revenue and earnings development in the segments
Q1/2024 revenue of the Airport Segment climbed from the prior-year period to EUR 98.0 million, and segment EBIT improved
to EUR 18.6 million. The Handling and Security Services Segment registered higher revenue of EUR 39.7 million compared to
Q1/2023, whereas segment EBIT equalled minus EUR 0.3 million. This segment also includes the security services of VIAS as
well as the handling services provided by Vienna Aircraft Handling (VAH) and Vienna Passenger Handling Services (VPHS).
The Retail & Properties Segment reported a rise in revenue in Q1/2024 to EUR 41.4 million. EBIT of this segment climbed
to EUR 16.2 million. Revenue of the Malta Segment was up to EUR 25.7 million in Q1/2024 compared to the prior-year period.
Segment EBIT totalled EUR 10.8 million.

Capital expenditure
A total of EUR34.9 million was invested in intangible assets and property, plant and equipment as well as investment
property in the first three months of 2024 (Q1/2023: EUR 15.2 million). The largest investment projects at Vienna Airport
included EUR 12.3 million for the Southern Expansion project. A total of EUR 15.6 million was invested at Malta Airport in
the first three months of 2024.

Forecast for passenger development in 2024: Approx. 39 million passengers expected in the Flughafen Wien Group and
about 30 million at Vienna Airport
2024 will see a further upward development of passenger volumes. About 30 million passengers are expected at Vienna
Airport in the entire year 2024 and approx. 39 million in the Flughafen Wien Group (including Malta and Kosice
airports).

Slightly improved financial guidance 2024
The Flughafen Wien Group expects total revenue to amount to more than EUR 1.0 billion by the end of the year, as well as
EBITDA of over EUR 400 million and a Group net profit for the year before non-controlling interests of at least EUR 220
million. Total investments are expected to surpass the level of EUR 200 million. The current passenger and financial
guidance is based on the assumption that there will not be any additional adverse geopolitical effects or massive
restrictions on flight traffic.

Traffic development in April 2024: The upward trend continues

Flughafen Wien Group: 3.4 million passengers in April 2024
In April 2024, the Flughafen Wien Group (Vienna Airport, Malta Airport and Kosice Airport) reported a rise in
passenger traffic to 3,423,209 travellers (+6.5% vs. April 2023).

Vienna Airport: 2.6 million passengers in April 2024
Passenger volume at Vienna Airport in the month of April 2024 also improved compared to the previous year, with the
number of passengers up to a total of 2,610,171 travellers (+5.9%).

Traffic results in detail
The number of local passengers at Vienna Airport in April 2024 climbed 7.0% from the previous year to 2,026,385
travellers, whereas transfer passenger traffic rose 1.9% to 574,986. The number of flight movements in April 2024 rose
to 19,815 (+6.2% vs. April 2023). Cargo volume at Vienna Airport was up by 15.6% to 23,890 tonnes vs. the prior-year
month (April 2023).

The total number of passengers at Vienna Airport flying to destinations in Western Europe in April 2024 climbed to
918,261 (+8.8% from April 2023), whereas Eastern European traffic in April 2024 rose to 208,807 passengers (+5.5%).
Passenger traffic to North America equalled 33,638 travellers, up 1.1% from the prior-year month, and the number of
passengers flying to Africa decreased to 28,476 (-8.3%). Passenger volume to the Middle East totalled 63,614 travellers
in April 2024 (-22.8%), and the number of passengers flying to Far East destinations climbed to 38,758 (+12,6%).

Malta Airport reported an increase in passenger volume in the month of April 2024 to 774,562 travellers
(+9.3%). In contrast, Kosice Airport showed a decline in passenger volume to 38,476 (-7.6%).

Details on traffic results can be found in the table below.

Disclaimer
All statements made in this press release that refer to future developments of Flughafen Wien AG/Flughafen-Wien-Group
are based on current assumptions and forecasts of the management. If the premises for these forecasts do not occur or
risks indicated in the risk report arise, actual results may vary from these estimates. Despite the utmost care, all
forward-looking statements are therefore made without guarantee and Flughafen Wien AG/Flughafen-Wien-Group assumes no
obligation to update these forward-looking statements or to conform them to future events or developments.

Traffic development April 2024

Vienna Airport (VIE)

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04/2024     Diff. % 2023     01-04/2024    Diff. % 2023 
Passengers arr+dep+transit            2,610,171             +5.9      8,520,734            +9.4 
Local passengers arr+dep              2,026,385             +7.0      6,749,297           +10.9 
Transfer passengers arr+dep             574,986             +1.9      1,742,420            +3.7 
Flight movements arr+dep                 19,815             +6.2         66,109            +6.4 
Cargo arr+dep (in tonnes)                23,890            +15.6         91,948           +15.6 
MTOW (in tonnes)                        836,651             +7.7      2,852,194            +9.7 

Malta Airport (MLA, fully consolidated)

04/2024     Diff. % 2023     01-04/2024    Diff. % 2023 
Passengers arr+dep+transit              774,562             +9.3      2,348,274           +20.2 
Local passengers arr+dep                773,540             +9.8      2,343,691           +20.4 
Transfer passengers arr+dep               1,020            -74.4          4,534           -42.9 
Flight movements arr+dep                  5,127             +9.6         15,882           +17.6 
Cargo arr+dep (in tonnes)                 1,803            +38.9          6,713           +13.6 
MTOW (in tonnes)                        198,202             +8.8        623,482           +17.5 

Flughafen Kosice (KSC, consolidated at equity)

04/2024     Diff. % 2023     01-04/2024    Diff. % 2023 
Passengers arr+dep+transit               38,476             -7.6        135,822            +2.3 
Local passengers arr+dep                 38,476             -7.6        135,822            +2.3 
Transfer passengers arr+dep                   0             n.a.              0            n.a. 
Flight movements arr+dep                    333             +1.8          1,164           +11.3 
Cargo arr+dep (in tonnes)                     0            > 500              1           > 500 
MTOW (in tonnes)                          8,399            -16.2         33,573            +2.2 

Vienna Airport and strategic investments (VIE, MLA, KSC)

04/2024 Diff. % 2023 01-04/2024 Diff. %
2023

Passengers arr+dep+transit            3,423,209             +6.5     11,004,830           +11.4 
Local passengers arr+dep              2,838,401             +7.5      9,228,810           +13.0 
Transfer passengers arr+dep             576,006             +1.3      1,746,954            +3.4 
Flight movements arr+dep                 25,275             +6.8         83,155            +8.4 
Cargo arr+dep (in tonnes)                25,693            +17.0         98,662           +15.5 
MTOW (in tonnes)                      1,043,252             +7.7      3,509,249           +10.9 

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Note: Total number of passengers includes local, transfer and transit passengers,

Traffic data adjusted.

Consolidated Income Statement

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in EUR million                                                            Q1/2024 Q1/2023 
Revenue                                                                   210.3   180.4 
Other operating income                                                      3.3     2.9 
Operating income                                                          213.6   183.3 

Expenses for consumables and services used                                -14.9   -17.7 
Personnel expenses                                                        -89.1   -75.7 
Other operating expenses                                                  -30.1   -23.2 
Impairment/reversals of impairments on receivables                          0.2     0.1 
Proportional share of income from companies recorded at equity             -0.3    -0.0 
Earnings before interest, taxes, depreciation and amortisation (EBITDA)    79.5    66.8 

Depreciation and amortisation                                             -33.0   -32.0 
Earnings before interest and taxes (EBIT)                                  46.5    34.8 

Income from investments, excluding companies recorded at equity             3.6     2.0 
Interest expense                                                           -0.6    -3.2 
Other financial result                                                      0.7     0.3 
Financial result                                                            3.8    -0.9 

Earnings before taxes (EBT) 50.3 33.9

Income taxes                                                              -13.2    -9.0 
Net profit for the period                                                  37.2    25.0 

Thereof attributable to:

Equity holders of the parent                                               33.5    23.0 
Non-controlling interests                                                   3.6     2.0 

Earnings per share
(in EUR, basic = diluted) 0.40 0.27
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Balance Sheet Indicators

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in EUR million 31.3.2024 31.12.2023
ASSETS:

Non-current assets         1,664.1    1,662.7 
Current assets               556.0      531.7 

LIABILITIES:

Equity                     1,593.0    1,556.4 
Non-current liabilities      290.2      292.6 
Current liabilities          337.0      345.4 

Total assets 2,220.1 2,194.4

Net liquidity 393.3 361.9
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Cash Flow Statement

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in EUR million                             Q1/2024 Q1/2023 
Net cash flow from operating activities     68.2    89.6 
investing activities       -72.2  -153.0 
Financing activities        -0.0    -0.0 

Free cash flow -4.1 -63.3

CAPEX^1 34.9 15.2
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1) Excluding financial assets

The Annual Report and Financial Report of Flughafen Wien AG for 2024 from January 1 to March 31, will be available to the general public on the Internet at

http://viennaairport.com/en/company/investor_relations/publications_and_reports.

Vienna Airport, 16th of May 2024 The Management Board

Contact: Corporate Communications of Flughafen Wien AG

Press Office Peter Kleemann, Company Spokesman Tel.: (+43-1-) 7007-23000 E-Mail: p.kleemann@viennaairport.com Investor Relations Bernd Maurer Tel.: (+43-1-) 7007-23126 E-Mail: b.maurer@viennaairport.com

Website: www.viennaairport.com

www.facebook.com/flughafenwien

twitter.com/flughafen_wien

www.instagram.com/vienna_airport

www.linkedin.com/company/vienna-international-airport

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2024-05-16 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com

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Language:     English 
Company:      Flughafen Wien AG 

Postfach 1
1300 Wien-Flughafen
Austria

Phone:        +43-1-7007/23126 
Fax:          +43-1-7007/23806 
E-mail:       investor-relations@viennaairport.com 
Internet:     http://www.viennaairport.com 
ISIN:         AT00000VIE62 
WKN:          A2AMK9 
Indices:      ATX PRIME 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart, Tradegate 

Exchange; London, Nasdaq OTC, Vienna Stock Exchange (Official Market)
EQS News ID: 1904275

End of News EQS News Service
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1904275 2024-05-16 CET/CEST

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May 16, 2024 01:30 ET (05:30 GMT)