02.03.2020, 15414 Zeichen

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Financial Figures/Balance Sheet/Preliminary financial results
Vienna International Airport -
2019 results: REVENUE INCREASE to EUR 857.6 million (+7.2%)\nNET PROFIT FOR THE PERIOD [1] up to EUR 175.7 million (+15.7%)\nDIVIDEND RISE proposed for 2019 to EUR 1.13/share (+27.0%)\nEarnings and traffic outlook for 2020: Currently high uncertainty with regard to estimate of effects of the coronavirus phenomenon, but traffic forecast (+3% to +5%) and earnings guidance still achievable. A better assessment will be possible in 4 to 6 weeks. A cost-cutting package to safeguard earnings will be introduced nevertheless. From a historic point of view, such external shocks have only resulted in a temporary reduction of growth\nTRAFFIC DEVELOPMENT 1 JANUARY UNTIL 27 FEBRUARY 2020: So far passenger growth of +9.8%, in the last couple of days, however, a strong weakening was observed\nCLOSE COOPERATION WITH AUTHORITIES to protect passengers and employees\n2019: in spite of growth less energy consumption (-16%) and further reduction in CO2 (-15% per traffic unit) once again compared to 2018\nAirport growth creates many new jobs and increases value creation: 25,000 people will work at Vienna Airport in 2020 - Aviation accounts for about 1.7% of Austria's GDP\n[1] Net profit for the period before non-controlling interests
"Flughafen Wien AG is developing very well, as shown by a 7.2% growth in revenue and 15.7% increase in the net profit for the period. For this reason, we will propose an increase in the dividend by 27.0% to EUR 1.13/share to the upcoming Annual General Meeting, from which employees will also profit. We expect further growth in 2020, which in turn also creates new jobs and added value. The number of employees at the Vienna Airport site will climb to 25,000 in 2020, and seven new companies have already located their business operations here. In May 2020 the new Office Park 4 will open in the Airport City. In spite of growth we have succeeded in improving our sustainability performance. Energy consumption has been reduced by 16% and CO2 emissions cut by 15% compared to 2018. On balance, CO2 emissions have fallen by more than 70% since the year 2012. Vienna Airport will turn into a green airport. Concerning the earnings guidance there is high uncertainty with regard to the estimate of effects of the coronavirus phenomenon, but the earnings guidance 2020 still seems achievable. A better assessment will be possible in 4 to 6 weeks. A cost-cutting package to safeguard earnings will be introduced nevertheless. From a historic point of view, such external shocks have only resulted in a temporary reduction of growth." explains Günther Ofner, Member of the Management Board of Flughafen Wien AG.
"The strong traffic growth in Vienna in 2019 is reflected in the good business development of Flughafen Wien AG. For this year, however, the coronavirus is big uncertainty factor: After a strong growth of passenger figures of +9,8% from 1 January until 27 February 2020, travel behaviour has significantly fallen in the last couple of days: A decrease in passenger figures from -9% to -12% has been recorded. From today's perspective, passenger and traffic growth of +3% to +5% can still be achieved, the longer travel behaviours stays negatively impacted by the coronavirus, the more difficult this will become. In any case, Flughafen Wien AG is economically and operationally well prepared and we will prevail in this challenging situation for the aviation and travel industries. Mid-term to long-term we are optimistic: As in similar situations like SARS, Ebola, 9/11 and the economic crisis 2009, the aviation industry will quickly rebound after temporary shocks", states Julian Jäger, Member of the Management Board of Flughafen Wien AG.
Dividend proposal: +27.0% to EUR 1.13 per share The Management Board will propose that the Annual General Meeting scheduled for May 28, 2020 approves a 27.0% increase in the dividend to EUR 1.13 per share (2018: EUR 0.89), or a total of EUR 94.9 million. Through the employee foundation, which holds 10% of the shares, all Flughafen Wien AG employees will benefit from the higher dividends, which comprise more than 80% of a monthly salary and which is also the result of their successful work. The dividend yield in 2019 equals 3.0%, and the payout ratio will reach the announced target level of 60%.
Revenue and earnings development in the segments In 2019, revenue in the Airport Segment rose by 7.9% year-on-year to EUR 411.7 million. Segment EBIT improved by 4.2% to EUR 104.0 million. The Handling and Security Services Segment registered a slight 1.8% rise in revenue to EUR 166.3 million. As a result of the revenue increase and savings which were realised, EBIT generated by the Handling and Security Services Segment improved to EUR 7.3 million, up 224.5%. 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 significant revenue increase of 11.1% in 2019 to EUR 162.6 million. Segment EBIT totalled EUR 85.6 million, up 17.1%. Revenue of the Malta Segment climbed 8.8% to EUR 100.3 million in 2019, thus surpassing the threshold of EUR 100 million for the first time, whereas segment EBIT equalled EUR 52.4 million, comprising an increase of 19.0%. Revenue of the Other Segments was up 3.1% in 2019 to EUR 16.7 million, and segment EBIT amounted to EUR 3.0 million, up 85.6% from the previous year.
2019: Investments of EUR 171.8 million - 2020: Increase to approx. EUR 230 million A total of EUR 171.8 million was invested in many ongoing projects in 2019, such as terminal development, Office Park 4 and the Environmental Fund, but also in Malta Airport. Investments of about EUR 230 million are planned in the year 2020.
Traffic development in 2019: 31.7 million travellers at Vienna Airport The number of passengers handled by the Flughafen Wien Group (Vienna Airport and the strategic foreign investments in Malta Airport and Kosice Airport) in 2019 amounted to 39.5 million, comprising a rise of 15.0% year-on-year. Vienna Airport registered a total of 31.7 million passengers in the year 2019, thus handling 17.1% more travellers than in the previous year.
+9.8% passenger growth from 1 January until 27 February 2020 With an increase of +9,8% to 3,976,291 passengers from 1 January until 27 February 2020, the growth pattern at Vienna Airport continues, although a significant drop has been recorded in the last days of February. Flight to and from China are currently suspended.
Preliminary Consolidated Financial Statements for 2019
Income Statement
______________________________________________________________________________ |in_EUR_million____|_______________2019|______________2018*|________Change_in_%| |Revenue___________|______________857.6|______________799.7|_______________+7.2| |Other operating | 13.7| 12.3| +11.5| |income____________|___________________|___________________|___________________| |Operating_income__|______________871.3|______________812.0|_______________+7.3| |__________________|___________________|___________________|___________________| |Expenses for | | | | |consumables and | -41.3| -42.1| -2.0| |services_used_____|___________________|___________________|___________________| |Personnel_expenses|_____________-323.2|_____________-301.5|_______________+7.2| |Other operating | -125.2| -120.4| +4.0| |expenses__________|___________________|___________________|___________________| |Impairment/ | | | | |reversal of | 0.0| -1.1| n.a.| |impairment losses | | | | |on_receivables____|___________________|___________________|___________________| |Proportional share| | | | |of income from | 3.2| 3.6| -10.9| |companies recorded| | | | |at_equity_________|___________________|___________________|___________________| |Earnings before | | | | |interest, taxes, | | | | |depreciation and | 384.8| 350.4| +9.8| |amortisation | | | | |(EBITDA)__________|___________________|___________________|___________________| |__________________|___________________|___________________|___________________| |Depreciation and | -130.7| -129.6| +0.9| |amortisation______|___________________|___________________|___________________| |Impairment________|_______________-1.8|________________0.0|_______________n.a.| |Earnings before | | | | |interest and taxes| 252.3| 220.8| +14.3| |(EBIT)____________|___________________|___________________|___________________| |__________________|___________________|___________________|___________________| |Income from | | | | |investments, | | | | |excluding | 0.7| 0.3| +109.5| |companies recorded| | | | |at_equity_________|___________________|___________________|___________________| |Interest_income___|________________2.2|________________2.0|_______________+8.9| |Interest_expense__|______________-17.9|______________-15.9|______________+13.2| |Other financial | 0.6| 1.0| -38.8| |result____________|___________________|___________________|___________________| |Financial_result__|______________-14.4|______________-12.5|______________-15.3| |__________________|___________________|___________________|___________________| |Earnings before | 237.9| 208.3| +14.2| |taxes_(EBT)_______|___________________|___________________|___________________| |__________________|___________________|___________________|___________________| |Income_taxes______|______________-62.2|______________-56.4|______________+10.2| |Net profit for the| 175.7| 151.9| +15.7| |period____________|___________________|___________________|___________________| |__________________|___________________|___________________|___________________| |Thereof | | | | |attributable_to:__|___________________|___________________|___________________| |Equity holders of | 158.9| 137.3| +15.7| |the_parent________|___________________|___________________|___________________| |Non-controlling | 16.8| 14.6| +15.3| |interests_________|___________________|___________________|___________________| |__________________|___________________|___________________|___________________| |Earnings per share| | | | |(in EUR, basic = | 1.89| 1.63| +15.7| |diluted)__________|___________________|___________________|___________________|

*Application of IFRS 16 since January 1, 2019: No adjustment to the prior-year period
Balance Sheet Indicators
______________________________________________________________________________ |in_EUR_million____|_________31.12.2019|________31.12.2018*|_________Change_in%| |ASSETS:___________|___________________|___________________|___________________| |Non-current_assets|____________1,999.6|____________1,957.2|_______________+2.2| |Current_assets____|______________301.1|______________200.9|______________+49.9| |__________________|___________________|___________________|___________________| |LIABILITIES:______|___________________|___________________|___________________| |Equity____________|____________1,380.9|____________1,297.0|_______________+6.5| |Non-current | 572.5| 549.3| +4.2| |liabilities_______|___________________|___________________|___________________| |Current | 347.2| 311.8| +11.4| |liabilities_______|___________________|___________________|___________________| |__________________|___________________|___________________|___________________| |Total_assets______|____________2,300.6|____________2,158.1|_______________+6.6| |__________________|___________________|___________________|___________________| |Net_debt**________|_______________81.4|______________198.2|______________-58.9| |Gearing_(in%)**___|________________5.9|_______________15.3|_______________n.a.|

Cashflow Rechnung
______________________________________________________________________________ |in_EUR_million____|_______________2019|______________2018*|_______Veränd._in_%| |Net cash flow from| | | | |operating | 373.0| 291.2| +28.1| |activities________|___________________|___________________|___________________| |investing | -176.1| -198.8| -11.4| |activities________|___________________|___________________|___________________| |financing | -142.3| -110.2| +29.1| |activities________|___________________|___________________|___________________| |__________________|___________________|___________________|___________________| |Free_cash_flow____|______________196.9|_______________92.4|_____________+113.3| |__________________|___________________|___________________|___________________| |CAPEX***__________|______________171.8|______________165.7|_______________+3.7|

* Application of IFRS 16 since January 1, 2019: No adjustment to the prior-year period ** Net debt and gearing as of 1.1.2019: Beginning of the year adjusted for lease liabilities according to IFRS 16 *** excluding financial assets
The Annual Report of Flughafen Wien AG for 2019, from January 1 to December 31 2019, will be available to the general public on the Internet at http://viennaairport.com/en/company/investor_relations/publications_and_reports [http://viennaairport.com/en/company/investor_relations/ publications_and_reports] end of April 2020. Vienna Airport, March 2, 2020 The Management Board
end of announcement euro adhoc
issuer: Flughafen Wien AG Postfach 1 A-1300 Wien-Flughafen phone: +43 1 7007 - 23126 FAX: +43 1 7007 - 23806 mail: investor-relations@viennaairport.com WWW: http://viennaairport.com/unternehmen/investor_relations ISIN: AT00000VIE62 indexes: stockmarkets: Wien language: English
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