DGAP-News: Flughafen Wien AG: 5.0% increase in passengers to 22.2 million in 2012
(firmenpresse) - DGAP-News: Flughafen Wien AG / Key word(s): Miscellaneous/Forecast
Flughafen Wien AG: 5.0% increase in passengers to 22.2 million in 2012
17.01.2013 / 08:00
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Flughafen Wien AG: 5.0% increase in passengers to 22.2 million in 2012
For 2013 Vienna Airport expects growth of 1 to 2% in the number of
passengers as well as higher revenue and EBITDA
Vienna Airport set a new record in 2012 with a total of 22,165,794
passengers. This year-on-year increase of 5.0% matched the company's
targets for 2012 and placed Vienna significantly above the European average
of 1.9% (for 1-11/2012 according to ACI).
'The increase in passenger traffic at Vienna Airport during the past year
was substantially higher than the European average. As in the past ten
years, we also grew stronger than our competitors in Europe during 2012,
above all Munich, Zurich and Frankfurt. That underscores the dynamic
development of our location and the excellent cooperation with our system
partners', explained Julian Jäger, member of the Management Board of
Flughafen Wien AG. 'For 2013 we are expecting an increase of 1 to 2% in the
number of passengers, in particular due to the strategies followed by
Vienna's two largest carriers, Austrian Airlines and Niki, to expand their
capacity and also due to the general trend towards the use of larger
aircraft. We have already started to adjust our infrastructure to meet this
projected growth: the refurbished Check-in 1 opened at the beginning of
January 2013 and Check-in 2 was closed. Pier West will also become more
modern and more comfortable. The modernisation of infrastructure represents
an important element of our strategy to improve the quality of services for
our passengers', added Jäger.
'The measures implemented in 2012 to increase productivity and reduce costs
are producing the desired results. We recorded substantial productivity
gains and further decreased debt during the past year. The price of our
share has risen 60% since the low in December 2011, which underscores the
renewed confidence of investors in Flughafen Wien and confirms our course',
indicated Günther Ofner, member of the Management Board of Flughafen Wien
AG. 'Our activities in 2013 will focus on the continuation of our corporate
strategy as well as the further development of our real estate portfolio
and location marketing', explained Ofner with a view to the current year.
European traffic as growth driver, further increase in traffic to Eastern
Europe
The number of passengers travelling to the Middle East rose by 8.3% in
2012. Traffic to Eastern Europe and Western Europe increased 12.1% and
3.5%, respectively. Flight movements (take-offs and landings) declined 0.6%
to 244,650 and maximum take-off weight was 1.7% lower. In spite of the
strong growth in passenger traffic during 2012, Vienna remains one of the
most punctual airports in Europe and, in international comparison, is
ranked ahead of the other Lufthansa hubs in Munich, Zurich and Frankfurt
Top destinations 2012: Western Europe - Frankfurt, Eastern Europe - Moscow,
Long-haul routes - Bangkok
The highest number of passengers travelling to Western Europe was recorded
by Frankfurt with 593,565, followed by London with 468,874 and Zurich with
453,461. The ranking for Eastern Europe shows Moscow with 320,640
passengers, followed by Bucharestwith 245,454 and Sofia with 224,825. The
most passengers on long-haul flights were recorded by Bangkok with 111,265,
followed by New York with 87,103 and Tokyo with 77,390.
Austrian Airlines Group with the largest share of passengers
A ranking of the airlines by the number of passengers carried is led by the
Austrian Airlines Group with 49.5%, followed by NIKI with 12.0%, airberlin
with 6.3% and Lufthansa with 5.5%. The top ten airlines at Vienna Airport
also include Germanwings with 2.2% of the total passenger volume, British
Airways and Turkish Airlines each with 1.7% and Swiss Intl., Air France and
Emirates each with 1.5%. In this ranking Turkish Airlines, Emirates and
Lufthansa recorded the strongest growth in the number of passengers
carried. The average seat occupancy (charter and scheduled flights) rose
from 69.6% in 2011 to 73.0%. Vienna Airport was regularly serviced by 71
airlines in 2012, which travelled to a total of 179 destinations in 67
countries.
Decline in cargo volume
The volume of cargo (incl. trucking) handled by Vienna Airport fell 9.2%
year-on-year to 252,276 tonnes in 2012. Air cargo declined 10.9% to 178,054
tonnes, and trucking was 4.8% lower at 74,222 tonnes.
Infrastructure modernisation in progress: start of operations in
refurbished Check-in 1
The former Terminal 1, which was closed in June 2012 after the opening of
Check-in 3, was reopened on 9 January 2013 as the modernised 'Check-in 1'.
Since that date it has successfully handled roughly 33,000 passengers, most
of whom were travelling with NIKI or airberlin, the main users of this
facility. At the same time Check-in 2 was closed. Work to construct a new,
shorter route for passengers from the B- and C-Gates to the arrivals hall
has already started and should be completed in spring 2013. A concept for
the redesign of Check-in 2 is being prepared, and a decision on this
project is expected during the first half of 2013. The Pier West will also
become more modern and comfortable following the expansion of the shopping
and gastronomy areas and the expansion of the gate zones. The optimisation
of Check-in 3 continues, with a focus on coordination with organisations
supporting disabled persons in order to improve barrier-free access.
First results of strategy to increase productivity and reduce costs
All major corporate goals were met in 2012: the productivity improvement
measures are taking hold, with a sustainable reduction recorded in other
administrative operating expenses and personnel costs. The costs for
Check-in 3 (formerly 'Skylink') were also cut further and, from the current
point of view, will be less than EUR 750 million. Construction and real
estate services were reorganised under new management, and recommendations
made by the Austrian Auditor General's office were implemented. The real
estate strategy and location marketing will represent an important focus of
activities in 2013: the goals are to strengthen earnings over the
medium-term through the optimisation of the airport's real estate
portfolio, to improve results generated by the conference facilities, to
expand office capacity over the medium-term in accordance with demand and
to increase energy efficiency through suitable investments.
Forecast for 2013: increase in passengers, revenue and EBITDA
For 2013 Flughafen Wien AG expects an increase of 1 to 2% in the number of
passengers, a decline of -1.5 to -2.5% in flight movements and stable
development of maximum take-off weight (MTOW) with +/- 0%. Against this
backdrop, the Management Board of Flughafen Wien views the outlook for 2013
with general optimism: revenue should rise to over EUR 625 million, and a
clear increase in EBITDA to at least EUR 230 million is targeted. Profit
after tax should roughly reflect the 2012 level and, from the current point
of view, will exceed EUR 65 million. Net debt should decline substantially
to below 2.9xEBITDA, i.e. to less than EUR 680 million, and investments
should amount to EUR 115 million in 2013 according to the latest
projections.
Facts and Figures 2012
2012: in % vs. 2011
Passengers (total) 22,165,794 + 5.0%
Thereof
Transfer passengers 7,052,530 + 8.1%
Local passengers 15,075,918 + 3.8%
Flight movements 244,650 - 0.6%
MTOW in tonnes 8,126,315 - 1.7%
Air cargo in tonnes 178,054 - 10.9%
Trucking in tonnes 74,222 - 4.8%
Air cargo and trucking in tonnes 252,276 - 9.2%
Scheduled and Charter Traffic Passengers* in % vs. 2011
Europe 9,721,741 + 5.4%
Thereof
Eastern Europe 2,226,488 + 12.1%
Western Europe 7,495,253 + 3.5%
Schengen 6,813,046 + 3.4%
EU 7,281,218 + 4.5%
Far East 384,524 - 5.9%
Middle East 541,667 + 8.3%
North America 212,488 + 2.4%
Africa 189,733 + 8.7%
South America 8,028 + 260.8%
Scheduled Traffic* Key Destinations Passengers in % vs. 2011* Departing passengers
Eastern Europe Nr.1 Moscow 320,640 + 12.4%
Western Europe Nr.1 Frankfurt 593,565 + 10.2%
Middle East Nr.1 Dubai 225,795 + 9.3%
Long-haul Nr.1 Bangkok 111,265 + 7.6%
Contact:
Judit Helenyi
Flughafen Wien AG
Investor Relations
Tel: +43 1 7007/23126
e-mail: j.helenyi(at)viennaairport.com
End of Corporate News
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Language: English
Company: Flughafen Wien AG
Postfach 1
1300 Wien-Flughafen
Austria
Phone: +43-1-7007/22826
Fax: +43-1-7007/23806
E-mail: investor-relations(at)viennaairport.com
Internet: http://www.viennaairport.com
ISIN: AT0000911805
WKN: 884216
Indices: ATX Prime
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; London, Wien (Amtlicher Handel / Official
Market)
End of News DGAP News-Service
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