- 18.01.2024, 07:30:48
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EQS-News: Financial outlook for 2024 foresees gratifying record levels of revenue of about € 970 million and net profit of at least € 210 million
EQS-News: Flughafen Wien AG / Key word(s): Forecast
Financial outlook for 2024 foresees gratifying record levels of revenue of
about € 970 million and net profit of at least € 210 million
18.01.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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2023 Marks the Second-Best Traffic Results in the History of Vienna
Airport: Strong growth in passenger volume to 29.5 million (+24.7%)
Traffic forecast for 2024: Approx. 30 million passengers expected
Financial outlook for 2024 foresees gratifying record levels of revenue of
about € 970 million and net profit of at least € 210 million
Launch of investment drive in 2024 to enhance quality and sustainability
featuring doubling of CAPEX to over € 200 million
• Passenger development in 2023: Flughafen Wien Group handles 38.0
million passengers – Vienna Airport reaches 93.3% of the pre-crisis
level of 2019 with 29.5 million travellers
• Guidance for 2024: Approx. 39 million passengers expected in the
Flughafen Wien Group and about 30 million at Vienna Airport
• Financial outlook for 2024: Significant improvement in the net profit
for the year to at least
€ 210 million, revenue expected to climb to approx. € 970 million,
increased financial strength based on EBITDA of over € 390 million,
investments to exceed € 200 million, EIB loan completely repaid
prematurely at the end of 2023
• Top destinations for air travel in 2023: Antalya, Mallorca and
Barcelona were the most popular vacation destinations in the summer –
Bangkok, New York and Taipei were the number one long-haul routes –
Germany, Spain and Italy as the leading travel destinations in 2023
• Vienna Airport is increasingly investing in quality and climate
protection: Ground-breaking ceremony for the Southern Expansion of
Terminal 3 on 14 February 2024 – The new quick electric filling
station for the Vienna Airport Region will open soon
• Airport growth brings around 700 additional employees at the airport
site
“Second-best passenger results in the airport’s history – VIE is the most
punctual hub in the Lufthansa Group”
“The strong desire to travel emerging after the coronavirus pandemic
continued in 2023 and served as the basis for a substantial upswing in
passenger volume at Vienna Airport. With 29.5 million travellers, we
recorded the second-best passenger results in the entire history of the
airport and thus reached 93.3% of the level generated in the record year
2019. Despite the high passenger volume, we underlined the high quality of
our handling services in an international comparison. Vienna Airport is
the most punctual hub in the Lufthansa Group and the third most punctual
hub in Europe and is ranked 11^th among more than 500 airports included in
the Skytrax ratings of the world’s best airports. I would like to
particularly thank all employees whose daily commitment is the basis for
our high-quality service and reliable handling at Vienna Airport. The new
Southern Expansion of Terminal 3, on which construction will begin soon
and which is scheduled to be put into operation in 2027, will enable us to
join the ranks of the top airports across the globe. Our international
strategic investments in Malta and Kosice airports already surpassed their
pre-crisis passenger figures in 2019. We anticipate a normalisation of
flight traffic growth rates in 2024. The extraordinarily strong catch-up
effect in the past two years following the coronavirus pandemic will slow
down in 2024 and we expect a passenger volume of about 30 million
travellers at Vienna Airport in the entire year 2024,” explains Julian
Jäger, Member of the Management Board of the airport operating company
Flughafen Wien AG.
“Strong revenue and earnings improvement expected in 2024 – Doubling of
investments to over € 200 million will be financed from our cash flow“
“With respect to its business results, Vienna Airport will continue on its
growth path in 2024. Revenue is expected to rise to € 970 million, the
consolidated net profit for the year should increase to at least € 210
million and EBITDA will be up to more than € 390 million, which underlines
the strong financial standing of the completely debt-free company.
Accordingly, at the end of 2023, the outstanding EIB loan was fully repaid
ahead of schedule. Particularly at a time marked by sluggish construction
activity, airport investments will double to over € 200 million. The
Growth will bring at least 700 new jobs to the site. After the
ground-breaking ceremony for the Southern Expansion project on 14 February
2024, a new, large electric filling station will commence operations
shortly afterwards. Starting in 2025, 20,000 tonnes of biokerosene will
have to be mixed with normal aviation fuel. This figure will already
increase to 50,000 tonnes as of 2030 and 200,000 tonnes starting in 2035.
However, the necessary production capacities are still lacking. For this
reason, there is an urgent need to take action,” states Günther Ofner,
Member of the Management Board of Flughafen Wien AG.
Passenger development in 2023: The Flughafen Wien Group handles 38.0
million passengers (+26.2%) The Flughafen Wien Group (Vienna Airport and
the international strategic investments in Malta Airport and Kosice
Airport) reported an increase of passenger traffic in the period
January-December 2023 to a total of 37,958,240 travellers, comprising a
rise of 26.2% year-on-year. Group passenger traffic in 2023 was down by
only 4.0% from the pre-crisis level of 2019.
Passenger development in 2023: 29.5 million passengers at Vienna Airport
(+24.7%) – Aircraft capacity utilization of 80.5% higher than before the
pandemic
Vienna Airport registered a rise in the number of passengers it handled in
the year 2023, recording a total of 29,533,186 travellers, up 24.7% from
the previous year or 93.3% of the pre-crisis level of 2019. The number of
local passengers climbed by 28.2% to 22,831,334 travellers, whereas
transfer passenger traffic was up 14.3% to 6,620,862. Capacity utilisation
of the aircraft (seat load factor) also improved, equalling 80.5% for the
entire year 2023 (+ 2.8pp vs. 2022) and thus 3.1 percentage points above
the seat load factor in the record year of 2019. Cargo volume (air cargo
and trucking) showed a slight downward development, declining by 2.2% in
the year 2023 to 245,009 tonnes.
Top travel destinations in 2023: London in Western Europe, Bucharest in
Eastern Europe, Bangkok as the top long-haul route
The most popular vacation destinations for flights departing from Vienna
Airport in 2023 were Antalya, Mallorca and Barcelona. Bangkok, New York
and Taipei were the top three among long-haul routes. Germany, Spain and
Italy were the most popular country destinations. Italy, Greece and Turkey
recorded the strongest passenger growth in 2023 compared to 2019 i.e., in
the year before the outbreak of the pandemic.
Passenger records of international strategic investments
In 2023, the international strategic investments of the Flughafen Wien
Group even succeeded in surpassing the pre-crisis level. Malta Airport
reported a passenger volume of 7,803,042 travellers in 2023, representing
a rise of 33.4% from the previous year and 6.7% higher than the pre-crisis
level of 2019. Kosice Airport handled 622,012 passengers in 2023,
comprising a year-on-year increase of 15.2% or 12.0% above the pre-crisis
year of 2019.
Traffic guidance for 2024: About 39.0 million passengers expected in the
Flughafen Wien Group and about 30.0 million passengers at Vienna
AirportFlughafen Wien AG expects approx. 30.0 million passengers at Vienna
Airport and about 39.0 million passengers in the entire Flughafen Wien
Group (Vienna Airport and the international strategic investments in Malta
Airport and Kosice Airport) in 2024.
Financial guidance for 2024
Flughafen Wien AG expects total revenue of approx. € 970 million in 2024,
along with an EBITDA of more than € 390 million and a consolidated net
profit for the year before minority interests of at least
€ 210 million. Total investments are anticipated to surpass € 200
million.
The current passenger and financial guidance are based on the assumption
that there will not be any additional adverse geopolitical effects or
massive restrictions on flight traffic.
Travel experience in a class of its own: Ground-breaking ceremony for the
Southern Expansion project on 14 February 2024
Vienna Airport will construct the “Southern Expansion of Terminal 3” as a
means of further improving service quality for its passengers. The
building extension to Terminal 3 will offer approx. 70,000 m² of space,
including comfortable waiting and lounge areas, additional bus gates and
numerous new shopping and restaurant offerings featuring more than 30 new
outlets. Particular emphasis will be placed on Austrian cuisine and local
brands. The new building will also provide convenient transfer connections
between the F, G and D gates. The centralised security checks from
Terminal 3 will take place in the new Terminal 3 Southern Expansion in the
future, thus creating even more leisure areas. The ground-breaking
ceremony will take place on 14 February 204. The new Southern Expansion
will be put into operation in 2027. Passengers will enjoy a new travel
experience against the backdrop of a modern atmosphere.
Boom in business location projects adds 700 new employees
2023 turned out to be a record year for the AirportCity. A total of 20
companies with more than 700 employees located their business operations
at the airport site.
EU standard for the gradual ecologisation off light traffic requires an
urgent action plan
Starting next year, 20,000 tonnes of biokerosene will already have to be
mixed with normal aviation fuel at Vienna Airport in order to fulfil the
stipulations of the EU guidelines. This figure will already increase to
50,000 tonnes as of 2030 and 200,000 tonnes starting in 2035. However,
sufficient production capacities are nowhere in sight at the present time.
For this reason, an action plan to achieve these targets is urgently
needed. Proceeds from the air transport levy should be used to fund this
undertaking.
Traffic results in December 2023: Ongoing good passenger development at
the end of the year
Flughafen Wien Group: 2.8 million passengers in December 2023 (+16.0%)
In December 2023, the number of passengers handled by the Flughafen Wien
Group (Vienna Airport, Malta Airport, Kosice Airport) equalled 2,751,613
travellers (+16.0% vs. December 2022). Accordingly, total Group passenger
volume in December 2023 was about 7.3% lower than the pre-crisis level of
December 2019.
Vienna Airport: 2.2 million passengers in December 2023 (+13.9%)
The number of passengers handled by Vienna Airport in the month of
December 2023 also improved to 2,188,686 travellers, or 13.9% higher than
in the prior-year months. Accordingly, passenger traffic was 11.3% below
the comparable level reported in the pre-crisis month of December 2019.
Traffic results in December 2023 in detail
The number of local passengers at Vienna Airport climbed 16.9% from the
previous year to 1,806,440 travellers, whereas transfer passenger traffic
rose 1.3% to 374,462. The number of flight movements in December 2023 rose
to 16,490 (+9.2% vs. December 2022). In contrast, cargo volume at Vienna
Airport fell slightly by 2.3% from the comparable figure of December 2022
to 20,527 tonnes.
The total number of passengers at Vienna Airport flying to destinations in
Western Europe in December 2023 was up by 19.4% year-on-year to 760,587,
whereas Eastern European traffic increased to a total of 178,496
passengers (+5.1%). Passenger traffic to North America equalled 28,263
passengers (+14.2%), and the number of passengers flying to Africa dropped
2.6% to 26,577. Passenger volume to the Middle East fell to 65,190
travellers in December 2022 (-13.4%), whereas passenger traffic flying to
East Asian destinations amounted to 40,798 passengers (+30.9%).
In December 2023, Malta Airport reported an increase in passenger volume
to 529,041 travellers (+25.5%) compared to the previous year, which is
already 10.8% higher than the pre-crisis level of 2019. The total number
of passengers handled at Kosice Airport climbed to 33,383 (+24.0%), or
35.9% higher than the figure in the pre-crisis year of 2019.
Details on traffic results for December 2023 can be found in the table
below.
Traffic Development 2023
Vienna Airport
(VIE)
Diff. % Diff.
12/2023 12/2022 12/2019 01-12/2023 2022 %
2019
Passengers 2,188,686 1,922,357 2,466,838 29,533,186 +24.7 -6.7
arr+dep+transit
Local passengers 1,806,440 1,545,137 2,003,019 22,831,334 +28.2 -6.1
arr+dep
Transfer passengers 374,462 369,522 457,040 6,620,862 +14.3 -7.9
arr+dep
Flight movements 16,490 15,102 20,666 221,095 +17.3 -17.1
arr+dep
Cargo arr+dep (in 20,527 20,068 22,733 245,009 -2.2 -13.7
tonnes)
MTOW (in tonnes) 712,118 634,328 851,067 9,282,959 +18.2 -14.7
Malta Airport (MLA, fully consolidated)
Diff. % Diff.
12/2023 12/2022 12/2019 01-12/2023 2022 %
2019
Passengers 529,041 421,468 477,309 7,803,042 +33.4 +6.7
arr+dep+transit
Local passengers 526,972 419,158 472,187 7,773,618 +33.1 +7.0
arr+dep
Transfer passengers 2,068 2,304 5,064 29,406 +160.7 -38.5
arr+dep
Flight movements 3,762 2,996 3,708 51,353 +27.3 -1.1
arr+dep
Cargo arr+dep (in 1,736 1,275 1,572 19,264 +18.0 +17.3
tonnes)
MTOW (in tonnes) 149,508 118,883 142,155 2,011,402 +28.6 +1.8
Flughafen Kosice (KSC, consolidated at equity)
Diff. % Diff.
12/2023 12/2022 12/2019 01-12/2023 2022 %
2019
Passengers 33,883 27,336 24,941 622,012 +15.2 +12.0
arr+dep+transit
Local passengers 33,883 27,304 24,941 622,012 +15.4 +12.1
arr+dep
Transfer passengers 0 0 0 0 n.a. n.a.
arr+dep
Flight movements 299 227 346 4,648 +5.7 -22.9
arr+dep
Cargo arr+dep (in 0 0 2 1 +51.9 -96.3
tonnes)
MTOW (in tonnes) 9,248 7,174 7,010 151,766 +4.7 -0.2
Vienna Airport and strategic investments (VIE,
MLA, KSC)
Diff. % Diff.
12/2023 12/2020 12/2019 01-12/2023 2022 %
2019
Passengers 2,751,610 2,371,161 2,969,088 37,958,240 +26.2 -4.0
arr+dep+transit
Local passengers 2,367,295 1,991,599 2,500,147 31,226,964 +29.1 -2.8
arr+dep
Transfer passengers 376,530 371,826 462,104 6,650,268 +14.5 -8.1
arr+dep
Flight movements 20,551 18,325 24,720 277,096 +18.8 -14.7
arr+dep
Cargo arr+dep (in 22,264 21,343 24,307 264,274 -1.0 -12.0
tonnes)
MTOW (in tonnes) 870,874 760,385 1,000,232 11,446,127 +19.7 -12.0
Note: Total number of passengers includes local, transfer and transit
passengers,
Traffic data adjusted.
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.
Contact: Corporate Communications Flughafen Wien AG
Press Office Investor Relations
Peter Kleemann, Company Spokesman Bernd Maurer
Tel.: (+43-1-) 7007-23000 Tel.: (+43-1-) 7007-23126
E-mail: [1]p.kleemann@viennaairport.com E-mail:
b.maurer@viennaairport.com
Website: [2]www.viennaairport.com
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18.01.2024 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: 1817297
End of News EQS News Service
1817297 18.01.2024 CET/CEST
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