EANS-News: Flughafen Wien AG announces increase in its Guidance for 2015 from EUR 85 million to EUR 95 million - Considerable Rise in Revenue and Earnings in Q1-3/ 2015

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9-month report

Flughafen Wien AG announces increase in its Guidance for 2015 from
EUR 85 million to EUR 95 million - Considerable Rise in Revenue and
Earnings in Q1-3/ 2015

· REVENUE up 3.8% to EUR 495.1 million, EBITDA up to EUR 218.6
million (+8.8%) and EBIT improved to EUR 118.2 million (+11.7%)

· NET PROFIT FOR THE PERIOD* rose significantly to EUR 84.4 million
(+11.9%)

· NET DEBT: further substantial reduction to EUR 402.3 million

· TRAFFIC DEVELOPMENT FROM JANUARY TO OCTOBER 2015: 1.4% increase in
passenger volume; slight drop of 0.3% in October 2015

· UPWARD REVISION IN GUIDANCE FOR 2015: Revenue forecast changed to
more than EUR 650 million, net profit expected to surpass EUR 95
million, passenger growth of more than 1%

*Profit for the period after non-controlling interests

The Flughafen Wien Group reported a good traffic and business
development in the first nine months of 2015, featuring a substantial
improvement in revenue and earnings. Revenue was up 3.8% to EUR 495.1
million, EBITDA increased 8.8% to EUR 218.6 million, EBIT climbed
11.7% to EUR 118.2 million and the net profit for the period rose
11.9% to EUR 84.4 million. A significant further decrease in the
level of net debt was achieved thanks to the strong cash flow.
Flughafen Wien revised its guidance for the entire year 2015 upwards,
with profits of more than EUR 95 million expected instead of the
original forecast of EUR 85 million. Passenger volume should increase
by more than 1%, whereas revenue is predicted to surpass EUR 650
million and EBITDA exceeding EUR 260 million is expected.

"The resolute implementation of our strategy of reducing costs and
enhancing productivity has borne fruit. Earnings indicators improved
considerably, accompanied by a further substantial reduction of net
debt. The outlook remains positive. For this reason, we are improving
our financial forecasts for the entire year 2015. The development of
our Airport City is also proceeding well. For example, the logistics
company Kühne + Nagel will relocate its corporate headquarters and
120 employees to Vienna Airport. This underlines the fact that Vienna
Airport is a highly attractive real estate and office location", says
Günther Ofner, Member of the Management Board of Flughafen Wien AG.

"In line with the positive development of traffic results up until
now and our estimates for the coming months, we can provide a more
detailed forecast specifying an increase in total passenger volume of
more than 1% for the entire year 2015. The winter flight schedule
offers new long-haul flight connections to the destinations of
Mauritius, Sri Lanka and Miami as well as frequency increases.
Several highlights for 2016 have already been announced. Our quality
strategy is also visibly recognized. Accordingly, Vienna Airport was
granted the 4-Star Airport ranking by Skytrax and the award for the
best airport team in Europe", states Julian Jäger, Member of the
Management Board of Flughafen Wien AG.

Passenger volume up 1.5% in the first nine months of 2015

Vienna Airport handled a total of 17,486,471 passengers in the first
nine months of 2015, comprising a rise of 1.5% in a year-on-year
comparison. Total passenger volume to Western Europe increased by
1.8% in this period, whereas passenger traffic to Eastern European
destinations fell by 5.6% due to the crisis situation in Russia and
the Ukraine. The expanding flight offering to the Far East resulted
in passenger growth of 5.6%. Similarly, passenger volume to the
Middle East also developed positively, showing a rise of 11.9%. The
number of passengers flying to North American and African
destinations climbed by 11.5% and 9.1% respectively.

Average seat occupancy (seat load factor) fell to 74.7% in the first
nine months of 2015 from 75.6% in the previous year. The number of
flight movements declined by 1.5% in the same period to 172,981
starts and landings. The maximum take-off weight rose by 3.3% to
6,379,905 tonnes, which is mainly attributable to the deployment of
larger long-haul aircraft by the airlines. Cargo volume (air cargo
and trucking) showed a slight drop of 0.3% during the period January
to September 2015 to 198,942 tonnes.

Revenue and earnings development in the segments

In the first nine months of 2015, revenue of the Airport Segment rose
by 4.1% year-on-year to EUR 273.0 million. Revenue generated by the
Handling Segment climbed by 3.5% to EUR 113.6 million. The Retail &
Properties Segment reported a revenue increase of 3.8% to EUR 96.8
million. Revenue in the Other Segments remained practically unchanged
at EUR 11.7 million (+0.3%).

Investments

Of the total investments amounting to EUR 45.0 million in the first
nine months of the year, EUR 10.7 million related to investments in
taxiways, EUR 9.9 million was for winter services and equipment
parking garages and EUR 5.6 million involved investments made in
connection with Runway 3. EUR 1.8 million was for explosive trace
detectors, EUR 1.3 million related to cooling units, EUR 1.3 million
was designed for special vehicles and investments of EUR 1.1 million
were made in a transformer station. Total investments in the year
2015 are expected to be well below EUR 95 million.

Traffic development in October 2015: Slight drop in passenger volume
of 0.3%

The number of passengers handled by Vienna Airport in October 2015
fell slightly by 0.3% from the comparable level of October 2014 to a
total of 2,033,802. The number of local passengers in October 2015
rose by 2.0% from the previous year, whereas the total volume of
transfer passengers was down by 5.3% in a year-on- year comparison.
This decrease was due to the crisis situation in Russia and capacity
reductions carried out by the airlines. The number of flight
movements (starts and landings) decreased by 3.1%. In contrast, there
was a slightly positive development in the maximum take-off weight
(MTOW), which increased by 0.2%. Total cargo volume was down 4.4% in
October 2015 compared to the prior- year level. Cumulative passenger
volume in the months January to October 2015 was up 1.4% from the
previous year.

The number of passengers flying to Western Europe rose by 1.1% in the
individual month of October 2015, whereas passenger traffic to
Eastern Europe fell by 2.9%, which is related to the crisis situation
in Russia, amongst other factors. Passenger volume to the Middle East
and Far East also dropped by 0.6% and 2.0% respectively. Vienna
Airport showed passenger growth of 6.0% to North American
destinations. In October 2015 the number of passengers flying to
Africa was down by 5.7% from the previous year.

Good development of strategic investments in Malta and Kosice

The foreign strategic investments of the Flughafen Wien Group
developed well. Malta Airport reported cumulative passenger growth of
7.4% from January to October, with passenger volume up to more than
4.1 million passengers in the first ten months of the year. Kosice
Airport handled a total of 358,050 passengers, comprising a rise of
11.7% in the same period.

Results in detail

October 2015 Change in % January-October Change in %
2015
Passengers 2,033,802 -0.3 19,520,273 +1.4
Local 1,437,404 +2.0 13,928,592 +3.2
passengers
Transfer 587,694 -5.3 5,505,324 -3.5
passengers

Maximum take- off weight 744,495 +0.2
7,124,400 +3.0 (tonnes) Flight movements
20,008 -3.1 192,989 -1.7 (arrivals &
departures) Cargo in tonnes

(air cargo and 25,797 -4.4 224,739 -0.8
trucking)

Consolidated Interim Financial Statements as of 30 September 2015

Income Statement in

EUR million Q1-3/2015 Q1-3/2014 Change in %
Revenue 495.1 476.8 3.8
Other operating
income 7.0 11.2 -37.5
Operating income 502.1 488.0 2.9

Consumables and
services used -25.5 -28.2 -9.7
Personnel expenses -191.1 -188.2 1.5
Other operating
expenses -66.9 -70.8 -5.4
Earnings before

interest, taxes, depreciation and amortisation (EBITDA)
218.6 200.8 8.8 Scheduled depreciation
and amortisation -100.4 -95.0
5.7 Earnings before interest and taxes

(EBIT) 118.2 105.8 11.7

Income from
investments,
excluding companies
recorded at equity 0.3 0.1 89.9
Interest income 1.5 1.1 28.9
Interest expense -16.8 -18.4 -8.8
Other financial
result -0.1 0.1 n.a.
Financial results

excl. companies recorded at equity -15.2
-17.1 -11.0 Results from the disposal of companies
recorded at equity 0.0 2.3
-100.0 Proportional share

of income from
companies recorded
at equity 6.7 6.5 2.2
Financial results -8.6 -8.3 2,8

Earnings before
taxes (EBT) 109.6 97.5 12.4

Income taxes -25.3 -22.6 11.7
Net profit for the
period 84.4 74.9 12.7

Thereof
attributable to:
Equity holders of
the parent 84.4 75.4 11.9
Non-Controlling
interests -2.0 -529.7 -99.6

Earnings per share
(in EUR, basic =
diluted) 4.02 3.59 11.9

Balance sheet
Indicators in EUR
million 30.9.2015 31.12.2014 Change in %
ASSETS:
Non-current assets 1,744.3 1,803.4 -3.3
Current assets 152.4 88.8 71.6

EQUITY AND
LIABILITIES:
Equity 1,003.2 952.5 5.3
Non-current
liabilities 589.7 672.2 -12.3
Current liabilities 303.8 267.5 13.6

Balance sheet total 1,896.7 1,892.2 0.2

Net debt 402.3 506.2 -20.5
Gearing (in %) 40.1 53.1 n.a.

Cash flow Statement
in EUR million Q1-3/2015 Q1-3/2014 Change in %
Cash flow
from operating
activities 186.6 186.8 -0.1
from investing
activities -47.5 -47.5 0.0
from financing
activities -78.2 -140.0 -44.1

Free cash flow 139.1 139.3 -0.2

CAPEX 45.0 54.1 -16.8

The report by Flughafen Wien AG of the first nine months of 2015,
from January 1 to September 30, 2015, is available to the general
public at the company's offices at 1300 Flughafen Wien and at Bank
Austria, 1010 Vienna, Schottengasse 6-8. It is also available on the
Internet at http://viennaairport.com/en/
company/investor_relations/publications_and_reports/quarterly_reports

November 17, 2015

The Management Board of Flughafen Wien AG

Further inquiry note:
Investor Relations:
Mag. Judit Helenyi (+43-1)7007-23126; j.helenyi@viennaairport.com
Mario Santi (+43-1)7007-22826; m.santi@viennaairport.com

end of announcement euro adhoc
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company: Flughafen Wien AG
Postfach 1
A-1300 Wien-Flughafen
phone: +43 1 7007 - 22826
FAX: +43 1 7007 - 23806
mail: investor-relations@viennaairport.com
WWW: http://viennaairport.com/unternehmen/investor_relations
sector: Transport
ISIN: AT0000911805
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English