EANS-News: Flughafen Wien AG on the 2015 Financial Year: Strong Earnings Improvement to EUR 100.4 Million (+ 21.8 %)

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annual result/preliminary financial results 2015

Flughafen Wien AG on the 2015 Financial Year: Strong Earnings
Improvement to EUR 100.4 Million (+ 21.8 %) - Best Results in the
Company's History Despite Headwinds from Numerous Trouble Spots

Dividend proposal: increase to EUR 2.00 per share (+21.2% from EUR
1.65 in 2014) - Positive outlook for 2016

* REVENUE up to EUR 654.4 million (+3.8%), EBITDA up to EUR 275.2
million (+10.0%)

* NET PROFIT FOR THE PERIOD*) rose significantly to EUR 100.4 million
(+21.8%)

* NET DEBT further reduced to EUR 466.0 million (down EUR 40.2
million from 2014)

* INVESTMENTS of EUR 79.9 million in 2015, EUR 95 million targeted
for 2016

* POSITIVE OUTLOOK for 2016: revenue is expected to rise to over EUR
675 million, net profit for the period to surpass EUR 105 Million

*) Net profit after non-controlling interests

The Flughafen Wien Group reported a substantial improvement in
results against the backdrop of a challenging year characterized by
crisis-related declines in traffic and strikes as well as passenger
growth on long-haul routes, along with new airlines and destinations.
In the 2015 financial year, revenue was up 3.8%, EBITDA climbed by
10.0%, the net profit for the period rose 21.8% and net debt was
reduced to EUR 466.0 million. A dividend of EUR 2.00 per share will
be proposed for 2015 to the Annual General Meeting, a rise of 21.2%
from the prior- year dividend.

The outlook for the year 2016 is also positive. Flughafen Wien AG
expects passenger growth of between 0% and 2%. Revenue should climb
to more than EUR 675 million and EBITDA is expected to surpass EUR
280 million. From today's perspective, the consolidated net profit
for the period should reach a level of more than EUR 105 million, and
net debt should be further reduced below the EUR 400 million
threshold.

"Vienna Airport is in an economically strong position. Productivity
has increased by about 30% over the last five years. In spite of
headwinds from numerous crisis areas, Flughafen Wien AG generated the
best business results in the company's history. We expect growth in
revenue and earnings once again in 2016. The Airport City expanded
over the past year with five companies locating their business
operations here, and construction is now starting on the new Moxy
Hotel scheduled to be opened in 2017. Other potential partners are
already displaying a keen interest in the airport as a real estate
location", explains Günther Ofner, Member of the Management Board of
Flughafen Wien AG.

"2015 was a challenging year for the aviation sector, which was
shaped by developments in various crisis regions and strike
situations, but in particular also showed growth. In 2015 we set a
new record of 22.8 million passengers, and reported a strong increase
on long-haul routes. Our shopping and gastronomy business also
developed very well, with revenue up 6.9%. We are optimistic about
the year 2016. Several new flight connections and new airlines are
already definite, including Air India flights to Delhi, as was
recently announced. All in all, we anticipate an increase in
passenger volume of between 0% and 2%", says Julian Jäger, Member of
the Management Board of Flughafen Wien AG.

Dividend increase to EUR 2.00 per share

Thanks to the good business development in 2015, the Annual General
Meeting scheduled for May 31, 2016 will be asked to approve a higher
dividend of EUR 2.00 per share (2014: EUR 1.65) or a total dividend
payout of EUR 42 million. All employees of Flughafen Wien AG will
also profit from the higher dividend, which is the result of their
successful work, through the employee foundation that holds 10% of
the shares. The dividend yield for the 2015 financial year equals
about 2.3% based on the share price as of December 31, 2015, and the
dividend payout ratio comprises 41.8% of the net profit after
non-controlling interests.

Revenue and earnings development in the segments

Revenue in the Airport Segment rose by 4.4% year-on-year to EUR 359.2
million. EBIT improved by 17.0% to EUR 53.5 million. The Handling
Segment registered a 3.8% rise in revenue to EUR 151.3 million, with
EBIT generated by this segment at a level of EUR 11.5 million
(-5.4%). This also includes the security Services of VIAS as well as
the handling services provided by Vienna Aircraft Handling VAH). The
Retail & Properties Segment developed positively once again in 2015,
with revenue up 3.6% to EUR 128.2 million. This growth was mainly
driven by higher income from shopping and gastronomy. Segment EBIT
totaled EUR 68.9 million, comprising an increase of 16.8%. Revenue in
the Other Segments fell by 5.7% to EUR 15.6 million, with EBIT at EUR
9.0 million in the 2015 financial year.

Investments

Of the total investments amounting to EUR 79.9 million in 2015, EUR
13.3 million related to work on taxiways, whereas EUR 10.0 million
was for winter services and equipment storage halls, while further
investments were also made in connection with the 3rd Runway, special
vehicles, IT equipment and explosive trace detectors. Total
investments in the year 2016 are targeted to be at a level of approx.
EUR 95 million.

Good traffic development in 2015 - Slightly optimistic for 2016

The year 2015 developed well with respect to passenger development.
Vienna Airport achieved a new passenger record of 22.8 million
passengers, a rise of 1.3% year-on-year. In particular, new long-haul
flight connections and frequency increases by the airlines had a
positive impact on passenger volume. In contrast, the crisis
situation in Russia negatively affected the business. The total
number of flight movements (departures and arrivals) fell slightly by
1.7%, and the average seat occupancy (seat load factor) was also down
by 0.7 percentage points to 74.3%. Cargo volume showed a marginal
drop of 1.8% to 272,575 tonnes. A total of 75 airlines regularly
served Vienna Airport in 2015, flying to a total of 181 destinations
in 73 countries.

Flughafen Wien AG expects the number of passengers handled by Vienna
Airport to increase in 2016, rising by between 0% and 2% compared to
2015. The company anticipates a stable development in the number of
flight movements of between - 1% and 0%. From today's perspective,
new flight connections, for example to Shanghai (CN), Bari (IT),
Havana (CU) and Isfahan (IR) by Austrian Airlines and to Faro (PT),
Split and Dubrovnik (HR) by NIKI, as well as frequency increases and
flight service launched by Air India, easyJet, Eurowings, People?s
Viennaline, SAS, SunExpress, Transavia, and Vueling to various
destinations should provide impetus to growth.

Preliminary Consolidated Financial Statements**)

Income Statement

in EUR million 2015 2014 Change in %
Revenue 654.4 630.2 3.8
Other operating
income 7.4 16.1 -53.9
Operating income 661.8 646.3 2.4
Consumables and
services used -34.2 -38.9 -12.2
Personnel expenses -260.6 -254.1 2.6
Other operating
expenses -91.9 -103.1 -10.8
Earnings before

interest, taxes,
depreciation and
amortisation

(EBITDA) 275.2 250.2 10.0
Depreciation and
amortisation -134.3 -130.4 2.9
Reversal of
impairment loss 2.0 0.0 n.a.
Earnings before

interest and taxes (EBIT) 142.9
119.8 19.3 Income before investments excl.

companies at equity 0.3 0.1 89.9
Interest income 1.6 0.9 73.5
Interest expense -22.3 -24.2 -7.7
Other financial
results -0.1 0.1 n.a.
Financial results

excl. companies at equity -20.6
-23.1 -10.7 Results from sale of equity-accounted
investments/ companies 0.0
2.3 -100.0 Result from companies accounted for using
the

equity method 8.6 7.7 11.2
Financial results -12.0 -13.1 -8.2
Earnings before
taxes (EBT) 130.9 106.7 22.7
Income taxes -30.5 -24.8 23.1
Net profit for the
period 100.4 81.9 22.5
Therefor
attributetable to:
Equity holders of
the parent 100.4 82.5 21.8
Non-controlling
interests -0.0 -0.5 -98.9

Earnings before

share (in EUR, basic = diluted 4.78
3.93 21.8

Balance sheet indicators

in EUR million 2015 2014 Change in %

ASSETS:

Non-current assets 1,748.6 1,803.4 -3.0
Current assets 161.1 88.8 81.4

EQUITY AND
LIABILITIES:

Equity 1,020.0 952.5 7.1
Non-current
liabilities 579.1 672.2 -13.9
Current liabilities 310.6 267.5 16.1

Balance sheet total 1,909.7 1,892.2 0.9

Net debt 466.0 506.2 -7.9
Gearing (in %) 45.7 53.1 -7.4 %p

Cash flow Statement

in EUR million 2015 2014
Change in % Cash flow from operating activities
228.4 220.6 3.5

from investing activities -146.9
-67.5 117.8

from financial

activities -79.1 -154.8 -48.9

Free cash flow 81.5 153.1 -46.8

CAPEX 79.9 75.1 6.4

**) All amounts and financial indicators are related to the
preliminary results of Flughafen Wien AG for 2015.

The full annual report by Flughafen Wien AG on the 2015 financial
year from 1 January to 31 December 2015 will be published at the end
of April 2016 and be available under
http://www.viennaairport.com/unternehmen/investor_relations menu
point - Publications and reports - subpoint - Annual reports or
Financial reports respectively.

The Management Board

Vienna Airport, March 2, 2016

Contact:

Corporate Communications at Flughafen Wien AG

Press Office:

Peter Kleemann (+43-1-) 7007-23000, p.kleemann@viennaairport.com
Clemens Schleinzer (+43-1-) 7007-22399,
c.schleinzer@viennaairport.com Stefanie Tomanek (+43-1-) 7007-26939,
s.tomanek@viennaairport.com

Investor Relations:

Judit Helenyi (+43-1-)7007-23126, j.helenyi@viennaairport.com
Mario Santi (+43-1-) 7007-22826, m.santi@viennaairport.com

www.viennaairport.com

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