15.11.2007: Flughafen Wien Group: First three quarters bring 13.0% increase in EBITDA to ? 152.1 million.
Revenue growth in all segments
The strong growth in traffic led to an increase of 9.3% in external revenue recorded by the Airport Segment to EUR 172.4 million, despite a 1.38% reduction in the landing tariff at the beginning of this year. Revenue in the Handling Segment rose by 2.7% to EUR 108.9 million, supported by a rise in handling services (+4.8%) and cargo (+1.5%). These positive factors were contrasted by a 15.0% decline in individual services, which resulted from the mild winter and lower demand for de-icing. The positive development of revenue in the Non-Aviation Segment continued throughout the first three quarters of 2007 with an increase of 16.2% to EUR 96.5 million, which was related to higher income from security controls, rentals, shops and gastronomy, and parking.
Increase in passengers exceeds European average
Vienna International Airport handled a total of 14,043,370 passengers during the nine months from January to September 2007, which represents an increase of 9.4% over the comparable prior year period. This development again outpaced the branch in Europe, which grew by 5.5% according to Airport Council International.
Traffic to the Middle East rose by a strong 16.9%, while Vienna?s excellent market position in East European air travel was strengthened by an increase of 22.1% in passenger volume. The low-cost carriers again recorded above-average growth ? with a plus of 47.1% in the number of passengers handled during the reporting period, their share of the total passenger volume at Vienna International Airport now equals 17.4%.
The strong development that was registered in all traffic segments during the first nine months of 2007 was also matched by high rates of growth in October. From the current point of view, this trend will also continue throughout 2008.
Flughafen Wien AG will therefore revise its traffic estimates for 2008 and the following years, and announce adjusted forecasts in January 2008.
The strong growth in traffic above previously forecasted levels will require the implementation of expansion projects at an earlier date ? above all in the terminals and security functions ? as well as additional investments above the originally planned volume. The necessary steps will be evaluated and announced in the coming months.
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