Insider (Ad-Hoc) Information
| Insider (ad hoc) announcement
Flughafen Wien AG responds to crisis with extensive savings and liquidity protection programme; annual general meeting 2020
is rescheduled, proposal for distribution of profits no longer provides for a dividend payment
Flughafen Wien AG responds to COVID-19 crisis with an extensive savings and liquidity protection programme
The company reschedules the annual general meeting 2020 to 4 September 2020, the proposal for distribution of profits no longer provides for a dividend payment for the financial year 2019
Flughafen Wien AG responds to the ongoing COVID-19 crisis, that has led to a reduction of passenger volume of 98%, with an extensive savings and liquidity protection programme. The savings programme comprises a volume of over € 220m which corresponds to more than 25% of planned revenue for 2020. In addition, staff is in reduced working hours. Usage of state aid packages, the provision of sufficient credit lines and the successful implementation of saving measures guarantee the liquidity of the company, even if the crisis prevails until the end of the year. Planned investments for 2020 will be reduced to a figure below € 100m. Office Park 4 and Terminal 2 will be completed, all other substantial construction projects, such as the southern extension and the refurbishment of Pier East, will be delayed. A new schedule will not be available before the end of 2020. The annual general meeting for the financial year 2019 will be rescheduled to 4 September 2020. Like at other listed European Airports, the proposal for the distribution of profits of Flughafen Wien AG will call for the profit to be carried forward and will no longer provide for a dividend payment for the financial year 2019. This measure also safeguards the access to further state aid if needed. The corresponding convening of the annual general meeting and the publication of all relevant documents will be carried out subject to all legal deadlines before the new date.
The adjusted financial calender will be published at
https://www.viennaairport.com/en/company/investor_relations .
Contact: Corporate Communications Flughafen Wien AG
Press Office Investor Relations
Peter Kleemann, Company Spokesman Christian Schmidt
Tel.: (+43-1-) 7007-23000 Tel.: (+43-1-) 7007-23126
E-Mail: p.kleemann@viennaairport.com E-mail: christian.schmidt@viennaairport.com
Website: www.viennaairport.com
www.facebook.com/flughafenwien
twitter.com/flughafen_wien
Flughafen Wien AG responds to COVID-19 crisis with an extensive savings and liquidity protection programme
The company reschedules the annual general meeting 2020 to 4 September 2020, the proposal for distribution of profits no longer provides for a dividend payment for the financial year 2019
Flughafen Wien AG responds to the ongoing COVID-19 crisis, that has led to a reduction of passenger volume of 98%, with an extensive savings and liquidity protection programme. The savings programme comprises a volume of over € 220m which corresponds to more than 25% of planned revenue for 2020. In addition, staff is in reduced working hours. Usage of state aid packages, the provision of sufficient credit lines and the successful implementation of saving measures guarantee the liquidity of the company, even if the crisis prevails until the end of the year. Planned investments for 2020 will be reduced to a figure below € 100m. Office Park 4 and Terminal 2 will be completed, all other substantial construction projects, such as the southern extension and the refurbishment of Pier East, will be delayed. A new schedule will not be available before the end of 2020. The annual general meeting for the financial year 2019 will be rescheduled to 4 September 2020. Like at other listed European Airports, the proposal for the distribution of profits of Flughafen Wien AG will call for the profit to be carried forward and will no longer provide for a dividend payment for the financial year 2019. This measure also safeguards the access to further state aid if needed. The corresponding convening of the annual general meeting and the publication of all relevant documents will be carried out subject to all legal deadlines before the new date.
The adjusted financial calender will be published at
https://www.viennaairport.com/en/company/investor_relations .
Contact: Corporate Communications Flughafen Wien AG
Press Office Investor Relations
Peter Kleemann, Company Spokesman Christian Schmidt
Tel.: (+43-1-) 7007-23000 Tel.: (+43-1-) 7007-23126
E-Mail: p.kleemann@viennaairport.com E-mail: christian.schmidt@viennaairport.com
Website: www.viennaairport.com
www.facebook.com/flughafenwien twitter.com/flughafen_wien
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