Vienna Airport in the first quarter of 2023 with a large increase in earnings and sales

Vienna Airport in the first quarter of 2023 with a large increase in earnings and sales
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Sales increased year-on-year from EUR 110.9 million to EUR 180.4 million, the operating result (EBIT) rose from EUR 12.4 million to EUR 34.8 million, and the result for the period rose from EUR 6.7 million to EUR 25 million. With 6.7 million passengers in the group, there was a significant improvement compared to the previous year, it is only 9.3 percent below the pre-crisis level of 2019. 2.5 million passengers were registered in Vienna.

At Vienna Airport, the number of flight movements increased from January to March 2023 to 43,471 take-offs and landings. Average seat occupancy (seat load factor) increased from 62.4 to 75.6 percent year-on-year. The freight volume fell to 58,874 tons (minus 3.5 percent) compared to the previous year.

For 2023, the Flughafen Wien AG Group will continue to have around 32-34 million passengers (Vienna location around 26-27 million), as well as a turnover of 830 million, an EBITDA of at least 325 million and an annual result of at least 150 million expected, the airport announced today on the outlook. “The increasing investment activities, such as the generous southern extension of the terminal and the further expansion of our own electricity generation using photovoltaics can be financed from the cash flow without external funds,” it said.

This increases the value of the company, the Flughafen Wien share reached a new all-time high of EUR 42.45 per share on May 10, 2023, with a market capitalization of around EUR 3.66 billion, it was calculated. The operating cash flow amounts to EUR 89.6 million after a minus of EUR 21.4 million was posted in the first quarter of 2022.

Source: Nachrichten

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