EQS-News: Flughafen Wien AG: Flughafen Wien AG reports 23.7 million passengers at Vienna Airport in 2022, more than double the previous year and already 75% of record passenger traffic recorded in 2019

EQS-News: Flughafen Wien AG / Key word(s): Forecast/Miscellaneous
Flughafen Wien AG: Flughafen Wien AG reports 23.7 million passengers at
Vienna Airport in 2022, more than double the previous year and already 75%
of record passenger traffic recorded in 2019

19.01.2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Flughafen Wien AG reports 23.7 million passengers at Vienna Airport in
2022, more than double the previous year and already 75% of record
passenger traffic recorded in 2019 

Net profit guidance for 2023 improves to € 150 million

CO₂-neutral operations at Vienna Airport as of January 2023

• Successful comeback of the aviation sector: 30.1 million passengers in
the Flughafen Wien Group in 2022 – 23.7 million travellers at Vienna
Airport more than double the figure for 2021 (25% below the record
level of 2019)
• Growth trend expected to continue in 2023 – Guidance for 2023: approx.
32-34 million passengers expected in the Flughafen Wien Group and
about 26-27 million at Vienna Airport 
• Net profit for 2023 is likely to rise to over € 150 million, revenue
increase to about € 830 million, close to doubling of investments to
approx. € 135 million, Vienna Airport debt-free for the first time in
decades – New business location projects result in 800 additional
employees at the airport site
• The “Terminal 3 Southern Enlargement” investment project put on hold
due to the coronavirus crisis is once again on track – Construction
scheduled to begin in 2023
• Green airport: CO₂-neutral operations at Vienna Airport since January
2023
• Dividends to be distributed again for 2022 after three
coronavirus-related years without any dividend – Previous dividend
guidance confirmed of 60% of net profit for the year after
non-controlling interests

“Growth trend continues – Improved service quality thanks to terminal
expansion”

“Aviation was back again in the year 2022. Passenger volume at Vienna
Airport more than doubled and is now at about 75% of the pre-crisis level.
Particularly in the travel-intensive summer season, we displayed a very
high quality of flight operations thanks to the extensive commitment of
our employees. This was reflected in several international awards and
quality analyses. According to the aviation organisation OAG, Vienna
Airport was the third most punctual airport with more than 20 million
passengers in all of Europe in 2022, ahead of Munich, Zurich and
Frankfurt. We look ahead to 2023 with optimism. Airlines and flight
connections are returning, the long-haul offering is continuously being
expanded, and initial announcements made by airlines indicate an
attractive summer flight schedule with many new flight offerings. For this
reason, we expect further growth to 26-27 million passengers at Vienna
Airport. For this purpose, we are continuing our quality drive and are
resuming work on the Terminal 3 Southern Enlargement project put on hold
the years of the coronavirus pandemic. Passengers can expect greater
comfort at the airport on approx. 70,000 m² of additional terminal space
with new shopping, food and beverage and lounge offerings. This creates a
top league new terminal environment!” states Julian Jäger, Member of the
Management Board of Flughafen Wien AG.

“Vienna Airport is on the path to success once again”

“Vienna Airport is back on its path to success. The number of employees at
the Vienna Airport site will increase by about 800 people compared to the
previous year and by approx. 250 at Vienna Airport. For the first time in
decades, Flughafen Wien AG is debt-free and can finance planned
investments from its own cash flow. The net profit for 2022 is expected to
equal over € 150 million, revenue should rise to approx. € 830 million,
and EBITDA will once again surpass € 325 million. Investments of about €
135 million will be close to double the prior-year level and encompass the
expansion of photovoltaic capacities. After three years of not
distributing any dividend at all due to the coronavirus pandemic, a
dividend for 2022 will be distributed to shareholders and employees once
again. The previous guidance of a guidance equalling at least 60% of the
net profit after non-controlling interests is confirmed. Climate
protection is a top priority at Vienna Airport. In 2023, the airport will
increase its existing solar power capacities from 26 hectares at present
to 45 hectares, covering 40% of its total electricity requirements.
Moreover, the airport has already been operating in a CO₂-neutral manner
since the beginning of 2023,” says a pleased Günther Ofner, Member of the
Management Board of Flughafen Wien AG.

30.1 million passengers (-23.9% vs. 2019) handled by the Flughafen Wien
Group in 2022

The Flughafen Wien Group (Vienna Airport and the international strategic
investments in Malta Airport and Kosice Airport) reported an increase of
passenger traffic in the year 2022 to a total of 30,072,961 travellers,
comprising a rise of 129.3% year-on-year. However, passenger traffic in
2022 was still down close to 24% from the pre-crisis level of 2019.

23.7 million passengers at Vienna Airport from January-December 2022

Vienna Airport also registered a rise in the number of passengers it
handled in the year 2022, recording a total of 23,682,133 travellers, up
127.6% from the previous year. The number of takeoffs and landings was up
to 188,412 in the period January to December 2022. The average capacity
utilisation of the aircraft (seat load factor) increased from 62.5% in
2021 to 77.6% in 2022 (2019: 77.3%). Cargo volume (air cargo and trucking)
showed a downward development, declining by 4.1% in the year 2022 to
250,637 tonnes

Development of international strategic investments

The international strategic investments of the Flughafen Wien Group also
showed strong growth in 2022. Malta Airport reported a passenger volume of
5,851,079 travellers in 2022, representing a rise of 130.3% from the
previous year but a drop of 20.0% from the pre-crisis level of 2019.
Kosice Airport handled 539,749 passengers in 2022, comprising a
year-on-year increase of 224.1%, thus only 2.8% below the pre-crisis year
of 2019.

Traffic guidance for 2023

The Flughafen Wien Group expects 32-34 million passengers in the entire
group (Vienna Airport and the international strategic investments in Malta
Airport and Kosice Airport) in 2023 and 26-27 million passengers at Vienna
Airport.

Financial guidance for 2023

Due to the positive outlook, the consolidated net profit for the year 2023
is anticipated to improve to over € 150 million against the backdrop of
revenue of about € 830 million and EBITDA of at least € 325 million.
Investments are expected to increase to approx. € 135 million. All
investments will be financed from the cash flow without the need for
borrowings.

Dividend guidance

The Management Board confirms the previous dividend guidance for 2022,
calling for a dividend of at least 60% of the consolidated net profit for
the year after non-controlling interests to be distributed.

The current guidance is based on the assumption that there will be no
further pandemic-related lockdowns or massive restrictions on flight
traffic. The further, unpredictable course of the war in Ukraine at
present and its impacts on flight traffic continue to be a further reason
for uncertainty.

Terminal 3 Southern Enlargement project adds 70,000 m² of leisure areas
and enhanced travel comfort

In order to improve service quality for the benefit of its passengers,
Vienna Airport is once again resuming its “Terminal 3 Southern
Enlargement” investment project which was temporarily put on hold as a
consequence of the COVID-19 crisis. The building extension of Terminal 3
will offer approx. 70,000 m² of comfortable leisure and lounge areas as
well as additional bus gates and extensive additional space for new shops
as well as food and beverage facilities featuring more than 30 new
outlets. Particular emphasis will be placed on Austrian food and local
brands. The new building will also provide for convenient transfer
connections between the F, G and D gates. The central security screening
from Terminal 3 will be located in the new T3 Southern Enlargement in the
future, thus creating even more leisure areas. Construction work is
scheduled to begin in the middle of 2023. The new southern section should
be put into operation in 2027. Passengers will enjoy a new travel
experience against the backdrop of a modern atmosphere.

Vienna Airport is a “green airport”

Vienna Airport is determinedly pressing ahead with its sustainability
strategy in 2023. The airport has already reached its sustainability
targets in 2023 which were originally planned for the year 2030 and has
been operating the airport in a CO₂ neutral manner since January 2023. The
area dedicated to the airport’s own production of electricity from solar
power will be doubled from 26 hectares at the present time to about 45
hectares, corresponding to approx. 100,000 installed solar panels. This
will allow the airport to cover about 40% of its entire electricity needs.

Traffic development December 2022:

Flughafen Wien Group: 2.4 million passengers in December 2022

In December 2022, the number of passengers handled by the Flughafen Wien
Group (Vienna Airport, Malta Airport, Kosice Airport) equalled 2,371,161
travellers (+98.8% vs. 2021). This represents a decline of only 20.1%
compared to the pre-crisis level of December 2019.

Vienna Airport: 1.9 million passengers in December 2022

The number of passengers handled by Vienna Airport in the month of
December 2022 was also significantly higher at 1,922,357 (+108.6%) than in
the previous year. Accordingly, passenger traffic was only 22.1% below the
comparable level reported in the pre-crisis month of December 2019.

Traffic results in detail

The number of local passengers at Vienna Airport climbed 117.1% from the
previous year to 1,545,137 travellers, whereas transfer passenger traffic
rose to 369,522 (+79.6%). The number of flight movements in December 2022
rose to 15,102 (+29.6%). In contrast, cargo volume at Vienna Airport fell
by 16.2% from the comparable figure of December 2021 to 20,068 tonnes.

The total number of passengers at Vienna Airport flying to destinations in
Western Europe was up by 114.5% to 637,189 in December 2022 from the
prior-year level, whereas Eastern European traffic increased to a total of
169,893 passengers (+66.4%). Passenger traffic to North America equalled
24,750 passengers (+76.3%), and the number of passengers flying to Africa
rose to 27,285 (+71.1%). Passenger volume to the Middle East rose to
75,311 travellers in December 2022 (+149.7%) and to 31,160 passengers
flying to East Asian destinations (+194.2%).

Development of international strategic investments

The international strategic investments of the Flughafen Wien Group posted
a strong recovery in the year 2022. In December 2022, Malta Airport
reported an increase in passenger volume to 421,468 travellers (+65.6%)
compared to the previous year, whereas the total number of passengers
handled at Kosice Airport climbed to 27,336 (+63.5)

Details on traffic results for December 2022 can be found in the table
below.

 

Disclaimer

All statements made in this press release that refer to future
developments of Flughafen Wien AG/Flughafen Wien Group are based on
current assumptions and forecasts of the management. If the premises for
these forecasts do not occur or risks indicated in the risk report arise,
actual results may vary from these estimates. Despite the utmost care, all
forward-looking statements are therefore made without guarantee and
Flughafen Wien AG/Flughafen Wien Group assumes no obligation to update
these forward-looking statements or to conform them to future events or
developments.

 

Traffic Development in 2022

Flughafen Wien
(VIE)            
             
Diff. % Diff.
  12/2022 12/2021 12/2019 01-12/2022 2021 %
2019
Passengers 1,922,357 921,602 2,466,838 23,682,133 +127.6 -25.2
arr+dep+transit
Local passengers 1,545,137 711,582 2,003,019 17,809,927 +126.9 -26.8
arr+dep
Transfer passengers 369,522 205,792 457,040 5,794,588 +130.3 -19.4
arr+dep
Flight movements 15,102 11,649 20,666 188,412 +68.9 -29.4
arr+dep
Cargo arr+dep (in 20,068 23,947 22,733 250,637 -4.1 -11.7
tonnes)
MTOW (in tonnes) 634,328 501,648 851,067 7,856,315 +66.0 -27.8
             
Malta Airport (MLA, fully consolidated)        
             
Diff. % Diff.
  12/2022 12/2021 12/2019 01-12/2022 2021 %
2019
Passengers 421,468 254,535 477,309 5,851,079 +130.3 -20.0
arr+dep+transit
Local passengers 419,158 253,870 472,187 5,839,756 +130.3 -19.6
arr+dep
Transfer passengers 2,304 664 5,064 11,278 +166.9 -76.4
arr+dep
Flight movements 2,996 2,727 3,708 40,355 +64.6 -22.3
arr+dep
Cargo arr+dep (in 1,275 1,261 1,572 16,330 +9.8 -0.6
tonnes)
MTOW (in tonnes) 118,883 104,745 142,155 1,564,392 +69.4 -20.9
             
Kosice Airport (KSC, consolidated at
equity)        
             
Diff. % Diff.
  12/2022 12/2021 12/2019 01-12/2022 2021 %
2019
Passengers 27,336 16,719 24,941 539,749 +224.1 -2.8
arr+dep+transit
Local passengers 27,304 16,719 24,941 539,209 +223.8 -2.9
arr+dep
Transfer passengers 0 0 0 0 n.a. n.a.
arr+dep
Flight movements 227 200 346 4,398 +189.3 -27.0
arr+dep
Cargo arr+dep (in 0 0 2 1 n.a. -97.6
tonnes)
MTOW (in tonnes) 7,174 7,049 7,010 144,996 +173.7 -4.7
             
Vienna Airport and strategic investments (VIE,
MLA, KSC)      
             
Diff. % Diff.
  12/2022 12/2020 12/2019 01-12/2022 2021 %
2019
Passengers 2,371,161 1,192,856 2,969,088 30,072,961 +129.3 -23.9
arr+dep+transit
Local passengers 1,991,599 982,171 2,500,147 24,188,892 +129.2 -24.7
arr+dep
Transfer passengers 371,826 206,456 462,104 5,805,866 +130.4 -19.8
arr+dep
Flight movements 18,325 14,576 24,720 233,165 +69.4 -28.2
arr+dep
Cargo arr+dep (in 21,343 25,208 24,307 266,968 -3.3 -11.1
tonnes)
MTOW (in tonnes) 760,385 613,442 1,000,232 9,565,703 +67.5 -26.5

Note: Total number of passengers includes local, transfer and transit
passengers,
Traffic data adjusted.

Contact: Corporate Communications Flughafen Wien AG  

Press Office      
Peter Kleemann, Company Spokesman   
Tel.: (+43-1-) 7007-23000    
E-Mail: [1]p.kleemann@viennaairport.com                        
Website: [2] www.viennaairport.com    
[3] www.facebook.com/flughafenwien 

Investor Relations
Christian Schmidt
Tel.: (+43-1-) 7007-23126
E-mail: christian.schmidt@viennaairport.com

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19.01.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Flughafen Wien AG
Postfach 1
1300 Wien-Flughafen
Austria
Phone: +43-1-7007/23126
Fax: +43-1-7007/23806
E-mail: investor-relations@viennaairport.com
Internet: http://www.viennaairport.com
ISIN: AT00000VIE62
WKN: A2AMK9
Indices: ATX PRIME
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
(Basic Board), Munich, Stuttgart, Tradegate Exchange; London,
Nasdaq OTC, Vienna Stock Exchange (Official Market)
EQS News ID: 1538491

 
End of News EQS News Service

1538491  19.01.2023 CET/CEST

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