Flughafen Wien Expects Higher 2012 Profit

March 21, 2012

Bookmark and Share

Austrian airport operator Flughafen Wien expects higher sales and revenue in 2012 as a new terminal set to open in June doubles its shopping area, it said on Wednesday.

"The target calls for EBITDA of at least EUR€200 million (USD$264.4 million) and net profit of over EUR€50 million as well as net debt that does not exceed four times EBITDA, i.e. less than EUR€800 million," it said, forecasting a slight increase in revenue.

Profit after tax and minority interests fell 58 percent to EUR€31.6 million in 2011 as well-flagged impairment charges wiped out a 9 percent rise in revenue.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 12 percent to EUR€189 million.

It proposed halving its dividend to 1 euro per share.

(Reuters)