Half Year 2025 Flughafen Wien AG Earnings Call Transcript
Key Points
- Revenues increased by 7.4% and net profit rose by 6.2% in the first half of 2025.
- Positive contributions from Malta exceeded expectations, with strong passenger growth and new airline partnerships.
- The Terminal 3 Southern Expansion Project is on time and within budget, expected to be operational by the first half of 2027.
- Airport City projects are progressing well, with new companies and facilities enhancing the airport's infrastructure.
- Operational performance has improved, with Vienna Airport being one of the most punctual in Europe and Austrian Airlines leading in punctuality within the Lufthansa Group.
- EBITDA margin decreased due to high cost increases, particularly in personnel expenses.
- Expected reduction in passenger charges and landing fees in 2026 due to the expiration of COVID special regulations.
- Handling and security segments face challenges due to rising staff costs and competitive pressures.
- Regulatory burdens, such as European Regulation 2019/225 and sustainable aviation fuels, could increase ticket prices significantly.
- Uncertainty remains regarding the third runway project due to ongoing legal and regulatory challenges.
Good afternoon, ladies and gentlemen. Welcome to the conference call for the H1 results of Vienna Airport. This call is recorded, and a replay of the conference call will be online roundabout right after this session. With me, CFO and Co-COO, Mr. Ofner; and Co-CEO and COO, Julian Jaeger. As always, CFO Ofner is first presenting about the financials, and later Mr. Jaeger taking over about the operating part of our business.
And so I hand over to you, Mr. Ofner.
Yeah. Good afternoon to all of you. Today, we published our results for the first six months of 2025. And as you might have seen in the presentation, revenues went up 7.4%, net profit went up 6.2%, EBITDA was up 3.3%, and this comparison already shows that we lost some productivity in regard of our EBITDA margin, mainly due to high cost increases over the board, but especially personnel expenses, as we will see later.
On the other hand,
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