EQS-News: Flughafen Wien AG / Key word(s): Quarterly / Interim Statement/Half
Year Results
Flughafen Wien AG Business Results in the First Half of 2025: Increase in
passenger traffic, revenue and earnings
19.08.2025 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Flughafen Wien AG Business Results in the First Half of 2025: Increase in
passenger traffic, revenue and earnings
• Passenger growth in H1/2025: 19.6 million passengers handled by the
Flughafen Wien Group (+4.7%)
• Financial performance indicators in H1/2025: Revenue +7.4% to € 524.4
million, EBITDA +3.3% to € 211.7 million and EBIT +5.3% to € 146.1 million –
improvement of the Group net profit by 6.2% to € 115.1 million
• Stable development in July 2025: 4.5 million passengers handled by the
Flughafen Wien Group (+1.0%) and 3.3 million passengers at Vienna Airport
(-1.2%)
• Financial and traffic guidance for 2025 unchanged – Expiration of
COVID-related regulation expected to lower airport charges in 2026
“Flughafen Wien AG withstands international crises with strong development in
the first half of 2025 – Revenue increase 7.4% - 6.2% rise in net profit -
multi-year investment program with record volume of € 300 million in 2025
continues despite expected tariff reductions in 2026”
“With revenue increase of 7.4% and the 6.2% rise in the Group net profit in the
first half of 2025, Vienna Airport is performing strongly, despite numerous
external challenges and international crises, such as the months long suspension
of flights to Israel. The outlook for the full 2025 financial year also remains
positive, with the current guidance confirmed. Expansion projects at Vienna and
Malta airports will see record investments of around € 300 million in 2025, with
all projects on time and on budget, making good progress. The company is well
positioned for the challenges expected in 2026, which are related to the
reduction of airport charges against the backdrop of the further increase in
operating expenses caused by ongoing high inflation rates,” states Günther
Ofner, Joint CEO and CFO of Vienna Airport.
“A good summer travel season featuring a stable development at a high level –
Tariff reduction in 2026 to increase competitiveness – Vienna Airport continues
to be the most punctual Lufthansa flight hub”
“With an increase of 4.7% to 19.6 million passengers, Flughafen Wien Group
delivered a strong first half of 2025. Passenger traffic at Vienna Airport rose
by 2.4%. Particularly encouraging were the double-digit growth rates at our
subsidiaries, Malta Airport recorded +11.7% and Kosice +19.0% during the same
period. July, however, was somewhat weaker at Vienna Airport, with passenger
traffic down -1.2% year-on-year, mainly due to geopolitical crises in Israel and
Iran, which disrupted air travel in the Middle East. Nevertheless, we remain
optimistic, targeting a record annual figure of around 42 million passengers for
the Flughafen Wien Group and about 32 million at Vienna Airport. With the expiry
of the COVID-19 special regulation, airport charges will again be calculated
based on the statutory formula as of January 1, 2026. This is expected to result
in a reduction of the passenger tariff by around 4.6% and landing fees by about
2.15%. This will strengthen Vienna’s competitiveness as a destination.
Operationally, we are also on track: In this strong summer travel season, Vienna
Airport has once again been the most punctual hub of the Lufthansa Group and one
of the most punctual airports in Europe,” says Julian Jäger, Joint CEO and COO
of Vienna Airport.
January to June 2025: 19.6 million passengers at Vienna Airport
In the first half-year 2025, total passenger volume increased in the Flughafen
Wien Group (Vienna Airport and the international strategic investments in Malta
Airport and Kosice Airport) compared to the first half of 2024. Passenger
traffic in the Group climbed 4.7% year-on-year to 19,598,242 travellers. Vienna
Airport registered a rise in the number of passengers it handled to 14,736,470
(+2.4%). The number of flight movements (take-offs and landings) increased to
112,956 (+3.0%) in the period January to June 2025. The average seat load factor
in the first six months of the year equalled 77.6%, comprising a decline of
0.8%p from the prior-year period. Cargo volume (air cargo and trucking) showed a
strong increase, rising to 154,001 tonnes (+9.1%). Malta Airport reported a
significant increase in passenger traffic to 4,541,113 travellers (+11.7%) in
H1/2025. Kosice Airport handled a total of 320,659 passengers, up 19.0% from the
prior-year period.
H1/2025: Revenue increase to € 524.4 million (+7.4%) and improvement in the net
profit for the period to € 115.1 million (+6.2%)
In H1/2025, the Flughafen Wien Group generated revenue of € 524.4 million,
comprising a year-on-year increase of 7.4% from the previous level of € 488.4
million in the first half of 2024. EBITDA rose to
€ 211.7 million compared to the prior-year level (H1/2024: € 204.9 million),
whereas EBIT climbed to
€ 146.1 million (H1/2024: € 138.7 million). The Group net profit before
non-controlling interests was up to € 115.1 million in H1/2025 (H1/2024: € 108.4
million). This considerable earnings improvement can be attributed to the good
operational performance and a clearly positive financial result related to the
complete elimination of debt and higher interest income. The cash flow from
operating activities fell to € 157.1 million (H1/2024: € 178.3 million) due to
higher income tax payments.
Revenue and earnings development of all segments
H1/2025 revenue of the Airport Segment climbed from the prior-year period to €
245.1 million, whereas segment EBIT improved to € 62.5 million. The Handling and
Security Services Segment registered a revenue increase to € 95.8 million
compared to H1/2024, featuring a positive segment EBIT of € 0.5 million. This
segment also includes the security services of VIAS as well as the handling
services provided by Vienna Aircraft Handling (VAH) and Vienna Passenger
Handling Services (VPHS). The Retail & Properties Segment reported a rise in
revenue in H1/2025 to € 101.5 million. EBIT of this segment rose year-on-year to
€ 44.3 million. Revenue of the Malta Segment in the first half of 2025 was up to
€ 71.9 million compared to the prior-year period and segment EBIT equalled €
36.8 million.
Capital expenditure
A total of € 140.2 million was invested in intangible assets and property, plant
and equipment as well as investment property or advance payments in the first
six months of 2025 (H1/2024: € 83.1 million). The largest investment project at
Vienna Airport entailed expenditures of € 67.1 million for the Terminal 3
Southern Expansion project. A total of € 34.4 million was invested at Malta
Airport in the first half-year 2025.
Forecast for passenger development in 2025: about 42 million passengers expected
in the Flughafen Wien Group and approx. 32 million at Vienna Airport
The passenger outlook remains unchanged. About 32 million travellers are
expected at Vienna Airport in the entire year 2025, whereas passenger traffic in
the Flughafen Wien Group (including the international strategic investments in
Malta Airport and Kosice Airport) will likely equal approx. 42 million
travellers.
Financial guidance for 2025
The Flughafen Wien Group confirms its earlier forecast and continues to expect
total revenue to equal roughly € 1.080 million by the end of the year, as well
as EBITDA amounting to approx. € 440 million and a Group net profit for the year
before non-controlling interests of about € 230 million. Total investments of
approx. € 300 million are anticipated in the year 2025. The current passenger
and financial guidance assume that there will not be any further adverse
geopolitical effects or massive restrictions on flight traffic.
Traffic development in July 2025: Slight decline at Vienna Airport, strong
growth at Malta Airport
Flughafen Wien Group: 4.5 million passengers in July 2025
In July 2025, the Flughafen Wien Group (Vienna Airport, Malta Airport and Kosice
Airport) reported a rise in passenger traffic to 4,451,623 travellers (+1.0% vs.
July 2024).
Vienna Airport: 3.3 million passengers in July 2025
Passenger volume at Vienna Airport in the month of July 2025 totalled 3,283,706
passengers (-1.2% vs. July 2024). The slight decline in passenger traffic is
mainly due to the conflicts in Israel and Iran as well as the related effects on
flight traffic in the Middle East.
Traffic results in detail
The number of local passengers at Vienna Airport in July 2025 amounted to
2,535,697 travellers (+0.0%), whereas transfer passenger traffic fell by 7.0% to
723,314. The number of flight movements in July 2025 rose slightly by 0.5% to
22,933. Cargo volume at Vienna Airport totalled 28,095 tonnes, comprising an
increase of 9.5% from the prior-year level.
The total number of passengers at Vienna Airport flying to destinations in
Western Europe in July 2025 equalled 1,116,705 travellers (-1.2% from July
2024), whereas Eastern European traffic in July 2025 rose to 319,339 passengers
(+2.5%). Passenger traffic to North America totalled 56,846 travellers (-5.7%),
and the number of passengers flying to Africa was down to 33,649 (-3.8%).
Passenger volume to the Middle East totalled 68,851 travellers in July 2025
(-26.8%), and the number of passengers flying to Far Eastern destinations
climbed to 64,927 (+14.7%).
The strategic investments of the Flughafen Wien Group continued to develop very
well. Malta Airport recorded a substantial year-on-year rise in passenger volume
to 1,035,341 travellers (+8.8%) in the month of July 2025. Passenger traffic at
Kosice Airport increased to 132,576 passengers in July 2025, comprising a rise
of 1.3% from the prior-year level.
Cumulative passenger traffic in the period January to July 2025: +1.7% at Vienna
Airport and +4.0% in the Flughafen Wien Group
Total passenger traffic at Vienna Airport in the period January to July 2025
rose 1.7% from the previous year to a cumulative figure of 18,020,176
travellers. Cargo volume was up 9.2% to 182,095 tonnes in the months January to
July 2025. The entire Flughafen Wien Group (Vienna Airport, Malta Airport and
Kosice Airport) reported a 4.0% rise in passenger volume to 24,049,865
travellers during this period.
Details on traffic results can be found in the table below.
Traffic development July 2025
Vienna Airport (VIE)
07/2025 Diff.% 2024 01-07/2025 Diff.% 2024
Passengers arr+dep+transit 3,283,706 -1.2 18,020,176 +1.7
Local passengers arr+dep 2,535,697 +0.0 14,222,166 +2.9
Transfer passengers arr+dep 723,314 -7.0 3,648,438 -4.8
Flight movements arr+dep 22,933 +0.5 135,889 +2.5
Cargo arr+dep (in tonnes) 28,095 +9.5 182,095 +9.2
MTOW (in to) 982,969 +0.6 5,897,076 +3.9
Malta Airport (MLA, fully consolidated)
07/2025 Diff.% 2024 01-07/2025 Diff.%
Passengers arr+dep+transit 1,035,341 +8.8 5,576,454 +11.1
Local passengers arr+dep 1,033,701 +8.7 5,570,015 +11.2
Transfer passengers arr+dep 1,638 +71.0 6,284 -16.4
Flight movements arr+dep 6,375 +5.3 36,811 +11.0
Cargo arr+dep (in tonnes) 2,341 +18.4 15,276 +23.7
MTOW (in tonnes) 249,379 +8.2 1,432,143 +11.4
Kosice Airport (KSC, consolidated at equity)
07/2025 Diff.% 2024 01-07/2025 Diff.% 2024
Passengers arr+dep+transit 132,576 +1.3 453,235 +13.2
Local passengers arr+dep 132,576 +1.3 453,235 +13.2
Transfer passengers arr+dep 0 n.a. 0 n.a.
Flight movements arr+dep 898 +0.4 3,495 +11.2
Cargo arr+dep (in tonnes) 0 -73.1 2 +50.1
MTOW (in tonnes) 31,312 +6.3 113,934 +19.2
Vienna Airport and strategic investments (VIE, MLA, KSC)
07/2025 Diff.% 2024 01-07/2025 Diff.% 2024
Passengers arr+dep+transit 4,451,623 +1.0 24,049,865 +4.0
Local passengers arr+dep 3,701,974 +2.3 20,245,416 +5.3
Transfer passengers arr+dep 724,952 -6.9 3,654,722 -4.8
Flight movements arr+dep 30,206 +1.4 176,195 +4.4
Cargo arr+dep (in tonnes) 30,436 +10.2 197,374 +10.2
MTOW (in tonnes) 1,263,660 +2.2 7,443,153 +5.4
Note: Total number of passengers includes local, transfer and transit
passengers,
Traffic data adjusted.
Consolidated Income Statement
in € million H1/2025 H1/2024
Revenue 524.4 488.4
Other operating income 7.3 7.2
Operating income 531.7 495.6
Expenses for consumables and purchased services -28.2 -26.9
Personnel expenses -205.4 -189.6
Other operating expenses -86.5 -74.6
Reversals of impairment/impairment on receivables 0.0 0.2
Pro rata results of companies recorded at equity 0.1 0.1
Earnings before interest, taxes, depreciation and amortisation
(EBITDA) 211.7 204.9
Depreciation and amortisation -65.5 -66.2
Earnings before interest and taxes (EBIT) 146.1 138.7
Income from investments, excluding companies recorded at equity 0.9 0.8
Interest income 7.9 7.8
Interes expense -1.2 -1.3
Other financial result 1.7 1.3
Financial result 9.3 8.5
Earnings before taxes (EBT) 155.4 147.2
Income taxes -40.3 -38.8
Net profit for the period 115.1 108.4
Thereof attributable to:
Equity holders of the parent 102.8 97.3
Non-controlling interests 12.4 11.1
Earnings per share
(in €, basic = diluted) 1.23 1.16
Balance Sheet Indicators
in € million 30.06.2025 31.12.2024
ASSETS:
Non-current assets 1,793.0 1,717.7
Current assets 584.5 682.7
EQUITY & LIABILITIES:
Equity 1,634.6 1,667.2
Non-current liabilities 322.6 320.2
Current liabilities 420.4 413.0
Total assets 2,377.6 2,400.4
Net liquidity 398.4 511.6
Cash Flow Statement
in € million H1/2025 H1/2024
Net cash flow from operating activities 157.1 178.3
Investing activities -9.7 -74.1
Financing activities -147.3 -118.9
Free cash flow 147.7 104.1
CAPEX^1 140.2 83.1
1. Excluding financial assets
The Annual Report and Financial Report of Flughafen Wien AG for 2025 from
January 1 to June 30, will be available to the general public on the Internet at
http://viennaairport.com/en/company/investor_relations/publications_and_reports.
Vienna Airport, 19th of August 2025 The Management Board
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.
Contact: Corporate Communications of 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
Investor Relations
Bernd Maurer
Tel.: (+43-1-) 7007-23126
E-Mail: b.maurer@viennaairport.com
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19.08.2025 CET/CEST This Corporate News was distributed by EQS Group.
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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: 2185426
End of News EQS News Service
2185426 19.08.2025 CET/CEST
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