Vienna Airport Plans Cost Reductions Despite Higher Profit

Vienna Airport increased its revenue by 4.2% to 215.7 million euros, with sales rising by 6.7% to 845.5 million euros. The increased costs, particularly the higher personnel expenses, affected the company's profitability. EBITDA, or operating profit before depreciation, increased by 2.4% to 377.1 million euros, while the EBITDA margin decreased from 46.5% to 44.6%. EBIT, or operating profit, rose by 3.8% to 278.8 million euros.

Solid Passenger Growth Supports Vienna Airport

However, the results were supported by solid passenger growth, according to the company. From January to September, the Vienna Airport Group (including Kosice and Malta) handled around 32.9 million passengers, an increase of 4.0%. For the entire year, the airport expects around 42 million passengers, of which around 32 million will be at the Vienna location - assuming there are no further geopolitical exceptions or major traffic restrictions.

By the end of the year, revenue of around 1.08 billion euros and EBITDA of around 440 million euros are expected. The period result (before minorities) is targeted at around 230 million euros. Investments for 2025 are expected to be around 300 million euros. In the first three quarters, 199.5 million euros were invested in intangible assets, property, plant, and equipment, as well as in investment properties or paid as a deposit. The largest project currently concerns the southern expansion in Vienna with 95.6 million euros. 42.2 million euros were invested in the Malta location.

(APA/Red)

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