Austria · Delayed Price · Currency is EUR Flughafen Wien Aktiengesellschaft Earnings Call Transcripts
Fiscal Year 2026
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Record results in 2025 are followed by a cautious 2026 outlook, with Vienna Airport guiding for around 30 million passengers and stable net income of €210 million. Cost optimization and strategic investments will offset low-cost carrier reductions, while regulatory and tax challenges persist.
Fiscal Year 2025
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Revenue rose 7.2% year-over-year, but net income fell to EUR 210 million due to a one-off asset write-off. 2026 guidance anticipates stable net income, robust CapEx, and continued dividend stability, with growth in Malta and Košice offsetting declines in Vienna.
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Revenue, EBITDA, and net profit all grew in the first three quarters of 2025, driven by strong passenger and cargo growth, especially in Malta and Vienna. Cost pressures and the withdrawal of low-cost carriers will challenge 2026, but efficiency programs and investments are underway.
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Revenue and net profit grew in H1 2025, but EBITDA margin declined due to rising costs. Passenger numbers increased, with Malta and retail segments outperforming, while regulatory and competitive pressures pose risks for 2026. Terminal expansion and major CapEx projects remain on track.
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Q1 2025 delivered higher revenue and net profit, driven by strong passenger growth in Malta and Košice, while Vienna saw moderate gains. Guidance for 2025 is reaffirmed, with cost management flagged as a challenge amid rising personnel and operating expenses.
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Passenger and cargo volumes set new records, with strong growth in subsidiaries and high seat load factors. 2025 guidance anticipates flat or modest growth amid economic and geopolitical caution, with major investments planned and a continued focus on quality and innovation.
Fiscal Year 2024
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Revenue and profit reached record highs in 2024, with strong contributions from Malta and robust growth across all segments. CAPEX and dividend were both increased, with guidance for 2025 seen as conservative amid ongoing regulatory and geopolitical risks.
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Revenue and net profit rose 13% and 19.4% year-over-year, with strong results in Vienna and Malta. Full-year revenue is expected to exceed EUR 1 billion, but growth will likely slow in 2025 due to economic and geopolitical headwinds.
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Revenue and profit surged in H1 2024, driven by strong passenger and cargo growth, improved margins, and record free cash flow. Full-year guidance was raised, with over 30 million passengers expected, though risks remain from geopolitical tensions and regulatory changes.