Overview
Austria airport operator's Q1 revenue rose 6.1% yr/yr, group net profit up 5.3%
Passenger volume grew 5.3% in the group, 1.6% at Vienna Airport
Company attributes results to robust passenger growth, higher de-icing revenue and Lufthansa strike
Outlook
Vienna Airport expects 2026 group revenue of about €1.05 bln
Company maintains 2026 passenger guidance at about 41.5 mln for group, 30 mln at Vienna
Company expects 2026 stable group net profit of about €210 mln before non-controlling interests
Result Drivers
PASSENGER GROWTH - Group passenger volume rose 5.3%, with strong increases at Malta and Kosice airports, supporting revenue and profit growth
DE-ICING REVENUE - Higher de-icing revenue from severe winter weather contributed to Q1 results
LUFTHANSA STRIKE IMPACT - Vienna Airport benefited from positive effects related to the Lufthansa strike
Company press release: ID:nEQ9Wvc1ga
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 239.60 mln
Q1 EBIT
EUR 54.40 mln
Q1 EBITDA
EUR 87.90 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the airport operators & services peer group is "buy."
Wall Street's median 12-month price target for Flughafen Wien AG is €54.65, about 12.4% above its May 20 closing price of €48.60
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 24 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)