Flughafen Wien AG (OTCPK:FGWLF)
$ 56.24 0 (0%) Market Cap: 4.70 Bil Enterprise Value: 4.83 Bil PE Ratio: 22.70 PB Ratio: 3.02 GF Score: 85/100

Q1 2024 Flughafen Wien AG Earnings Call Transcript

May 16, 2024 / NTS GMT
Release Date Price: $56.24
Guenther Ofner
Flughafen Wien AG - Member of the Management Board, Chief Financial Officer

(audio in progress) today a very positive set of results all for 2024. So we saw substantial growth in passenger numbers, lower energy costs, and positive interest income, improving our financial results.

In terms of revenue, we saw 16.6% plus, and the additional revenue could also be passed through to EBITDA and net result. So EBITDA margin was even slightly above the figures of Q1 '23 and was at 37.8%.

Financial results have been positive, are aware that we have repaid our EIB loan last year. So the burden of interest is now removed, and we will see also for the full year a positive financial result.

Passenger numbers went up 13.8%, and we have to interpret all these figures against the fact that Q1 '23 still was rather weak, so we see also a positive phase effect. And we had, with February 29, one additional day that is also a part of the results.

For the full-year outlook, we have slightly improved our financial guidance. And from today's perspective, we are optimistic to see

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot