Flughafen Wien AG (0RHU) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

The main results and we had a moderate revenue and earnings increase in Q1 26. Revenue up 6.1%, EBITDA up 8.2% and group net profit up 5.3%. We saw overall positive traffic development in the group with 5.3% plus, especially resulting in strong growth in Malta and Kosice. In Vienna it was 1.6% including Air India transit passengers in the refueling stops. We saw a positive non-mediation performance, higher de-icing revenues and no winter incentive compared to 2025, which positively contributed to our results. We successfully implemented and are still in the process of implementation of our cost saving and efficiency measures. And I hope we can realize all the plans throughout the year. Clearly, The Middle East conflict is increasing uncertainty for the coming month and hopefully these negative effects will stop very soon. What might be of more importance mid-term at least are the effects of higher fuel costs. which might result in some airline capacity adjustments and also higher ticket prices by many of the carriers to offset these additional costs. Despite all that uncertainty we can confirm our passenger and financial outlook for 2026 so far and I hope that the rest of the year will not prove us wrong. If you move on you see that Our financial results are positive, although reduced by half due to the fact that interest rates came down on the one hand and On the other hand, we are spending cash, so the overall amount is also slightly melting down. The termination of the winter incentive last year had a positive effect. For this first quarter and overall development was also supported by higher de-icing revenues as we had a very harsh winter in January and February. If we move on. You see a slight margin improvement and overall good cost discipline. Personal costs s...