Flughafen Wien AG (0RHU) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. So welcome again, everybody, for the conference call regarding our full year 2024 numbers. With me now, CFO Mr. Ofner, guiding you through the results, and also COO Mr. Jaeger, giving more insights on recent traffic developments, the traffic outlook, and the developments in our business results. And I hand over to you, Mr. Ofner. Yeah, good afternoon. And many thanks for your interest. We today published full year 24 results. And as you can follow on our slide, revenue went up to 1,052,000,000 plus 13%. EBDA at 442 plus 12.4%. And group net profit at 239 million plus 27%. And 46 million thereof comes from Malta International Airport. What underlines the importance of our subsidy in Malta International Airport for our business results. The good results enable us to do both, to increase our dividend to 1.65 per share plus 32 compared to last year, but also to expand our investments here on the Vienna airport. and therefore our CAPEX will go up from 200 million last year to roughly 300 million this year. We can do this CAPEX without borrowing, so we will finance it out of our own funds, and we foresee that we will see substantial investments also in the years to come, but on a pace that is not jeopardizing our results. If you look further down, one of the reasons for the positive result in 2024 is that our financial result converted into 15.5 million plus from minus 4 million in 2023. And the reason is that we repaid, as you remember, the EIB loan end of 2023. So in general, 2024 lays the basis, as you see in the following chart, for further growth and we see that aviation remains a growth factor and we will see growth also in the coming years. The chart also shows that we recovered fully from COVID times and are now given our results and EBITDA, even st...