EANS-Adhoc: Flughafen Wien AG / Coronavirus travel restrictions in conjunction with a massive reduction of flights at Vienna Airport have a strong negative effect on revenue and net profit of 2020 EAE

Thursday, 12. March 2020 14:42
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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
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Disclosure of inside information pursuant to Article 17 Market Abuse Regulation
(MAR)

Earnings Forecast/Insider (ad hoc) press release/profit warning
12.03.2020

Vienna Airport - Ad hoc press release / Flughafen Wien AG profit warning:

Coronavirus travel restrictions in conjunction with a massive reduction of
flights at Vienna Airport have a strong negative effect on revenue and net
profit of the financial year

Previous guidance can definitely not be reached, new forecast currently not
possible due to uncertainty of future development

Emergency measures to safeguard operations and to cut costs are implemented

Vienna, Austria, 12 March 2020 - As a result of the current Coronavirus crisis
and the ensuing massive restrictions of air traffic the Board of Flughafen Wien
AG declares the following:

In light of the massive reduction of flights at Vienna Airport by operating
airlines, revenue and net profit forecasts of Flughafen Wien AG for the
financial year 2020 can no longer be reached. A new forecast is currently not
possible due to uncertainty of the development in the next months.

Emergency measures to safeguard operations and to cut costs are implemented.
These include the preparation of reduced working hours and further measures to
cut costs sustainably.

Information published by:
Flughafen Wien Aktiengesellschaft
1300 Vienna Airport, Vienna
Austria

Further inquiry note:
Contact: Corporate Communications Flughafen Wien AG

Press Office
Peter Kleemann, Company Spokesman
Tel.: (+43-1-) 7007-23000
E-Mail: p.kleemann@viennaairport.com
Website: www.viennaairport.com

Investor Relations
Christian Schmidt
Tel.: (+43-1-) 7007-23126
E-mail: christian.schmidt@viennaairport.com

end of announcement                         euro adhoc
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issuer:       Flughafen Wien AG
              Postfach  1
              A-1300 Wien-Flughafen
phone:        +43 1 7007 - 23126
FAX:          +43 1 7007 - 23806
mail:         investor-relations@viennaairport.com
WWW:          http://viennaairport.com/unternehmen/investor_relations
ISIN:         AT00000VIE62
indexes:      
stockmarkets: Wien
language:     English

EAX0012    2020-03-12/14:42

Related Links: Flughafen Wien AG
Author:
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