Flughafen Wien AG: Strong Q1 Results and Future Prospects

Flughafen Wien AG reported a solid performance for the first quarter, with both sales and EBIT slightly surpassing market expectations. Sales increased by 6.1% year-over-year to €240 million, while EBIT rose by 11.6% to €54.4 million. These gains were driven by a 5.3% increase in group passengers and strong performance in non-aviation sectors like hospitality and advertising.

Malta emerged as a key growth driver, with passenger numbers soaring by 15.4% due to new routes and higher frequencies. However, April recorded an 8.2% decline in passengers in Vienna, largely due to capacity cuts and regional disruptions.

Despite these challenges, the future looks promising. Proximity to fuel refineries and encouraging jet fuel commentary from airlines have mitigated supply concerns. Flughafen Wien's strategic position and forthcoming Terminal 3 South expansion highlight its long-term potential. NuWays AG maintains a BUY recommendation, setting a target price of €57.