Flughafen Wien AG

Therefore, net profit went up 58.5 to 173. And after non-controlling interest, it's at 157. This is on the background of increased passenger volume by 30%, but less growing flight movements, only 21%. which shows that the stress for the infrastructure is not as big as it seems from the passenger side and as i already said good growth in incentive hospitality in parking fees and also in our income of our office buildings and other rentals. Especially positive was the development in Malta, which is now already clearly above 2019. The interest we received is growing in line with rising interest rates and on the other hand we are constantly lowering expenses for interest because we are paying back the EIB loan regularly with 25 million per year and we will repay an extra portion in these days of 50 million uh so to lower the overall outstanding depth there on the side of the expenses we see that consumables and services used went up 34 percent personal expenses went up 32.8 percent that's very substantial and clearly reflects the situation after COVID, after short work, and it is also very heavily triggered by the high inflation rates that have contributed to additional wage increases. You might wonder why you saw a reduction of personal expenses from Q2 to Q3. These are some specific effects, mainly driven by two factors. One is the increasing interest rate. which is affecting the provisions. And secondly, we had provisions for underutilization that have been consumed. And there was also more discipline by taking holidays, so the respective provisions could also be lowered.

Sorry, I was interrupted.

If you look at the other operating expenses, they went up 42%. And this is in line more or less with the growth in traffic and all the expenses that are related to that. So in total, we see a slight decrease in EBITDA margin, but still with 47.5%, it's very fine. And we see a slight improvement in EBIT margin from 34.9 to 33.6. So overall, we had a high degree of cost discipline and we mainly profited from lower energy expenses due to the fact that we had our own production and especially that we have bought high Part of our electricity needs already in 2018, so at very, very low prices. Yet. To the situation now. We had the fortunately. A very good development in our cash flow.