Flughafen Wien AG

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 still are slightly going up, which is the result of the salary increase last year. and we now will see step by step the effects of a decline in the number of employees throughout the year. Our new collective agreement with the trade unions was signed and is valid starting 1st of May and it includes a salary rise of 2.4%, which is 1% below inflation. We saw higher maintenance expenses and additional expenditures for environmental measures for our neighbors. Overall EBDA margin and EBIT margin was slightly increased and moved in a positive direction. Looking at the cash flow, you see not dramatic changes. CAPEX is up to 85.8 million and the biggest project is the south expansion. But we already also started Office Park 4 and investments in Malta with 11%. The decline in the cash flow from operating activities is attributable to higher income tax payments, a reduction in liabilities and payments of incentives for the financial year 2025. Net liquidity remains at 407 compared to 413 year on year and it will be substantially reduced now due to the dividend payment. which will follow the approval of our dividend proposal by the annual general meeting on the 3rd of June. Despite the reductions in traffic we will see in Vienna this year We continue investing in quality and capacity, especially in our terminal projects and the total capex for 2026 will amount to roughly 330 million and will most likely continue in the following years. It will very much depend on the framework whether we see growth and we see positive expectations. So we started the planning of the different projects and the realization will then be subject to the Actual figures and expectation when we come there. So the main projects are the terminal 3 southern expansion, the remodeling of parts of terminal 3 due to this new building and following then the extension of pier north. Office Park 4 Next, which is already under construction and important projects will be the development of a new zone for settlements and an increase of the land used by our airport, but also apron electrification, grid expansion, the icing areas, Expansion of aircraft parking positions at Pier Nord and the renewal of passenger boarding bridges. In the case of Malta, the terminal is expanded due to the very, very substantial growth. The runway is modernized and also the airport apron is expanded and the Skypark 2 office building is on the way and also the car park expansion. You see a lot of projects will be on our schedule for the coming years. Our biggest project is PIRBL-3 southern expansion and it is proceeding on schedule and we hopefully will have it operational in one year from now. Also the airport city is growing fastly. We have new companies in the space sector who come and settle down on the airport. We are on the brink of developing additional cargo areas and the new hotel after some delays will now open in June. So, putting all together, we can confirm the financial guidance for 2026, which is known to you and there is no change necessary right now.

So that's from my side. I hand over to Julian. Julian, are you muted?

Julian, you are muted.