EANS-Adhoc: Flughafen Wien AG FWAG responds to crisis with extensive savings & liquidity protection programme; AGM 2020 is rescheduled, proposal f. distribution of profits no longer provides f. dividend payment
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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)
Dividend Announcements/Distribution/Annual & Special Corporate Meetings/Insider
(ad hoc) press release
17.04.2020
Vienna Airport - Ad hoc press release / Flughafen Wien AG:
Flughafen Wien AG responds to COVID-19 crisis with an extensive savings and
liquidity protection programme
The company reschedules the annual general meeting 2020 to 4 September 2020, the
proposal for distribution of profits no longer provides for a dividend payment
for the financial year 2019
Vienna, Austria, 17 April 2020 - Flughafen Wien AG responds to the ongoing
COVID-19 crisis, that has led to a reduction of passenger volume of 98%, with an
extensive savings and liquidity protection programme. The savings programme
comprises a volume of over EUR 220m which corresponds to more than 25% of
planned revenue for 2020. In addition, staff is in reduced working hours. Usage
of state aid packages, the provision of sufficient credit lines and the
successful implementation of saving measures guarantee the liquidity of the
company, even if the crisis prevails until the end of the year. Planned
investments for 2020 will be reduced to a figure below EUR 100m. Office Park 4
and Terminal 2 will be completed, all other substantial construction projects,
such as the southern extension and the refurbishment of Pier East, will be
delayed. A new schedule will not be available before the end of 2020. The annual
general meeting for the financial year 2019 will be rescheduled to 4 September
2020. Like at other listed European Airports, the proposal for the distribution
of profits of Flughafen Wien AG will call for the profit to be carried forward
and will no longer provide for a dividend payment for the financial year 2019.
This measure also safeguards the access to further state aid if needed. The
corresponding convening of the annual general meeting and the publication of all
relevant documents will be carried out subject to all legal deadlines before the
new date. The adjusted financial calender will be published at
https://www.viennaairport.com/en/company/investor_relations [https://
www.viennaairport.com/en/company/investor_relations] .
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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