Flughafen Wien AG Expected to Report Record Earnings, Says NuWays AG

NuWays AG, in its latest research report dated May 14, 2024, maintains a "Hold" recommendation on Flughafen Wien AG (FWAG) with a target price of EUR 58.00. The report forecasts that FWAG will announce unprecedented high earnings in its Q1 results set for release on May 16th, attributing the growth to increased airport charges and passenger numbers. Specifically, Q1 sales are projected to rise by 17% year-over-year to €212 million, with EBITDA expected at €79 million, up 18% year-over-year.

The analysis indicates notable growth in EBIT, and net income figures, with EBIT forecasted to increase by 29% year-over-year to €45 million. This growth is driven by effective cost management and the absence of debt repayments, enhancing FWAG's financial footing. Additionally, with travel activity high, expectations for a busy summer are set to further boost FWAG's financial performance in upcoming quarters.

Despite these positive prospects, NuWays AG cites only a 16% potential increase in FWAG's share price to the target price, reinforcing its hold recommendation. The firm anticipates continued dividend growth benefiting existing investors.