Flughafen Wien AG Reports Strong FY'24 Results, Recommends Hold

NuWays AG has classified Flughafen Wien AG with a "Hold" recommendation and a target price of EUR 60.00. The company recently exceeded the billion-euro revenue mark with €1.05 billion, representing a 13% year-over-year growth. Key drivers included a 15% increase in the Airport segment and strong results from the Malta segment with a 21% sales increase.

EBITDA surpassed expectations, reaching €442 million with a 42% margin. Although net income increased by 27% year-over-year to €240 million, Flughafen Wien AG proposed a 25% dividend increase, offering a 3.1% yield. The company's net cash position was notably strong at €512 million, exceeding estimates.

Looking ahead, the 2025 travel season is projected to be robust. The company's future performance looks positive, but NuWays AG maintains a Hold recommendation due to current valuations.