Flughafen Wien AG - Flughafen Wien AG

Flughafen Wien AG

Logo
legal form Aktiengesellschaft
RAY AT00000VIE62
founding December 11, 1953
(Flughafen Wien Betriebsgesellschaft mbH)
April 29, 1992
(conversion to Flughafen Wien AG)
Seat Schwechat, OsterreichAustria Austria
management Julian Jäger, Günther Ofner
Number of employees 5,385 (2019, annual average in the Flughafen Wien Group)
sales 857.6 million Euros (2019) [1]
Branch Airport operator
Website www.viennaairport.com

The Flughafen Wien AG , based in Schwechat ( Lower Austria ) is the publicly traded operator of Vienna International Airport .

General

The Vienna Airport Operating Company was founded on December 11, 1953 and took over administration and handling on January 1, 1954. Until 1992, the shareholders of today's Flughafen Wien AG were the Republic of Austria (50%) and the states of Lower Austria and Vienna (25% each). On April 29, 1992, the company , which had previously been run as a GmbH , was converted into Flughafen Wien AG (FWAG) and partially privatized. [2]The Republic of Austria withdrew as a partner, the states of Lower Austria and Vienna remained shareholders with 20% each. The 10% shareholder is a foundation owned by the airport employees. Through this, the employees participate in the company's dividend income. The distribution is based on the annual gross basic salary. [3] With is 39.80% of the Australian pension fund IFM the largest single shareholder at the airport. However, the two federal states have bundled their shares in a syndicate and thus jointly control the largest part. The remaining 10.20% of the shares are in free float. The airport share was first traded on June 15, 1992 on the Vienna Stock Exchange. [4]

From March 2014 to March 2016, and from March 2017 to September 2017, Flughafen Wien AG was listed in the ATX leading index. [5] [6] [7] [8]

As a developer, installer and full operator, Flughafen Wien AG manages the company, operational airport operations, ground handling services, security services and commercial activities. The Flughafen Wien Group has divided its business activities into five segments: Airport (e.g. airport operations), Handling (e.g. aircraft handling ), Retail & Properties (e.g. shops and real estate), Malta (stake in Malta Airport) and other (e.g. the building services and the visitor center). [9]

Key figures

Company headquarters in Office Park 1 at the airport

The turnover of Flughafen Wien AG is shown in a table, with 370.8 million (+ 3.2%) from flight operations itself, 158.4 million (+4.7%) from handling, 123.9 million in 2016. (−3.4%) are allocated to the Retail & Properties segment , 73.1 million (+9.1%) to the Malta segment and 15.4 million (+6.3%) to the Other segment . [10]

year sales Profit Change in sales compared to the previous year
2005[11] 410.0 0 million €
2006[11] € 463.89 million 77.55 Mio. € +13,1 %
2007[11] € 521.42 million € 87.45 million +12,4 %
2008[11] 548.06 million € 91.14 million € +05,1 %
2009[11] € 501.69 million 73.35 Mio. € 08,5 %
2010[11] 533.83 Mio. € 75.69 Mio. € +06,4 %
2011[12] 582.0 million € +09,0 %
2012[13] 607.4 million € +04,4 %
2013[14] 622.0 million € +02,4 %
2014[15] 630.2 million € +01,3 %
2015 654.4 million € +03,8 %
2016 741.6 million € +03,0 %
2018[1] 799.7 million € +06,2 %
2019 857.6 million € + 7,2 %

Diversification

The Flughafen Wien AG also holds stakes in the following international airports: [16]

The acquisition of shares in other airports is not planned.

Recent history

Major problems with the construction of the Terminal 3 extension ( Skylink ) led in June 2009 to the request of the Court of Auditors to examine Flughafen Wien AG. The states of Lower Austria and Vienna own 40% of the shares; the audit office is responsible if the public sector owns more than 50% of the company or plays a decisive role in the company.

The Court of Auditors assumed this decisive role for the two federal states in Flughafen Wien AG. He referred to the syndicate agreement between Vienna and Lower Austria, which obliges the two federal states to jointly and uniformly vote at the AG's general meeting. This is intended to ensure that members of the AG's board of directors have the trust of these two public-sector shareholders. The Court of Auditors also pointed out that the two federal states regularly have a majority in the general meetings of Flughafen Wien AG due to the absence of many other shareholders.

Was the Court cited indicator of the strong public influence, Flughafen Wien AG, among other things, that the "exchange" of the ÖVP attributed Executive Director Christian Domany (a former Secretary General of the Chamber of Commerce Austria ) against the until then, the Government of Lower Austria belonging to Ernest Gabmann per 1 March 2009 [17] was announced by Governor Erwin Pröll on February 18 , before the airport's supervisory board was referred to the matter on February 20, 2009. (Domany formally left the company on September 30, 2009.)

Further indications (not mentioned by the Court of Auditors) for the decisive role of the public sector in the AG were that board spokesman Herbert Kaufmann had previously been a member of the SPÖ National Council and board member Gerhard Schmid had previously been assistant to the mayor of Vienna, Helmut Zilk . To compensate for the fact that two out of three board members were Vienna and thus the SPÖ, the chairman of the supervisory board had the confidence of Lower Austria and thus the ÖVP: Johannes Coreth was appointed by the Viennese lawyer Christoph Herbst in August 2009 at the suggestion of Lower Austriareplaced. In the opinion of Lower Austria and Vienna, Coreth has apparently countered the complications in the construction of the terminal extension with too little activity and control.

The Court of Auditors announced on July 10, 2009 that the audit contract would be completed soon. In July 2009, the three parliamentary opposition parties approved the audit by the Court of Auditors as a condition for their expected approval of a federal constitutional law on banking secrecy for non-Austrian residents, which must be enacted by September 2009 in order to avoid G20 sanctions Countries or the OECD . According to media reports on July 21, 2009, Flughafen Wien AG refused to be examined by the Court of Auditors in accordance with a resolution of the Supervisory Board; the employee foundation also rejected this examination as a shareholder. The Court of Auditors announced the Constitutional Courtto be used if the AG maintains this point of view. However, the Supervisory Board decided on a special audit under stock corporation law.

According to the ORF website of July 10, 2009, the Korneuburg public prosecutor's office also dealt with the matter. An anonymous reporter accused the board members Kaufmann and Schmid and the resigned supervisory board chairman Coreth of embezzlement within the meaning of the StGB .

In the last week of August 2009, it became known that representatives of the federal government, the Greens and the BZÖ had agreed to allow the Court of Auditors to audit companies that are actually controlled by the public sector, even if the public sector does not formally hold the majority of the shares. The legislative implementation of the political agreement took place from October 2009.

After a meeting of the Supervisory Board on December 15, 2010, it was announced that the term of office of the three members of the Board of Management will be terminated prematurely: The Chairman of the Board of Management Herbert Kaufmann resigned from his position on December 31, 2010 following a mutually agreed solution with him. In his place, the previous chairman of the supervisory board, Christoph Herbst, became operational on an interim basis - for a maximum of one year. The management board mandates of Ernest Gabmann and Gerhard Schmid ended on December 31, 2011. The three management board positions were advertised in the course of 2011.

Julian Jäger and Günther Ofner have formed the new management team since September 2011. Their contracts would have expired on September 4, 2016; however, on June 23, 2015, they were unanimously reappointed by the Supervisory Board. Their term of office therefore ends in September 2021. [18] [19]

According to media reports from November 5, 2014, the investigations against the then CEO Herbert Kaufmann (from 1999 to 2010), ex-CFO Christian Domany and his successor Ernest Gabmann, as well as against the technical director Gerhard Schmid have been completely stopped. This judgment was also confirmed by the Korneuburg public prosecutor. The accusation that the former managers had incorrectly or veiled the circumstances of the company could not be substantiated. Criminal trials for 25 more employees of construction companies and construction management suspected of fraud and breach of trust followed in 2015. [20] [21] However, they were also hired in May 2016; A criminally relevant behavior of the actors could therefore not be determined. [22]

At the end of July 2014, Flughafen Wien AG sold its shares in Friedrichshafen Airport in equal parts to the Bodensee district and the city of Friedrichshafen. The 25.15% stake existed since 2007, was written off in full in 2011 and has now been sold for 2.25 million euros. [23]

In mid-October 2014 it became known that the Australian pension fund IFM was interested in a minority stake (between 20% and 29.9%) in Vienna Airport. On November 7, 2014, a public offer was made to the shareholders of FWAG. The offer of 80 euros per share was improved on December 1 to 82 euros and was accepted by interested parties until December 18 of the same year. On December 19, 2014, IFM was finally announced as a new major shareholder.

At that time , the fund acquired a total of 6,279,000 shares through its subsidiary Airports Group Europe and has held 29.9% of the share capital since then. The aim was a long-term commitment at Vienna Airport. IFM did not want to influence the strategy of the aviation hub or the day-to-day business. [24] [25] [26]

On March 14, 2016, it was announced that the Australian fund wanted to increase its shares by a further 10%. The definitive offer to purchase up to 2.1 million additional shares was valid from April 1 to April 28, 2016. The offer price was EUR 100 per share. [27] 1,734,414 shares were finally submitted, which corresponded to 8.26% of the share capital. Airports Group Europe S.à rl has held 38.16 percent of the shares since April 29, 2016, and according to information from January 2018, it now holds 39.80% of the shares. [28]

In March 2016, Flughafen Wien AG announced that it had increased its stake in Malta Airport by a further 15.5%. [29] Since March 30, 2016, the results from Malta have therefore been fully consolidated in the consolidated financial statements of Vienna Airport. Since then, these have appeared in the annual report as the “Malta segment”. [30]

Weblinks

Commons : Flughafen Wien AG - Collection of images, videos and audio files

Individual evidence

  1. a b Annual Report 2019. In: www.viennaairport.com. Retrieved October 5, 2020 .
  2. ^ Felix Czeike : Historical Lexicon Vienna. Volume 2: De-Gy. Kremayr & Scheriau, Vienna 1993, ISBN 3-218-00544-2 , p. 340.
  3. Nachhaltigkeitsbericht 2004 S.67
  4. 1992 - 2017: Vienna tripled the number of passengers on June 15, 2017
  5. UNIQA Insurance Group and Vienna Airport added to the ATX from March 4, 2014
  6. Vienna Airport flies out of ATX from March 4, 2016
  7. Do & Co must vacate the ATX space for Vienna Airport on March 8, 2017
  8. ATX-Rochaden: S Immo and Agrana in, Conwert and Flughafen out of September 6, 2017
  9. GB 2011 ( page no longer available , search in web archives )@1@2Vorlage:Toter Link/ir.viennaairport.com Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
  10. Another improvement in sales and earnings despite a high special depreciation of € 30.4 million due to the negative slope decision of March 1, 2017
  11. a b c d e f Business figures for the airport
  12. AR 2011 p.77 ( page no longer available , search in web archives )@1@2Vorlage:Toter Link/ir.viennaairport.com Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
  13. GB 2012 S.3
  14. GB 2013 S.4
  15. Flughafen Wien AG for the 2014 financial year from March 2, 2015
  16. Geschäftsbericht 2015, S. 25
  17. News magazine profil , Vienna, No. 28, July 6, 2009, p. 41
  18. GB 2013 S.61
  19. Vienna Airport: Ofner and Jäger contracts extended to 2021 from June 23, 2015
  20. Skylink: No trial for ex-airport board members from November 5, 2014
  21. ^ Skylink scandal: Proceedings against ex-VIE board members discontinued on November 5, 2014
  22. Skylink: All investigations closed on May 20, 2016
  23. Vienna Airport to sell stake in Friedrichshafen on July 22, 2014
  24. Vienna Airport: The (partial) takeover offer is here ( Memento of the original dated November 10, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. from November 7, 2014@1@2Vorlage:Webachiv/IABot/www.boerse-express.com
  25. ^ Vienna Airport: IFM offer approved by the takeover commission on November 7, 2014
  26. Australian Fund IFM now the largest single shareholder of Vienna Airport ( Memento of the original from December 19, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. dated December 19, 2014@1@2Vorlage:Webachiv/IABot/www.derboersianer.com
  27. Australians want to increase their stake in the airport from April 1, 2016
  28. IFM now holds 38.16 percent of Vienna Airport as of April 29, 2016
  29. Ad hoc information from Flughafen Wien AG on the increase in the stake in Malta Airport dated March 30, 2016
  30. Strong first half of 2016 brings the Flughafen Wien Group a significant improvement in earnings as of August 22, 2016