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
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 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 --------------------------------------------------------------------------------
issuer: Flughafen Wien AG
Postfach 1
A-1300 Wien-Flughafen
phone: +43 1 7007 - 23126
FAX: +43 1 7007 - 23806
mail: investor-relations@viennaairport.com
WWW: http://viennaairport.com/unternehmen/investor_relations
ISIN: AT00000VIE62
indexes:
stockmarkets: Wien
language: English
Original content of: Flughafen Wien AG, transmitted by news aktuell