EANS-Adhoc: Flughafen Wien AG / Insider (Ad-Hoc) Information of Flughafen Wien AG: Financial Market Authority Ruling on the Consolidation of Stake Held by Flughafen Wien AG in Malta International Air

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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 solely responsible for the content of this announcement.
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Financial Figures/Balance Sheet/Accounting and Audits/FMA Ruling
30.12.2016

Due to the ruling made by the Financial Market Authority (FMA),
against which Flughafen Wien AG (FWAG) is considering legal action,
the stake held by FWAG in Malta International Airport and Malta
Mediterranean Link Consortium Limited (MMLC) should have already been
fully consolidated at an earlier point in time, namely back in 2006.
In contrast, this shareholding was consolidated at equity in the
consolidated financial statements of FWAG up until March 30, 2016.
According to the FMA, this means, amongst other consequences, that
the preliminary upward revaluation totalling EUR 51.8 million
regarding the shares already held before the additional acquisition
of shares from SNC-Lavalin Group Inc. as at the first quarter of 2016
should not have been recognised in profit or loss in the quarterly
results of 2016. The FMA contends that the acquisition of additional
shares in MMLC as at March 30, 2016 comprises a transaction with
non-controlling shareholders which is to be recognised directly in
equity and not in profit or loss. For the time being, the current
assessment of any additional effects of the transaction could result
in a slight improvement of revenue reported by FWAG in 2016 as well
as the net profit for the period adjusted for the revaluation effect.
On the basis of the adjustment, a revenue increase and improvement of
the Group results (before non-controlling interests) is also to be
assumed for 2015. The detailed effects on previous consolidated
financial statements and the consolidated financial statements for
2016 of FWAG will be evident once the consolidated financial
statements of FWAG for the 2016 financial year are presented.

Further inquiry note:
Flughafen Wien AG
Investor Relations
+43 1 7007-22826
investor-relations@viennaairport.com

end of announcement euro adhoc
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issuer: Flughafen Wien AG
Postfach 1
A-1300 Wien-Flughafen
phone: +43 1 7007 - 22826
FAX: +43 1 7007 - 23806
mail: investor-relations@viennaairport.com
WWW: http://viennaairport.com/unternehmen/investor_relations
sector: Transport
ISIN: AT00000VIE62
indexes: ATX Prime
stockmarkets: official market: Wien
language: English

Original-Content von: Flughafen Wien AG, übermittelt durch news aktuell