9 May 2014
Fraport AG posted positive financial results in the first quarter of 2014, thanks primarily to traffic growth across the Group´s airports.
Group revenue saw underlying growth of EUR5.4m or 1.1 percent, rising to EUR517.3m. Group EBITDA (earnings before interest, tax, depreciation and amortization) jumped by EUR13m or 10.7 percent to EUR134.5m, while the Group result advanced by EUR1.5m to EUR6m year-on-year.
At Frankfurt Airport (FRA), Fraport AG´s home base, passenger numbers increased by two percent in the first three months of 2014, while aircraft movements (takeoffs and landings) climbed by 1.1 percent – despite a large number of strike-related flight cancellations. FRA also recorded higher tonnage for cargo and accumulated maximum takeoff weights (MTOWs), increasing by 4.5 percent and 2.1 percent respectively. Relatively mild winter weather at FRA was one of the factors behind the overall positive performance. Across the Group, passenger figures also continued to grow at the airports of Lima (LIM) in Peru, Antalya (AYT) in Turkey, St. Petersburg (LED) in Russia, and Xi´an (XIY) in China.
The Fraport Group Interim Report (January 1 to March 31, 2014) is available for viewing and downloading via the following link: http://www.fraport.com/content/fraport/en/investor-relations.html
Traffic growth fuels positive financials for Fraport Group
9 May 2014