Welcome!

News Feed Item

Fiscal Year 2013 / Fraport Successfully Meets Expectations in a Difficult Business Environment

FRANKFURT, Germany, March 7, 2014 /PRNewswire/ --

Growth in Passenger Traffic, Revenue and Operating Profit - Dividend of €1.25 to Be Recommended Again - CEO Schulte Provides Positive Outlook for 2014

Despite a difficult business environment, the Fraport Group successfully met its targets in the 2013 business year - thanks to higher-than-expected growth in passenger traffic at Frankfurt Airport and positive development of its key financial figures.  Revenue climbed by 4.9 percent to €2.56 billion, while the Group's operating profit (EBITDA - earnings before interest, tax, depreciation and amortization) rose to some €880 million, up 3.7 percent.  In line with the forecast set out at the beginning of fiscal year 2013, the Group result declined by some €16 million year-on-year to approximately €236 million.  This was due, among other things, to the non-recurrence of high one-off gains from the Group's financial asset management achieved in fiscal year 2012.

A dividend of €1.25 per share will again be recommended at the upcoming Fraport AGM (Annual General Meeting) in late May. This would represent a dividend payout ratio of about 52 percent of the Group result attributable to shareholders.

At the Fraport Group's Frankfurt Airport (FRA) home base, passenger figures rose by almost 1 percent (+0.9 percent) to more than 58 million.  Cargo traffic at FRA also developed positively, rising by 1.4 percent to almost 2.1 million metric tons. Overall, Fraport's majority-owned Group airports welcomed more than 103 million passengers in 2013 - an increase of 4.1 percent.

Commenting on the Group's business performance in 2013, Fraport AG executive board chairman Dr. Stefan Schulte said: "Despite difficult framework conditions, our company performed well during the 2013 business year.  After a difficult start with declining passenger traffic at Frankfurt Airport, the favorable summer season and positive booking numbers during the last months of the year provided the necessary momentum to obtain a positive overall result.  Our international Group airports also performed strongly again in 2013.  In this segment, we paved the way in 2013 for future organic growth by opening new terminals in St. Petersburg, Russia, as well as in Varna and Burgas on the Bulgarian Black Sea coast.  All three airports are now provided with the necessary capacity to accommodate the expected traffic growth."

In the Aviation business segment, passenger growth and higher revenue from airport charges resulted in a continuous increase in the segment's revenue to approximately €845 million, up 2.6 percent.  Segment EBITDA grew by 1.7 percent to about €205 million.

Fraport's Retail & Real Estate business segment scored a 3.6 percent increase in revenue to €469 million, with EBITDA rising by 4.6 percent to some €351 million.  The key performance indicator "net retail revenue per passenger" improved from €3.32 to €3.60.

Revenue in the Ground Handling business segment edged up by 1.1 percent to just over €656 million. The segment's EBITDA also grew by 1.1 percent, to some €38 million.

The External Activities & Services business segment continued to contribute positively to the Group's overall result - reflecting the ongoing growth trend particularly at Fraport's Group airports in Lima, Peru, and Antalya, Turkey. Revenue in this segment jumped 14.4 percent to €591 million, while the segment's EBITDA increased by 4.4 percent to some €286 million.

Confirming the company's outlook for the current year, Fraport CEO Schulte said: "The air transport industry in Europe continues to operate in a highly competitive environment, and we expect 2014 to be another challenging year also for Fraport.  Nevertheless, we are positive about the outlook for our company in the current business year.  We expect passenger figures to rise by two to three percent at our Frankfurt Airport home base and the dynamic trend to continue also at our other Group airports."

Due to a change in accounting standards effective January 1, 2014, it is no longer permitted to recognize interests in joint ventures using proportionate consolidation.  This change will particularly affect Fraport's interest in Antalya Airport.  From 2014, Antalya Airport's net profit will be recognized in the financial result within Fraport's consolidated income statement.  This will have an impact on the Group's reported financial figures for fiscal year 2014.

Based on the traffic outlook, Fraport expects Group revenue to rise to up to about €2.45 billion in 2014 - an increase compared to 2013, when a value of approximately €2.38 billion was achieved, if adjusted to the new accounting standards for comparison purposes.  The Group EBITDA is expected to reach a level between approximately €780 million and some €800 million in 2014 (adjusted value for 2013: around €733 million), while the Group EBIT is forecast to reach up to approximately €500 million (adjusted value for 2013: €439 million).

Thus, the EBITDA and EBIT outlook for 2014 exceeds the value reached in 2013 (if adjusted for comparison purposes) by around €40 million to €60 million. Revenue is forecast to rise by approximately €70 million on the adjusted 2013 value.  The Group result is not affected by the new accounting standards and is expected to see a slight increase compared to fiscal year 2013.

For Further Information, Please Contact:

Fraport AG Frankfurt Airport Services Worldwide
Robert A. Payne - International Spokesman; Head of International Press & External Activities Team, Press Office (UKM-PS), Corporate Communications, 60547 Frankfurt, Germany; Tel.: +49-69-690-78547; E-mail: [email protected]; Internet: http://www.fraport.com;  

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTred processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Did you know that you can develop for mainframes in Java? Or that the testing and deployment can be automated across mobile to mainframe? In his session at @DevOpsSummit at 20th Cloud Expo, Vaughn Marshall, Sr. Principal Product Owner at CA Technologies, will discuss and demo how increasingly teams are developing with agile methodologies using modern development environments and automating testing and deployments, mobile to mainframe.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing be...
Back in February of 2017, Andrew Clay Schafer of Pivotal tweeted the following: “seriously tho, the whole software industry is stuck on deployment when we desperately need architecture and telemetry.” Intrigue in a 140 characters. For me, I hear Andrew saying, “we’re jumping to step 5 before we’ve successfully completed steps 1-4.”