Welcome!

News Feed Item

Fraport Interim Report - 6 Months 2014: Financial Figures Grow as Expected

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

Executive Board Confirms Outlook: "Growth Above Last Year's Level" - Further Potential Via Growing Demand in Air Traffic Worldwide

Cross reference: Picture is available via epa european pressphoto agency (http://www.epa.eu) and can be downloaded free of charge at:

http://www.presseportal.de/story.htx?firmaid=31522

In the second quarter of 2014, Fraport AG's revenue rose by one percent to €600.1 million compared to the adjusted figures for the second quarter of 2013.  The Frankfurt-based airport company recorded a noticeable increase in Group EBITDA (earnings before interest, tax, depreciation and amortization) of 9.6 percent to €219.7 million, as well as a 10.4 percent jump in the Group result to €85.7 million.

     (Photo: http://photos.prnewswire.com/prnh/20140807/700682-a )

     (Photo: http://photos.prnewswire.com/prnh/20140807/700682-b )

For the first six months (January to June) of fiscal year 2014, Fraport reported a one-percent gain in the adjusted revenue to about €1.12 billion. Fraport achieved double-digit gains in both Group EBITDA (up by 10 percent to €354.2 million) and Group result (up by 11.7 percent to €91.7 million).  With €82.4 million, free cash flow at the half-year mark was clearly in the positive range, versus minus €25.2 million during the same period in 2013 due to the higher capital investment volumes last year.

This positive financial development parallels the growing traffic volumes.  Welcoming some 27.8 million passengers, FRA registered growth of 2.4 percent year-on-year as well as a new half-year passenger record - despite a number of strike days that affected the airport from February to April 2014.  The Frankfurt hub's cargo throughput (airfreight and airmail) grew by 2.2 percent to 1.1 million metric tons.  Although aircraft movements remained relatively flat at 229,039 takeoffs and landings in the first half (down 0.1 percent), accumulated maximum takeoff weights (MTOWs) climbed by 1.9 percent to 14 million metric tons - due to the deployment of larger aircraft types.  Passenger figures also continue to grow positively at the Group's international airports.

Fraport AG's executive board chairman, Dr. Stefan Schulte, explained:  "Fraport's good financial performance in the first half of 2014 can be attributed to ongoing passenger growth both in Frankfurt and at our international airports - and also because of lower capital expenditures. The ongoing growth in demand for air traffic worldwide opens up development opportunities for Fraport domestically and internationally - whereby the timely creation of the required capacities at each airport is vital."

Fraport Four Business Segments: 

Aviation:  

Revenue for Fraport's Aviation segment climbed by 3.9 percent in the first half of 2014 to €418.4 million - mainly due to passenger growth at Frankfurt Airport as well as an increase in airport charges.  Reduced expenses for winter services at FRA following the mild winter led to lower segment expenditures.  Thus, segment EBITDA jumped by 20.4 percent to €104.4 million.  Slightly higher depreciation and amortization resulted in segment EBIT of €46.1 million - a noticeable gain of €16.1 million versus the same period in 2013.

Retail and Real Estate:

The Retail and Retail Estate segment reported revenue of €218.7 million in the first six months of 2014, down 4.4 percent year-on-year. Contributing factors here included lower revenue from land sales as well as energy supply services and utilities. The "net retail revenue per passenger" key performance indicator declined from €3.56 to €3.42 during the first half of 2014.  In particular, this drop can be attributed to fluctuations in exchange rates and passenger traffic, especially for some destinations having high retail purchasing patterns.  Nevertheless, segment EBITDA remained at a stable level of €172.3 million (up 0.1 percent) due to declining costs for energy supply and utilities in the reporting period.  Segment EBIT dropped by €1.3 million to €131.1 million.

Ground Handling:

The increase in passenger traffic, deployment of larger aircraft types, and the rise in infrastructure charges at FRA enabled Fraport's Ground Handling segment to post revenue of €317.5 million, up 1.1 percent year-on-year.

Although personnel expenses rose slightly due to pay increases under collective wage agreements, material and other operating expenses for the Ground Handling segment dropped because of one-off effects in the previous year and successful cost management.  In total, segment EBITDA improved significantly by €9.2 million to €11.2 million.  Depreciation and amortization remained constant resulting in segment EBIT remaining in the red with minus €7.3 million.

External Activities and Services:

Revenue for Fraport's External Activities and Services segment declined by 14.1 percent to €167.8 million in the first six months of 2014.  Adjusting for lower realization of earnings-neutral capital expenditures in Fraport's Twin Star and Lima Group companies (IFRIC 12), segment revenue rose from €160.8 million to €162.8 million in the reporting period (up 1.2 percent year-on-year).  The reason for this positive revenue development was primarily the passenger growth at the Group airports.

Segment EBITDA advanced by 8.3 percent to €66.3 million thanks to organic growth in revenue and a decrease in expenses.  Growing depreciation and amortization - including for the inauguration of new passenger terminals in Burgas and Varna, Bulgaria, last year - led to segment EBIT of €35.8 million, up €1.4 million year-on-year.

Print-quality photos of Fraport AG and Frankfurt Airport are available for free downloading via the photo library located in our Press Center on the Fraport Web site. For TV news and information broadcasting purposes only, we also offer free footage material for downloading.

About Fraport AG and Frankfurt Airport 

Fraport AG - which ranks among the world's leading companies in the global airport business - offers a full range of integrated airport management services and boasts subsidiaries and investments on four continents. In 2013, the Fraport Group generated sales of €2.56 billion, EBITDA of €880.2 million and a profit of about €236 million. Last year, more than 103 million passengers used airports arround the world in which Fraport has a majority stake.

At its Frankfurt Airport (FRA) home base, Fraport welcomed more than 58 million passengers in 2013 and handled some 2.1 million metric tons of cargo (airfreight and airmail). For the current flight timetable, FRA is served by 108 passenger airlines flying to some 295 destinations in 105 countries worldwide.  More than half of FRA's destinations are intercontinental (beyond Europe) - underscoring Frankfurt's role as a leading hub in the global air transportation system. In Europe, FrankfurtAirport ranks first in terms of cargo tonnage and is the third-busiest for passenger traffic.  With well over 50 percent of all passengers using Frankfurt as a connecting hub, FRA also has the highest transfer rate among the major European hubs.

Frankfurt Airport City has become Germany's largest job complex at a single location, employing more than 78,000 people at about 500 companies and organizations directly on site.  The FRA AirportC ity also serves as a magnet for other companies located throughout the economically vital Frankfurt/Rhine-Main-Neckar region. Thanks to synergies associated with the region's dynamic and diverse industries, plus networked expertise and outstanding intermodal transportation infrastructure, Frankfurt Airport meets the increasing needs of the flourishing export-oriented economies of the State of Hesse as well as Germany as a whole, for optimal connections to growth markets around the globe. Likewise, FRA is also a strategic gateway for companies wanting to access the huge European marketplace.  Thus, Frankfurt Airport- which is strategically located in the heart of Europe, is one of the most important hubs in the world and a major infrastructure site for Germany and Europe.

Major new real estate developments - such as The Squaire, the Gateway Gardens business park, and the Mönchhof Logistics Park, etc. - are creating an exciting new dimension and range of services at the evolving Frankfurt Airport City of the 21st century.  

Fraport AG

Robert A. Payne
International Spokesman
Press Office, Corp.Communications
60547 Frankfurt, Germany

Telephone:  +49-69-690-78547
E-mail:  [email protected]
Internet:  http://www.fraport.com
Facebook:  http://www.faceebook.com/FrankfurtAirport

SOURCE Fraport AG

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
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to ...
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developers ...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, w...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, 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. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
In his session at 20th Cloud Expo, Brad Winett, Senior Technologist for DDN Storage, will present several current, end-user environments that are using object storage at scale for cloud deployments including private cloud and cloud providers. Details on the top considerations of features and functions for selecting object storage will be included. Brad will also touch on recent developments in tiering technologies that deliver single solution and an end-user view of data across files and objects...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of 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. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs ofte...
SYS-CON Events announced today that Tintri, Inc, a leading provider of enterprise cloud infrastructure, 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. Tintri offers an enterprise cloud platform built with public cloud-like web services and RESTful APIs. Organizations use Tintri all-flash storage with scale-out and automation as a foundation for their own clouds – to build agile development environments...
SYS-CON Events announced today that DivvyCloud 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. DivvyCloud software enables organizations to achieve their cloud computing goals by simplifying and automating security, compliance and cost optimization of public and private cloud infrastructure. Using DivvyCloud, customers can leverage programmatic Bots to identify and remediate common cloud problems in rea...
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single threaded, you can effectively identify hot spots in your serverless code. In his session at 20th Cloud Expo, David Martin, Principal Product Owner at CA Technologies, will give a live demonstration and code walkthrough, showing how to ov...
The 21st International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Machine Learning 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 busin...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...