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Fraport EBITDA down 3% in 2Q2012, expects minimum 5% EBITDA growth in FY2012

9-Aug-2012 12:34 PM

Germany’s Fraport revenue down 1% – financial highlights:

  • Three months ended 30-Jun-2012:
    • Revenue: EUR615.7 million, -1.3% year-on-year;
      • Aviation: EUR213.8 million, +7.9%;
      • Ground handling: EUR166.3 million, -2.7%;
      • Retail and real estate: EUR107.9 million, -16.4%;
    • EBITDA: EUR227.4 million, -2.5%;
      • Aviation: EUR51.2 million, -4.1%;
      • Ground handling: EUR21.5 million, +28.7%;
      • Retail and real estate: EUR83.5 million, -7.8%;
    • Net profit: EUR71.5 million, -9.5%;
  • Six months ended 30-Jun-2012:
    • Revenue: EUR1154 million, +28.0%;
      • Aviation: EUR393.7 million, +8.2%;
      • Ground handling: EUR321.6 million, -2.5%;
      • Retail and real estate: EUR227.3 million, -1.8%;
    • EBITDA: EUR365.7 million, +7.3%;
      • Aviation: EUR77.9 million, +3.7%;
      • Ground handling: EUR22.7 million, +4.1%;
      • Retail and real estate: EUR165.1 million, +0.4%;
    • Net profit: EUR86.9 million, -18.3%;
    • Passenger numbers: 44.2 million, +2.8%;
    • Cargo volume: 1.1 million tons, -9.0%;
    • Aircraft movements: 383,086, +0.2%;
    • Total assets: EUR9435 million, +2.3% when compared to period ended 31-Dec-2011;
    • Cash and cash equivalents: EUR731.2 million, -21.1% when compared to period ended 31-Dec-2011;
    • Total liabilities: EUR6617 million, +3.8% when compared to period ended 31-Dec-2011. [more – original PR]

Fraport: “Based on the Group’s performance in the first half of 2012, Fraport maintains its outlook for the fiscal year 2012. Group revenue is thus expected to amount to more than EUR2.5 billion and group EBITDA is expected to increase by a minimum 5% compared to the previous year. The Group result will roughly be on the same level as 2011.” Source: Company statement, 08-Aug-2012.