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Fraport EBITDA up 10% in 3Q2011

11-Nov-2011 12:59 PM

Germany’s Fraport revenue up 7% - financial highlights for three months ended 30-Sep-2011:

  • Revenue: EUR665.4 million, +7.1% year-on-year;
    • Aviation: EUR213.0 million, +8.2%;
    • Retail and real estate: EUR109.4 million, +11.1%;
    • Ground handling: EUR167.9 million, -4.3%;
  • EBITDA: EUR287.9 million, +9.8%;
    • Aviation: EUR75.1 million, +17.5%;
    • Retail and real estate: EUR85.2 million, +7.4%;
    • Ground handling: EUR19.7 million, -6.2%;
  • Net profit: EUR120.4 million, +9.9%;
  • Total assets: EUR9272 million, +1.1% when compared to period ended 31-Dec-2010;
  • Cash and cash equivalents: EUR1255 million, -30.8% when compared to period ended 31-Dec-2010;
  • Total liabilities: EUR6459 million, +0.4% when compared to period ended 31-Dec-2010. [more - Original PR]

Fraport: “In view of the traffic development at Frankfurth Airport, the Group EBITDA is also expected to reach the upper end of the forecast range of 10% to 15% for fiscal year 2011. Correspondingly, also the Group EBIT is expected to increase considerably but to remain under EUR500 million. The Group result is still expected to slightly lower than in the year 2010,” Company statement. Source: Fraport, 10-Nov-2011.