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Fraport EBITDA up 16% in 3Q2013, maintains full year traffic and profit guidance

7-Nov-2013 1:04 PM

Germany’s Fraport revenue up 5% - financial highlights for three months ended 30-Sep-2013:

  • Revenue: EUR737.0 million, +5.2% year-on-year;
    • Aviation: EUR239.2 million, +1.9%;
    • Retail and real estate: EUR118.1 million, +10.1%;
    • Ground handing: EUR175.7 million, +2.5%;
    • External activities and services: EUR204.0 million, +9.0%;
  • EBITDA: EUR311.6 million, +15.8%;
    • Aviation: EUR92.6 million, +5.7%;
    • Retail and real estate: EUR92.6 million, +5.0%;
    • Ground handling: EUR24.6 million, +24.2%;
    • External activities and services: EUR121.8 million, +1.3%;
  • Net profit: EUR123.0 million, -18.2%;
  • Total assets: EUR9614 million;
  • Cash and cash equivalents: EUR654.5 million;
  • Total liabilities: EUR6543 million. [more - original PR]

Fraport: “On the basis of business development in the first nine months of 2013, the Executive Board of Fraport maintains its traffic and earnings outlook for the fiscal year 2013. For the Frankfurt site, the Executive Board continues to expect passenger numbers at about the level of the fiscal year 2012. For the key Group companies outside of Frankfurt, a rise in passenger figures continues to be expected. For Group EBITDA between EUR870 million and EUR890 million s expected for 2013, while the Group result will drop. Despite the lower Group result, the Executive Board – in consideration of the positive long-term earnings outlook – unaltered plans to keep the dividend per share stable at EUR1.25 for the fiscal year 2013.” Source: Company statement, 06-Nov-2013.