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Fraport reports record EBITDA in 2011, expects EBITDA growth of at least 5% in 2012

9-Mar-2012 10:24 AM

Germany’s Fraport revenue up 7% – financial highlights for the 12 months ended 31-Dec-2011:

  • Total revenue: EUR2453 million, +7.4% year-on-year;
    • Aviation: EUR774.9 million, +11.7%;
    • Retail and real estate: EUR444.7 million, +10.3%;
    • Ground handling: EUR655.5 million, -0.5%;
  • EBITDA: 802.3 million, +12.9%;
    • Aviation: EUR187.8 million, +42.7%;
    • Retail and real estate: EUR305.3 million, +3.6%;
    • Ground handling: EUR54.5 million, +23.6%;
  • Net profit: EUR240.4 million, -8.6%;
  • Passenger numbers: 96.6 million, +9.1%;
  • Cargo volume: 2.5 million tonnes, -1.8%;
  • Aircraft movements: 816,330, +7.3%;
  • Total assets: EUR9224 million, +0.6%;
  • Cash and cash equivalents: EUR927.1 million, -48.9%;
  • Total liabilities: EUR6374 million, -0.9%;
  • 2012 forecast:
    • Revenue: EUR2500 million;
    • EBITDA: Increase by at least 5%;
    • EBIT: Above 2011 level;
    • Net profit: In line with 2011 level;
    • Frankfurt Airport passenger numbers: Less than 4% growth due to strike impact. [more - original PR]

Fraport: “The operating result or EBITDA (earnings before interest, tax, depreciation and amortization) rose by approximately 13% to EUR802.3 million. This clearly exceeded the previous record figure of EUR711 million in 2010,” Dr Stefan Schulte, Chairman. Source: Fraport, 08-Mar-2012.