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Fraport revenue down 4.4% in 2Q2009

7-Aug-2009 11:56 AM

Germany’s Fraport revenue down 4.4% - financial highlights:

  • Three months ended 30-Jun-2009:
    • Revenue: EUR493.5 million, -4.4% year-on-year;
    • EBITDA: EUR155.6 million, -8.5%;
    • EBIT: EUR98.7 million, -14.2%;
    • EBT: EUR75.0 million, -26.6%;
    • Net profit: EUR47.8 million, -33.5%;
  • Six months ended 30-Jun-2009:
    • Revenue: 945.5 million, -9.5%;
      • Aviation: EUR329.5 million, -5.9%;
      • Retail & real estate: EUR178.6 million, -3.0%;
      • Ground handling: EUR299.0 million, -3.9%;
    • EBITDA: EUR255.4 million, -10.5%;
      • Aviation: EUR51.5 million, -36.6%;
      • Retail & real estate: EUR139.8 million, -5.4%;
      • Ground handling: EUR7.5 million, -62.9%;
    • EBIT: EUR142.8 million, -20.0%;
    • EBT: EUR111.7 million, -22.3%;
    • Net profit: USD70.1 million, -31.1%;
    • Passenger numbers: 32.8 million, -5.8%;
      • Frankfurt: 24.2 million, -8.0%;
      • Lima: 4.2 million, +6.3%;
      • Antalya: 3.6 million, -0.5%;
    • Cargo volume: 942,179 tonnes, -20.7%;
      • Frankfurt: 849,286 tonnes, -21.4%;
      • Lima: 91,256 tonnes, -13.2%.

Fraport: “In contrast to previous expectations, expenses for security services in the Aviation segment will not continue to rise. However, segment EBITDA is still expected to be considerably lower than the previous year’s level due to declining traffic. In the Ground Handling segment, falling traffic numbers should also lead to lower personnel expenses. However, segment EBITDA is still expected to be considerably lower than the previous year’s level due to negative revenue development,” Company statement. Source: Fraport, 06-Aug-2009.