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Fraport revenue up 4.3%, EBITDA up 12% in 1Q2010

12-May-2010 11:58 AM

Germany’s Fraport revenue up 4.3% - financial highlights for the three months ended 31-Mar-2010:

  • Revenue: EUR476.1 million, +4.3% year-on-year;
    • Aviation: EUR155.9 million, +0.7%;
    • Retail and real estate: EUR90.9 million, +2.6%;
    • Ground handling: EUR159.2 million, +11.6%;
    • External activities and services: EUR70.1 million, -0.4%;
  • EBITDA: EUR115.8 million, +12.4%;
    • Aviation: EUR13.5 million, +6.3%;
    • Retail and real estate: EUR69.3 million, +4.1%;
    • Ground handling: EUR5.3 million, compared to a loss of EUR4.1 million in the previous corresponding period;
    • External activities and services: EUER27.7 million, -1.4%;
  • EBIT: EUR48.2 million, +5.2%;
  • Passenger numbers: 15.7 million, +7.7%;
  • Cargo volume: 589,556 tonnes, +30.8%;
  • Aircraft movements: 153,581, +4.2%;
    • Frankfurt: 108,709, stable. [more]

Fraport: “Because of the positive business development in the first quarter of 2010, Fraport AG expects passenger traffic at Frankfurt Airport to increase by between 1% and 2% for the entire fiscal year 2010, despite the negative impact of the volcano eruption. Group EBITDA will be at around EUR635 million. Group profit is anticipated to be level with the previous year,” Company statement. Source: Fraport, 11-May-2010.