Fraport continues growing organically and by acquisition
Fraport reported an 8.4% year-on-year rise in revenue for the
six months ended 30-Jun-07. The strong increase in revenue resulted mainly from
earnings achieved under finance leases with Airrail Center Frankfurt. Adjusting
for this special effect, growth in revenue was 2.8%. EBITDA for the period fell
5.3%, due to positive one-time effects in 2006, as well as an 11.1% rise in
operating expenses in 1H07. However, allowing for all extraordinary transactions,
EBITDA rose by 2%. Group profit in the period rose 6.0%.
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