Fraport guarded about full year earnings, but some signs that merit optimism

Premium Analysis

The three months ending 30-Jun-09 saw another series of negative figures for Fraport as the recession bit. EBITDA fell by 14.2% and net profit by 33.5%. However, that is a slight improvement on the sixth month data. The largest fall was in aviation income EBITDA (-36.6%) and ground handling (-62.9%) The company will be glad to hear that Germany, along with France, is technically out of recession having recorded 0.3% growth in the quarter ending Jun-2009. But Fraport is a multinational company exposed to the performance of economies worldwide.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 1,667 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.