Fraport EBITDA increase 24% in 2016

Fraport revenue down 1% - financial highlights for 12 months ended 31-Dec-2016:

• Revenue: EUR2586 million, -0.5% year-on-year;
• • Aviation: EUR910.2 million, -1.8%;
  • Retail and real estate: EUR493.9 million, +1.2%;
  • Ground handling: EUR630.4 million, -6.3%;
• EBITDA: EUR1054 million, +24.2%;
• • Aviation: EUR217.9 million, -8.3%;
  • Retail and real estate: EUR368.0 million, -2.9%;
  • Ground handling: EUR34.7 million, -25.2%;
• Net profit: EUR400.3 million, +34.8%;
• Total assets: EUR873 million;
• Cash and cash equivalent: EUR736 million;
• Total liabilities: EUR5031 million. [more - original PR]

Fraport: "Despite the challenges of the 2016 business year, we have achieved our best annual result ever. The sale of the 10.5 percent share in our Pulkovo Airport subsidiary in St. Petersburg has demonstrated that we are able to develop international airport concessions even amid difficult market environments. We will therefore continue to consistently pursue our strategy of operating a broadly diversified international portfolio," Stefan Schulte , Chairman. Source: Company statement, 17-Mar-2017.