Fraport EBITDA up 10%, maintains full-year guidance of min 5% EBITDA growth

Germany's Fraport revenue up 5% - financial highlights for three months ended 30-Sep-2012:

• Revenue: EUR700.6 million, +5.3% year-on-year;
  • Aviation: EUR234.7 million, +10.2%;
  • Retail and real estate: EUR107.3 million, -1.9%;
  • Ground handling: EUR171.4 million, +2.1%;
• EBITDA: EUR317.4 million, +10.2%;
  • Aviation: EUR88.1 million, +17.3%;
  • Retail and real estate: EUR88.2 million, +3.5%;
  • Ground handling: EUR20.3 million, +3.0%;
• Net profit: EUR151.6 million, +36.5%;
• Total asset: EUR9452 million, +2.5% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: EUR709.4 million, -23.5%, when compared to period ended 31-Dec-2011;
• Total liabilities: EUR6501 million, +2.0% when compared to period ended 31-Dec-2011. [more - original PR]

Fraport: "Fraport continues to forecast passenger growth of less than 4% at Frankfurt Airport, depending on the actual course of the remaining months, this could be a growth range of 2% to 3%. Based on the business performance during the first nine months of 2012, Fraport is maintaining its earnings forecast for fiscal year 2012, i.e. that EBITDA is expected to increase by minimum 5% and that Group result will roughly be on the same level as in 2011." Source: Company statement, 06-Nov-2012.