Fraport EBITDA up 11%, maintains FY2011 forecast

Germany's Fraport revenue up 7% - financial highlights for the three months ended 31-Mar-2011:

• Revenue: EUR508.6 million, +6.8% year-on-year;
  • Aviation: EUR165.7 million, +6.3%;
  • Retail and real estate: EUR102.5 million, +12.8%;
  • Ground handling: 158.8 million, -0.3%;
• EBITDA: EUR128.5 million, +11.0%;
  • Aviation: EUR21.7 million, +60.7%;
  • Retail and real estate: EUR73.8 million, +6.5%;
  • Ground handling: EUR5.1 million, -3.8%;
• Net profit: EUR24.2 million, +505%;
• Capital expenditure: EUR242.1 million, -10.3%;
• Passenger numbers: 16.9 million, +7.7%;
• Cargo volume: 613,654 tons, +4.1%;
• Aircraft movements: 165,642, +7.9%;
• Total assets: EUR9106 million, -0.7% when compared with the period ended 31-Dec-2010;
• Cash and cash equivalents: EUR1577 million, -13.0% when compared with the period ended 31-Dec-2010;
• Total liabilities: EUR6327 million, -1.6% when compared with the period ended 31-Dec-2010. [more]

Fraport: "In the reporting period, there were no changes compared to the Outlook 2011 published in the Annual Report 2010. The Executive Board maintains its forecast for the Fraport Group and its segments for the fiscal year 2011 as expressed in the Annual Report 2010," Company statement. Source: Fraport, 12-May-2011.