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10-May-2012 12:37 PM

Fraport EBITDA up 8% in 1Q2012

Germany’s Fraport revenue up 6% - financial highlights for three months ended 31-Mar-2012:

  • Revenue: EUR537.9 million, +5.8% year-on-year;
    • Aviation: EUR179.9 million, +8.6%;
    • Retail and real estate: EUR19.4 million, +16.5%;
    • Ground handling: EUR155.3 million, -2.2%;
  • EBITDA: EUR138.2 million, +7.6%;
    • Aviation: EUR26.7 million, +23.0%;
    • Retail and real estate: EUR81.6 million, +10.6%;
    • Ground handling: EUR28.8 million, +3.2%;
  • Net profit: EUR15.4 million, -36.4%;
  • Total assets: EUR9345 million, +1.3% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: EUR824.4 million, -11.1% when compared to period ended 31-Dec-2011;
  • Total liabilities: EUR6472 million, +1.5% when compared to period ended 31-Dec-2011;
  • Passenger numbers: 17.5 million, +3.9%;
  • Cargo volume: 546,509 tonnes, -1.9%;
  • Aircraft movements: 165,695, stable;

Fraport: “The outlook for the year 2012 in the reporting period continues to be consistent with the forecast set out in the Annual Report 2011. Contrary to previous forecasts, however, the EBITDA in the ground handling segment could decline over the year, due to the higher-than-expected public sector wage agreement and the ongoing negative trend in the cargo sector.” Source: Company statement, 09-May-2012.

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