Fraport reports 8.5% rise in revenue for nine months ended 30-Sep-2010

Germany's Fraport reports (04-Nov-2010) the following financial highlights for the nine months ended 30-Sep-2010:

• Revenue: EUR1637 million, +8.5% year-on-year;
  • Aviation: EUR521.4 million, +0.8%;
  • Retail & Real Estate: EUR284.5 million, +7.0%;
  • Ground handling: EUR494.7 million, +7.2%;
• EBITDA: EUR566.8 million, +24.5%;
  • Aviation: EUR121.1 million, +20.3;
  • Retail and Real Estate: EUR224.2 million, +4.4%;
  • Ground handling: EUR35.1 million, +62.5%;
• EBT: EUR228.9 million, +10.0%;
• Net profit: EUR161.6 million, +25.4%;
• Total assets: EUR9,113 million, +2.8%;
• Operating cash flow: EUR360.0 million, +0.4%;
• Capital expenditure: EUR714.2 million, -34.2%;
• Passenger numbers: 68.9 million, +8.8%;
• Cargo volume: 1.9 million tons, +25.3%;
• Aircraft movements: 583,497, +5.7%. [more]

Fraport: "Curbed by the economic crisis since the end of 2008, business travel activity will gradually recover during 2010. However, it will not be able to fully offset the slumps seen in the previous year. Fraport considers the booking situation in leisure travel as positive. Cargo tonnage at Frankfurt Airport will show strong double-figure growth for the entire year 2010, due to the global economy and global trade picking up noticeably," Company statement. Source: Fraport, 04-Nov-2010.

Fraport: "In view of business developments up to now, Fraport AG anticipates that segment revenue, EBITDA and EBIT will increase in the aviation and ground handling segments. The retail and real estate segment is also expected to see an increase in revenue and EBITDA compared to fiscal year 2009, while the segment EBIT is expected to remain level. The forecast given in the annual report 2009 for the external activities and services segment remains unchanged," Company statement. Source: Fraport, 04-Nov-2010.