Fraport reports positive result in 2015, EBITDA up 7%

Fraport revenue up 9% - financial highlights for 12 months ended 31-Dec-2015:

• Revenue: EUR2599 million, +8.5% year-on-year;
• • Aviation: EUR927.3 million, +4.9%;
  • Retail and real estate: EUR488.2 million, +7.1%;
  • Ground handling: EUR673.1 million, +2.6%;
• EBITDA: EUR848.8 million, +7.4%;
• • Aviation: EUR237.5 million, +0.3%;
  • Retail and real estate: EUR378.8 million, +6.3%;
  • Ground handling: EUR46.4 million, +4.7%;
• Net profit: EUR297 million, +18.0%;
• Total assets: EUR8847 million;
• Cash and cash equivalents: EUR406.0 million;
• Total liabilities: EUR5336 million. [more - original PR]

Fraport: "What matters now, however, is the outlook for the future and this is currently characterized by restrained holiday bookings in Germany and significantly declining passenger figures in Turkey as a result of the recent terrorist attacks. In view of these uncertainties, Fraport anticipates an increase in passenger traffic at Frankfurt Airport of between 1 and 3 percent in fiscal year 2016. The Group's operating indicators, EBITDA and EBIT, are expected to be in a range between slightly above the 2015 level and up to EUR30 million higher," Stefan Schulte, Chairman. Source: Company statement, 16-Mar-2016.