Fraport reports record EBITDA in 2011, expects EBITDA growth of at least 5% in 2012

Germany's Fraport revenue up 7% - financial highlights for the 12 months ended 31-Dec-2011:

• Total revenue: EUR2453 million, +7.4% year-on-year;
  • Aviation: EUR774.9 million, +11.7%;
  • Retail and real estate: EUR444.7 million, +10.3%;
  • Ground handling: EUR655.5 million, -0.5%;
• EBITDA: 802.3 million, +12.9%;
  • Aviation: EUR187.8 million, +42.7%;
  • Retail and real estate: EUR305.3 million, +3.6%;
  • Ground handling: EUR54.5 million, +23.6%;
• Net profit: EUR240.4 million, -8.6%;
• Passenger numbers: 96.6 million, +9.1%;
• Cargo volume: 2.5 million tonnes, -1.8%;
• Aircraft movements: 816,330, +7.3%;
• Total assets: EUR9224 million, +0.6%;
• Cash and cash equivalents: EUR927.1 million, -48.9%;
• Total liabilities: EUR6374 million, -0.9%;
• 2012 forecast:
  • Revenue: EUR2500 million;
  • EBITDA: Increase by at least 5%;
  • EBIT: Above 2011 level;
  • Net profit: In line with 2011 level;
  • Frankfurt Airport passenger numbers: Less than 4% growth due to strike impact. [more - original PR]

Fraport: "The operating result or EBITDA (earnings before interest, tax, depreciation and amortization) rose by approximately 13% to EUR802.3 million. This clearly exceeded the previous record figure of EUR711 million in 2010," Dr Stefan Schulte, Chairman. Source: Fraport, 08-Mar-2012.