6-Aug-2010 12:26 PM

Fraport revenue up 5.5%, EBITDA jump 16% in 1H2010

Germany’s Fraport revenue up 5.5% - financial/traffic highlights for the six months ended 30-Jun-2010:

  • Revenue: EUR1,015 million, +5.5% year-on-year;
    • Aviation: EUR324.5 million, -1.7%;
    • Retail and real estate: EUR186.0 million, +4.3%;
    • Ground handling: EUR319.2 million, +6.9%;
  • EBITDA: EUR304.6 million, +15.8%;
    • Aviation: EUR57.2 million, +11.5%;
    • Retail and real estate: EUR144.9 million, +3.0%;
    • Ground handling: EUR14.1 million, +95.8%;
  • Net profit: EUR52.0 million, -21.9%;
  • Total assets: EUR9,079 million, +2.4%;
  • Operating cash flow: EUR125.0 million, -21.2%;
  • Capital expenditure: EUR509.6 million, -28.1%;
  • Passenger numbers: 38.6 million, +7.1%;
  • Cargo volume: 1.2 million ton, +30.0%;
  • Aircraft movements: 349,893, +4.2%;
  • FY2010 forecast:
    • Passenger traffic:
    • EBITDA: EUR620 million to EUR680 million. [more]

Fraport: “In view of business developments up to now and the positive forecast for the second half of 2010, Fraport AG now anticipates that segment revenue, EBITDA and EBIT will increase in the aviation and ground-handling segments. The retail and real estate segment should also continue the positive development of the current fiscal year. Segment revenue as well as EBITDA are therefore expected to rise compared to fiscal year 2009. The segment EBIT should fall slightly below figures in 2009 due to continuing negative effects from depreciation and amortisation,” Company statement. Source: Fraport, 05-Aug-2010.

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