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NEWS Last modified on November 13, 2014

Fraport's revenue and passenger traffic surge

In the first three quarters of the 2014 business year, Fraport AG’s adjusted group revenue increased by 2.3% to €1.79 billion compared to the same period in 2013.

Group EBITDA (earnings before interest, tax, depreciation and amortization) grew by 6.4% to €621.3 million year-on-year, while the group result rose 1.7% to €219.6 million.

Operating cash flow markedly improved by 10.1% to €408.9 million, and free cash flow soared to €204.4 million in the first nine months of 2014, up from €41.3 million in the same period last year.

Fraport achieved positive financial performance thanks to traffic growth in the first three quarters of 2014.

Frankfurt Airport recorded a 3.2% rise in passenger figures, despite several strike days that led to almost 3,700 flight cancellations and affected over 430,000 passengers.

It posted new monthly passenger records every month from May to September 2014, and a new historic daily record was achieved on the last Friday in September 2014, when Frankfurt served 214,000 passengers in a single day.

Cargo (airfreight and airmail) throughput also increased, rising by 2.1% to some 1.6 million metric tonnes.

Aircraft movements remained stable at 357,016 takeoffs and landings (down 0.1%), maximum takeoff weights (MTOWs) rose by 2.2% to almost 21.9 million metric tonnes – due to airlines deploying larger aircraft types.

Traffic figures continued to grow not only at FRA but also at airports in the Group’s international portfolio.

Fraport AG’s executive board chairman Dr. Stefan Schulte says:  “Our latest financial figures show that we are on track to meet our full-year outlook for 2014.

“As our international portfolio is truly contributing to the company’s financial success, we are delighted that Fraport could gain two new international investments this year.”

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