NEWS Last modified on May 8, 2019

Fraport Group enjoys 'successful' start to 2019

Fraport today revealed that the first quarter of the 2019 financial year has been a "successful" one for the company, with both traffic and revenues showing healthy growth.

According to Fraport, its higher revenue and earnings in the first three months of 2019 has been supported by solid passenger growth at Frankfurt Airport and almost all of its airports worldwide.

It reports that group revenues rose by 17.9% to €803.8 million, although the true figure falls to €678.5 million (+5.3%) when Fraport's ongoing global capital development projects are taken into consideration.

At Frankfurt Airport (FRA), traffic growth led to higher revenue, particularly from ground handling services, as well as security services and infrastructure charges.
Frank
Moreover, it says, the retail and parking businesses had a positive impact on revenue as 14.8 million passengers (+2.5%) passed through Frankfurt Airport in Q1 2018.

In Fraport's international portfolio, major contributions came, in particular, from the Lima (Peru) and the Fraport USA Group companies.

In the US market, Fraport recently took over management of retail areas at New York-JFK's Terminal 5 (April 2018) and at Nashville International Airport (February 2019).

The operating result or Group EBITDA (earnings before interest, taxes, depreciation and amortisation) increased by 14.8% to €200.6 million in the reporting period. 

Schulte
Commenting on the Group's positive business performance in the first quarter of 2019, Fraport AG's executive board chairman, Dr Stefan Schulte, said: "We had a robust start to the new business year, supported once more by the ever growing contributions to revenue and earnings from our Group airports worldwide.

"In Frankfurt, we successfully managed the first stress test of 2019 during the busy Easter travel period. Together with our partners, we will continue striving to accommodate the high demand of our customers in the best possible way.

"To achieve this goal, we will further optimise and streamline processes and improve infrastructure utilisation, as well as vigorously moving our expansion projects forward."

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