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Fraport posts positive results despite challenges

Handling Talk
Some 61m passengers were handled at Frankfurt airport in 2015, which represents a 2.5% rise in traffic over the previous year.

Group revenues climbed by 8.4% year-on-year to reach €2.58bn while the Group's operating profit (EBITDA) increased by 7.4% to €848.8m; the EBIT climbed by 7.8% to €520.5m. Overall, the Group’s results climbed significantly by 18% to total €297m. After an increase in the dividend for the 2014 fiscal year, a dividend proposal at the previous year's level of €1.35 per share will be made to the Annual General Meeting this year. This corresponds to a dividend payout ratio of 45.1% of the Group result attributable to shareholders.

This encouraging performance was mainly due to passenger growth at the airport, combined with considerably higher retail and parking revenues. Net retail income per passenger was up €0.19 or 5.5% year-on-year, rising to €3.62 in 2015. In addition, Fraport's global activities outside Frankfurt largely contributed to the noticeable increase in the Group's financial result. This was down to the first-time full consolidation of the two new Group subsidiaries, AMU Holding and Aerodrom Ljubljana, which had been acquired during the year 2014, as well as the ongoing excellent performance of the Group's Lima airport subsidiary, which was additionally boosted by the relative weakness of the euro against the US dollar.


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