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Fraport's results point to sound progress

At the Annual General Meeting held today at the Jahrhunderthalle Frankfurt, Fraport's Executive Board Chairman Dr Stefan Schulte explained to shareholders the progress achieved during fiscal year 2015.

Schulte summarised Fraport's successful figures for 2015, which were in keeping with the company's expectations. Revenue advanced noticeably by 8.5% to achieve €2.6bn; climbing at a similar rate (of 7.4%), the Group's operating profit (EBITDA) grew by almost €60m to reach €850m. The Group result increased at an even stronger rate of 18%, or €45m, to reach a new record of almost €300m.

The basis for the strong financial development at Frankfurt is down to the growth in passenger figures, especially intercontinental traffic, as well as strong net retail income per passenger, which jumped by 19 cents to reach €3.62. Despite diverging results at various locations, Fraport's external business contributed positively to financial success during 2015. Of note, the results from the airports in Lima and Ljubljana, along with the US-based Airmall retail subsidiary, more than compensated for the weak performance at Antalya and St Petersburg.

The improved financial result also contributed to good annual results in 2015, thanks to the low interest expenses in the course of lower net debts and declining interest rates.


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