Fraport AG Frankfurt Airport Services Worldwide

FRA

Equity

ISIN DE0005773303 / Valor 1234108

Xetra (2024-12-23)

EUR 58.80+0.86%

Fraport AG Frankfurt Airport Services Worldwide
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About company

Fraport AG is a prominent player in the global airport business, operating at 30 airports across four continents since its IPO in 2001. Specializing in airside and terminal operations, the company offers a wide range of operational and management services, with a focus on Frankfurt Airport, which sees impressive traffic figures with over 1,400 aircraft movements and 6,000 tonnes of cargo handled daily. Fraport's services include IT infrastructure, terminal equipment, construction, safety, and security-related services, with a commitment to reducing CO2 emissions at its airports. With over 95 years of aviation expertise, Fraport aims to connect the world with tomorrow through its comprehensive range of airport-related solutions.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

In the first nine months of 2024, Fraport AG Frankfurt Airport Services Worldwide reported a 12.2 percent increase in revenue, reaching €3.393 billion. This growth was significantly driven by the performance of its international business, which contributed almost half of the EBITDA.

Passenger Numbers

Frankfurt Airport saw a 4.9 percent rise in passenger numbers during the first nine months of 2024, totaling approximately 46.7 million passengers. However, the growth rate slowed over the quarters, with the third quarter still 13 percent below the levels seen in 2019.

Third Quarter Performance

Despite challenging market conditions in Germany, Fraport's revenue for the third quarter of 2024 increased by 11.0 percent to €1.354 billion. The Group result for this quarter was €273.2 million, nearly identical to the previous year's third quarter result.

Key Financial Figures

Fraport improved all key financial figures for the first nine months of 2024. The operating result (EBITDA) rose by 9.5 percent to €1.051 billion, and the Group result increased by 21.6 percent to €434.0 million, benefiting from strong growth in its international subsidiaries.

Outlook for 2024

Fraport AG expects annual passenger numbers at Frankfurt Airport to be at the lower end of the 61 to 65 million range. The Group forecasts its EBITDA to be in the middle of the projected range, between €1.260 and €1.360 billion, with the Group result expected to be between €435-€530 million.

Summarized from source with an LLMView Source

Key figures

6.79%1Y

-1.44%3Y

-22.0%5Y

Performance

25.1%1Y

34.1%3Y

41.4%5Y

Volatility