Welcome!

Microsoft Cloud Authors: Liz McMillan, Elizabeth White, Mihai Corbuleac, Pat Romanski, David Bermingham

News Feed Item

Fraport Interim Report - Nine Months 2012: Positive Financial Figures for the First Three Quarters of the Year

FRANKFURT, Germany, November 6, 2012 /PRNewswire/ --

- Profit Forecast Confirmed - Air Transportation Industry Challenged by Changing Framework Conditions  

Fraport AG achieved revenue of €1.85 billion during the first three quarters of 2012 - up 3.5 percent or €63.2 million year-on-year.  Group EBITDA (earnings before interest, tax, depreciation and amortization) increased by 5.7 percent or €36.8 million to €683.1 million year-on-year.  The Group result rose by 10.1 percent or €22.8 million to a total of €248.4 million year-on-year.  Correspondingly, basic earnings per share improved by €0.23 to €2.57 (up 9.8 percent).  Reflecting ongoing investments at Frankfurt Airport (FRA), free cash flow was still negative at minus €76.3 million, compared to minus €264.0 million in the first nine months of 2011.

From January to September 2012, the number of passengers using Frankfurt Airport climbed by 3.3 percent to 44.1 million - despite 3,350 strike-related flight cancellations during the months of February, March, August and September.  Across the Group's consolidated airports, passenger traffic advanced overall by 3.4 percent to 78.2 million. Cargo throughput (airfreight and airmail) fell at Frankfurt Airport by 8.1 percent to about 1.56 million metric tons and dropped Group-wide by 7.3 percent to 1.74 million metric tons year-on-year.  

The lower cargo volume impacted, in particular, Fraport's Ground Handling business segment.  In the Retail and Real Estate segment "net retail revenue per passenger" grew to €3.12.  This indicator is expected to rise further due to the recent inauguration of the new Pier A-Plus at Terminal 1, which offers space for some 60 shops and restaurants.  The External Activities and Services segment benefited from good growth at the company's foreign operations, especially Lima (LIM) and Antalya (AYT) airports.  The Aviation segment generated more revenue due to increased passenger figures and the development of airport charges.  

Ongoing investments - particularly FRA's new Runway Northwest - resulted in higher depreciation and financing costs.  Commenting at the company's financial press conference today, Fraport AG executive board chairman Dr. Stefan Schulte said:  "Runway Northwest and the construction of the new A-Plus terminal area are major projects that have significantly enhanced the quality and reliability of our intercontinental hub, - while providing FRA with the necessary capacity growth reserves along with a noticeable improvement in punctuality."  

At the same time, Schulte stressed the growing difficulty of the framework conditions for air transportation -- particularly in Germany and Europe -- which are casting a cloud over the remaining months of the year.  While the decline in cargo tonnage will continue to lessen, Fraport expects a decline in domestic and European passenger flight movements for the Winter Timetable.  Thus, FRA is following the European-wide trend, whereby air traffic development on the continent is being dampened by the European debt crisis and weak economy.   Furthermore, Schulte indicated that political decisions have increased the cost pressure on airlines and airports: "It is increasingly difficult for the aviation industry to compete internationally due to unilateral national implementation of the air transportation tax and the EU emissions trading scheme that has been heavily criticized worldwide."

The Executive Board has not changed its outlook for full-year 2012. However, due to lower revenue from investments within the foreign concessions, Group revenue will - contrary to previous expectations - not exceed €2.5 billion. Here, the organic revenue generation remains unchanged.  EBITDA is expected to advance by at least five percent and the Group result is expected to remain at approximately the same level as last year.  Thus, Fraport is striving to be able to recommend a stable dividend of €1.25 per share at the Annual General Meeting.  Fraport continues to forecast passenger growth of less than four percent at Frankfurt Airport - depending on the actual course of the remaining months, this could be a growth range of two to three percent. Fraport AG's Interim Report as at September 30, 2012 (first nine months), is available via our http://www.fraport.com under "Investor Relations":  Select "Reports & Releases" or "IR News".

For Further Information, Please Contact:
Fraport AG Frankfurt Airport Services Worldwide
Robert A. Payne, B.A.A. - International Spokesman and Head of International Press/PR & External Activities Team, Press Office (UKM-PS), Corporate Communications, 60547 Frankfurt, Germany; Tel.: +49-69-690-78547; E-mail: [email protected]; Internet: http://www.fraport.com

SOURCE Fraport

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
SYS-CON Events announced today that 24Notion has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. 24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to con...
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT's direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Buildi...
SYS-CON Events announced today BZ Media LLC has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and Commercial Drone markets.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...