Welcome!

Microsoft Cloud Authors: Lori MacVittie, Elizabeth White, Yeshim Deniz, Serafima Al, Janakiram MSV

News Feed Item

Fraport Fiscal Year 2012: Fraport's 2012 Business Year Meets Expectations

FRANKFURT, Germany, March 12, 2013 /PRNewswire/ --

Preliminary Figures - Subject to Supervisory Board Approval

ANR 7/2013 - March 12, 2013

Growth in Passenger Traffic, Revenue and EBITDA - Dividend of €1.25 to Be Recommended Again - Schulte Sees Challenging Framework Conditions for 2013

The Fraport Group met expectations for the 2012 business year by achieving growth in passenger traffic and positive development of its key financial figures.  A total of almost 100 million passengers - advancing 2.9 percent to 99.4 million passengers - used Fraport's five majority-owned airports.  At its Frankfurt Airport home base (FRA), the number of passengers grew by 1.1 million to 57.5 million in 2012, up 1.9 percent year-on-year. Revenue climbed by €70.8 million to €2.44 billion, while Group EBITDA (earnings before interest, tax, depreciation and amortization) rose by €48.4 million to €850.7 (up six percent). Major investment projects completed recently - above all, the new Runway Northwest and A-Plus terminal expansion - led to increased depreciation and financing costs.    As expected, the Group result before minority interest could only be increased slightly by €0.8 million to €251.6 million (up 0.3 percent year-on-year).

Commenting on the 2012 business year, Fraport AG's executive board chairman Dr. Stefan Schulte said:  "Overall, our company developed well during the 2012 business year, and we met expectations.  Compared to many other German and European airports, Frankfurt Airport performed well in a difficult environment and gained more than one million passengers. Thanks to the investments Fraport has made at FRA, we have built a strong foundation for the future.  This provides us with the necessary growth reserves and secures our connectivity, reliability and high service level for increasing our competitiveness."  A dividend of €1.25 per share will again be recommended at the upcoming Fraport AGM (Annual General Meeting) on May 31, 2013.

Fraport's Retail and Real Estate business segment contributed to the positive development of the company's financial figures, particularly because of the growth in net retail revenue per passenger at FRA.  Benefiting from the inauguration of the A-Plus terminal expansion with its 12,000 square meters of retail space, this indicator rose from €3.17 to €3.32 per passenger in 2012.  

In the Aviation business segment, the growth in passenger figures and higher revenue from airport fees resulted in an increase in both revenue and segment EBITDA.  At the same time, depreciation and financing costs have risen noticeably now that the new runway has been operating for the entire year and because of the newly inaugurated Pier A-Plus - thus resulting in a decline in the EBIT (earnings before interest and tax).  

The Ground Handling business segment registered a drop in revenue and results compared to 2011, due to the decline in cargo and MTOWs (maximum takeoff weights) - both particularly impacted by the nighttime curfew at FRA as well as the difficult overall economic situation. In the Group's most personnel-intensive business area, a collective wage agreement in the public service visibly impacted segment results, as seen in the form of increased labor costs.

Continuing favorable development of the Group's international airport business led to positive results from the External Activities and Services business segment.  Along with its FRA home airport, Fraport has a majority shareholding of at least 50 percent in four international airports (Antalya in Turkey, Lima in Peru, Burgas and Varna in Bulgaria), as well as minority stakes and  management contracts at eight other airports around the globe. Fraport's airport portfolio is set to expand further.

Despite the satisfactory development during the last business year, Schulte emphasized that the European air transport industry is currently marked by economic and structural challenges: "The macro-economic environment will also remain challenging in 2013. The sector-specific burdens resulting from the planned European Emissions Trading System (ETS) and the German air transportation tax have a damping effect on aviation demand. This, in turn, leads to airlines reducing their flight offerings. However, we essentially expect stable passenger figures at Frankfurt Airport during the current business year," explained Schulte.

In 2013, Fraport's CEO expects FRA's passenger volume to be at about the same level as in the previous year, revenue to increase by up to five per cent, and EBITDA to reach about €870 million to €890 million. The Group result is expected to be lower than for the previous year, due to the continuing rise in depreciation and financing costs.  

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;  http://www.airportcarbonaccreditation.org


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
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abilit...
In his session at Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to maximize project result...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessio...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
DXWorldEXPO LLC announced today that the upcoming DXWorldEXPO | CloudEXPO New York event will feature 10 companies from Poland to participate at the "Poland Digital Transformation Pavilion" on November 12-13, 2018.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...