Welcome!

Microsoft Cloud Authors: Pat Romanski, Lori MacVittie, Andreas Grabner, Jim Kaskade, John Basso

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
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. 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 June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York. Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
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.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal...