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April 26, 2015 6:56 PM ET

Transportation Infrastructure

Company Overview of Fraport AG

Company Overview

Fraport AG owns and operates the Frankfurt Airport in Germany. The company operates in four segments: Aviation, Retail & Real Estate, Ground Handling, and External Activities & Services. The Aviation segment provides airside and terminal management, corporate safety and security, and airport security management services at its Frankfurt Airport and other German airports. The Retail & Real Estate segment is involved in the retailing and parking lot management activities; and rental and marketing of areas at its Frankfurt site. The Ground Handling segment offers ground handling and central infrastructure services at its Frankfurt site. The External Activities & Services segment provides facili...

Frankfurt Airport Services Worldwide

Frankfurt am Main,  60547

Germany

Founded in 1924

23,116 Employees

Phone:

49 18 06372 4636

Key Executives for Fraport AG

Chairman of Executive Board and Chief Executive Officer
Age: 54
Total Annual Compensation: $1.1M
Chief Financial Officer, Executive Director of Finance & Controlling and Member of the Executive Board
Age: 53
Total Annual Compensation: $861.4K
Executive Director of Operations and Member of Executive Board
Age: 51
Total Annual Compensation: $802.4K
Executive Director of Labor Relations and Member of Executive Board
Age: 57
Total Annual Compensation: $612.6K
Compensation as of Fiscal Year 2014.

Fraport AG Key Developments

Frankfurt Airport Opens New Truck Parking Lot at CargoCity South

Frankfurt Airport (FRA) celebrated the opening of a new truck parking lot at CargoCity South on March 13, after one year of construction. Right behind airport gate 31, there are now more than 70 parking spaces available 24 hours a day for vans, trucks, and semi trailers. Sanitary facilities, including two showers, complete the range of amenities offered for truck drivers. This new parking lot is designed, for example, to be used during the periods when truck drivers are awaiting customs clearance or waiting for loading and unloading of their freight shipments at the airport's cargo terminals. Active utilization of the new infrastructure can help to reduce road traffic congestion in the area, especially during peak periods.

Fraport AG Reports Consolidated Traffic Results for the Month and First Quarter Ended March 2015

Fraport AG reported consolidated traffic results for the month and first quarter ended March 2015. For the month, the company welcomed more than 4.6 million passengers in March 2015, representing an increase of 2.5% year-on-year and a new March monthly record. Correspondingly, the number of aircraft movements declined by 2.3% to 37,218 takeoffs and landings. Accumulated maximum takeoff weights (MTOWs) increased to 2.37 million metric tons (up 1.2%). Cargo volume (airfreight and airmail) dropped by 6.1% to 189,546 metric tons. For the quarter, the company welcomed more than 12.5 million passengers choosing in the first quarter of 2015, FRA recorded passenger growth of 2.7% compared to the same period in the preceding year. Thus, FRA exceeded the existing first quarter record reached in 2008 by approximately 260,000 passengers, despite the influence of strikes, winter weather and storms. The total number of aircraft movements in the January-to March 2015 period slipped by 2.2% to 104,780 takeoffs and landings. Nevertheless, MTOWs still rose by 2.1% to 6.6 million metric tons. FRA's cargo throughput fell by 2% to 511,355 metric tons.

Fraport Announces Earnings and Operating Results for the Full Year of Fiscal 2014; Provides Earnings Guidance for the Year 2015

Fraport announced earnings and operating results for the full year of fiscal 2014. For the year, the company reported the Group revenue rose to about €2.4 billion (up 0.8% year-on-year; or up by 3.2% on an adjusted basis).  The operating result or Group EBITDA (earnings before interest, tax, depreciation and amortization) grew by 7.8% to €790.1 million, while Group EBIT (earnings before interest and tax) advanced by a noticeable 10.1% to €482.8 million. The company posted a 6.8% gain in the Group result to €251.8 million.  At €2.54, basic earnings per share were 5.8% higher - up 14 cents - compared to the previous year. The company passenger traffic increased by 2.6%, reaching a 60 million passengers in 2014. Cargo (airfreight and airmail) throughput at FRA rose by 1.8% year-on-year to some 2.1 million metric tons. For the 2015 business year, the company expects the positive financial trends to continue within a challenging environment.  The board expects the Group revenue to reach between about €2.55 billion and €2.6 billion. The Group EBITDA expects to range between about €820 million and €840 million, while Group EBIT could range between about €500 million and €520 million.  The Group result is also expected to climb to a level between about €265 million and €285 million.

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