Welcome!

@CloudExpo Authors: Liz McMillan, William Schmarzo, Pat Romanski, Simon Hill, Madhavan Krishnan, VP, Cloud Solutions, Virtusa

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

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.

@CloudExpo Stories
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, 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.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, 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.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, 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.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, 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.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., 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.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...