Click here to close now.

Welcome!

CloudExpo® Blog Authors: Liz McMillan, Elizabeth White, Pat Romanski, Ian Goldsmith, VictorOps Blog

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
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust...
“The year of the cloud – we have no idea when it's really happening but we think it's happening now. For those technology providers like Zentera that are helping enterprises move to the cloud - it's been fun to watch," noted Mike Loftus, VP Product Management and Marketing at Zentera Systems, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"Blue Box has been around for 10-11 years, and last year we launched Blue Box Cloud. We like the term 'Private Cloud as a Service' because we think that embodies what we are launching as a product - it's a managed hosted private cloud," explained Giles Frith, Vice President of Customer Operations at Blue Box, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it!
SYS-CON Events announced today that SUSE, a pioneer in open source software, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SUSE provides reliable, interoperable Linux, cloud infrastructure and storage solutions that give enterprises greater control and flexibility. More than 20 years of engineering excellence, exceptional service and an unrivaled partner ecosystem power the products and support that help ...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
"We are the top stocking distributor for HP renew products in North America. We can only sell to U.S. authorized partners and resellers for HP," explained Miguel Diazdelcastillo Jr., Sales Executive at Creative Business Solutions, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
“Will Jaya is a direct source for server integration and storage solutions. If you are looking for any specific configurations for a project we can help you configure based on your needs and requirements," explained Netty Goya, CEO of Will Jaya, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. 8th International Big Data Expo, co-located with 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. As advanced data storage, access and analytics technologies aimed at handling high-volume and/or fast moving data all move center stage, aided by the cloud computing bo...
SYS-CON Events announced today that the "First Containers & Microservices Conference" will take place June 9-11, 2015, at the Javits Center in New York City. The “Second Containers & Microservices Conference” will take place November 3-5, 2015, at Santa Clara Convention Center, Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
"SendGrid sends about 15 billion emails a month and process all the events associated with that, about a trillion events a year," explained Aaron Beach, Senior Data Scientist at SendGrid, in this SYS-CON.tv interview at Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
ThingsExpo New York is offering a limited time FREE "Expo Plus" registration option in New York. On site registration price of $1,95 will be set to 'free' for delegates who register during special offer. To take advantage of this opportunity, attendees can use the coupon code, and secure their registration to attend all keynotes, ThingsExpo sessions, expo floor, and SYS-CON.tv power panels. Special FREE registration givess access to all DevOps, Containers and Microservices sessions as well. Regi...
"ElasticBox is an enterprise company that makes it very easy for developers and IT ops to collaborate to develop, build and deploy applications on any cloud - private, public or hybrid," stated Monish Sharma, VP of Customer Success at ElasticBox, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The only place to be Nov 3-5 is Cloud Expo | @ThingsExpo | DevOps Summit 2015 West at the Santa Clara Convention Center in Santa Clara, CA. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT, Big Data and DevOps companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps 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 bu...
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
"At Harbinger we do products as well as services. Our services are with helping companies move their products to the cloud operating systems. Some of the challenges we have seen as far as cloud adoption goes are in the cloud security space," noted Shrikant Pattathil, Executive Vice President at Harbinger Systems, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"We help companies that are using a lot of Software as a Service. We help companies manage and gain visibility into what people are using inside the company and decide to secure them or use standards to lock down or to embrace the adoption of SaaS inside the company," explained Scott Kriz, Co-founder and CEO of Bitium, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.