Fraport: quarterly results in line, but share falls

(CercleFinance.com) - On Tuesday, airport operator Fraport reported a 34% increase in Q1 operating income before non-recurring items, in line with analysts' expectations.


The German group reported EBITDA of E212.6m for January to March.

This figure includes E28m in non-recurring items, which means that this result is in line with the consensus target of E188m, said analysts at Stifel.

Quarterly sales rose by 16.3% to E890.2m, on the back of a 10.4% increase in passenger traffic to 12.5 million at Frankfurt airport.

Fraport - which expects to welcome a total of 61m to 65m passengers to Frankfurt this year - still says it expects annual EBITDA of E1.26bn and E1.36bn.

Following this unsurprising publication, Fraport shares were down 0.8% on Tuesday on the Frankfurt Stock Exchange.


Copyright (c) 2024 CercleFinance.com. All rights reserved.