Fraport: confirms full-year outlook at annual meeting

(CercleFinance.com) - German airport operator Fraport confirmed its full-year outlook at the group's annual meeting on Wednesday, still expecting "sustained" growth this year.


Passenger traffic at Frankfurt Airport is expected to rise by 2% to 3% - significantly lower than in the past two years, it said.

The company also said it expects a slight increase in consolidated revenue, to about 3.2 billion euros, with group EBITDA forecast to be in a range of 1,160 million euros to 1,195 million euros.

At the AGM, Fraport said it is "well positioned" for the future - both nationally and internationally - expecting further long-term growth due to its recent investments - particularly in Frankfurt, Greece, Brazil and Peru.

After dropping 0.6% yesterday, the Fraport share was down a further 2.8% on Wednesday.

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