Fraport reports robust performance despite challenging market conditions

In the first three quarters of the 2016 business year, the Fraport Group achieved revenue of €1.94bn, thus continuing its positive performance from the previous year. The Group’s operating result or EBITDA slightly declined by 2% to €677m in the first nine months, while the Group result dropped 9% to €239m. Likewise, operating cash flow reduced by 5% to around €500m in the first nine months. As a result, free cash flow decreased by 20% to €310m, also reflecting higher capital expenditure for property, plant and equipment at Frankfurt Airport. From January to September 2016, a total of 46.7 million passengers passed through Frankfurt Airport (FRA), down 1.2%. Cargo throughput (airfreight + airmail, excluding transfer cargo) rose by 1.1% to 1.55 million metric tons, reflecting the slight recovery in the global economy.