During the first nine months of the 2023 fiscal year, the Fraport Group delivered a strong performance with key operating figures exceeding 2019 levels. The Group result (net profit) reached €357.0 million in the first nine months, buoyed by traffic growth across the Group’s airports. This positive performance was driven, in particular, by a strong third-quarter – with revenue, EBITDA (earnings before interest, taxes, depreciation and amortization) and net profit achieving new records. In view of this development, Fraport has confirmed its outlook for the full 2023 fiscal year, expecting to reach the upper range of the given forecasts.
In the first nine months (9M) of fiscal 2023, Group revenue as per IFRIC 12 rose by €494.5 million to €2,631.9 million (9M/2022: €2,137.4 million; 9M/2019: €2,486.7 million). The 9M-revenue for the first time includes proceeds from aviation security fees, totaling €167.0 million. These were levied by Fraport after assuming responsibility for passenger security screening at Frankfurt Airport with the start of 2023. Group EBITDA improved by 15.8% year-on-year to €959.5 million in the first nine months (9M/2022: €828.6 million; 9M/2019: €948.2 million). The Group result (net profit) improved noticeably by €258.9 million to €357.0 million. Last year’s nine-month Group result of €98.1 million was negatively impacted by a full €163.3 million write-off of loan receivables from Thalita Trading Ltd. in connection with the investment at Pulkovo Airport (LED) in St. Petersburg. (£1.00 = €1.15 at time of publication).
