Latest news with #FraportGroup
Travel Daily News
14-05-2025
- Business
- Travel Daily News
Fraport Group records slightly lower result in First Quarter of 2025
Fraport reports 26.4m. euros Q1 loss in 2025 despite 6.3% revenue rise, citing one-off 2024 effects, higher costs, and weak German market performance. The Fraport Group has made a cautious start to the 2025 fiscal year. After adjustments for revenues from construction and expansion measures (in line with IFRIC 12), revenue across the Group rose by 6.3 percent year-on-year to 811.3 million euros. The operating result or EBITDA (earnings before interest, taxes, depreciation, and amortization) reached 177.5 million euros. This represented a decline of 16.5 percent on the same period in 2024, when EBITDA was strongly boosted by positive non-recurring effects. In what is traditionally the weakest quarter of the year for passenger numbers, the Group result (net profit) was negative, at minus 26.4 million euros (Q1/2024: 12.7 million euros). Fraport CEO Dr. Stefan Schulte said: 'As expected, the operating and financial performance in the first three months of the current business year was weaker than in 2024. The same period in 2024 benefited from positive non-recurring effects such as compensation for the effects of the coronavirus pandemic, the extra leap day in February, and the fact that the Easter travel period began in March. In 2025, Easter fell in the second quarter. Furthermore, growth drivers were lacking in the German market after yet another increase in regulatory costs at the start of 2025. Nevertheless, we expect our business to continue to show positive growth for the full year, in line with the current outlook. Successfully completed expansions to Fraport's airports in Lima and Antalya will be particularly helpful for stimulating growth.' Key indicators traditionally weaker in the first quarter Group revenue reduced by 2.4 percent year-on-year to 868.5 million euros in the first quarter of 2025. However, when adjusting for IFRIC 12, Group revenue increased by 6.3 percent to 811.3 million euros. Other operating income of 6.1 million euros was around 28.3 million euros lower than in the same period in 2024. The first quarter of 2024 saw a significant impact from coronavirus compensation at Fraport Greece (28.0 million euros). Personnel expenses rose disproportionately by 44.6 million euros, to 323.4 million euros in the first quarter of 2025. The rise can be attributed to wage increases under collective wage agreements and higher staff levels at Frankfurt Airport (FRA). Consequently, the Group EBITDA declined by 35.1 million euros to 177.5 million euros. The Group's net profit stood at minus 26.4 million euros below 2024 levels (Q1/2024: 12.7 million euros). Mixed trends for passenger numbers across the Group In the first quarter of 2024, passenger numbers at FRA stagnated at 12.4 million, representing a slight drop of 0.9 percent. During the reporting period, passenger growth was seen at Fraport's airports in Greece, as well as at Lima Airport (LIM) in Peru and Antalya Airport (AYT) on the Turkish Riviera. The same quarter in 2024 benefited from an additional leap day and the Easter travel period beginning in March. Outlook for the 2025 fiscal year Fraport's executive board views the trend in the first quarter of 2025 as stable and in line with expectations, and is confirming forecasts for the current fiscal year. The airport operator projects passenger numbers at FRA to reach up to 64 million. A moderate increase in the Group EBITDA is forecast. The Group result is still expected to remain in the forecast range, from stable to decreasing slightly.
Yahoo
13-03-2025
- Business
- Yahoo
Passenger numbers up in February for German airport operator Fraport
Passenger numbers edged up in February for all the airports operated by Germany's Fraport Group compared to the same month of the previous year, while traffic fell slightly at the group's main airport, Frankfurt, the company said on Thursday. In February, Frankfurt airport welcomed 3.9 million travellers, down 0.1% from the same period a year ago. In February 2024, the extra leap day additionally boosted traffic volumes, but the positive leap-year effect was offset by strikes on several days during the month. Cargo throughput - airfreight plus airmail - in Frankfurt declined 0.9% year-on-year. Aircraft movements totalled 30,182 take-offs and landings, the same as the previous year. Accumulated maximum take-off weights (MTOWs) slightly contracted by 0.8% year-on-year to around 1.9 million metric tons. Fraport's group airports worldwide recorded a total volume of 8.4 million passengers, a growth of 0.2% from the prior year. Slovenia's Ljubljana Airport served 81,191 passengers in February, down 5.8% year-on-year. In South America, the two Brazilian airports of Fortaleza and Porto Alegre saw combined traffic slide by 4% to 891,998 passengers. In contrast, traffic at Peru's Lima Airport grew 5.5% to roughly 2 million passengers. A total of 660,389 passengers used Fraport's 14 Greek regional airports in February 2025, up 3.7%.
