Saturday, November 9, 2024 Over the past nine months, Fraport Group has seen its revenue climb by 12.2%, reaching €3.393 billion.
This surge in revenue was accompanied by a 9.5% increase in the operating group result (EBITDA), which hit €1.051 billion.
Significantly, nearly half of the EBITDA was generated from its robust international segments. This upward trajectory allowed the group’s net profit to ascend by 21.6% to €434.
0 million. Based on these results, Fraport has confirmed that it anticipates its financial performance for the year to align with the mid-range projections. Fraport Group CEO Dr.
Stefan Schulte is critical of the political backdrop faced by German aviation: “The location costs set by regulators are too high in Germany. They are a major reason why our home market lags behind others in Europe in terms of the recovery of passenger numbers.” Schulte says this is having a financial impact on the Fraport Group: “We’re also feeling the effects of Germany’s limited capacity growth at Frankfurt Airport.
Over the past nine months, we’ve continued to remain around 14 percent below the passenger numbers we experienced in pre-pandemic 2019. By comparison, we’re well ahead of 2019 figures at many of our international subsidiary airports, where we’ve set new passenger records. We’ve done particularly well at our 14 Greek airports, as well as in Antalya and Lima.
We’re benefiting from this performance financially, as seen by the solid improvem.