Because of this year’s poor tourism business in Turkey, the at-equity contribution from Fraport’s stake in Antalya will be substantially down in 2016. The stake contributed some €30m at-equity profits to the group’s 2015 accounts. Assuming last-minute bookings will not result in better passenger numbers during the next couple of months, Antalya might even show a loss. At the same time, the CEO continues to expect the group’s operating earnings to be slightly highe

22 May 2016
Kind of a profit warning from management

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Kind of a profit warning from management
Fraport AG (FRA:WBO) | 0 0 0.7% | Mkt Cap: 8,167m
- Published:
22 May 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2 -
Because of this year’s poor tourism business in Turkey, the at-equity contribution from Fraport’s stake in Antalya will be substantially down in 2016. The stake contributed some €30m at-equity profits to the group’s 2015 accounts. Assuming last-minute bookings will not result in better passenger numbers during the next couple of months, Antalya might even show a loss. At the same time, the CEO continues to expect the group’s operating earnings to be slightly highe