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Companies >
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Fraport AG >
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Kind of a profit warning from management

working
  • 22 May 2016

Kind of a profit warning from management


Fraport AG (FRA:WBO) | 0 0 0.7% | Mkt Cap: 8,167m


  • AlphaValue
    • Hans-Peter Wodniok

    • 2 pages

Transport & Logistics image



 
Transport & Logistics image



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 ....


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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
  • AlphaValue


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 ....



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