The group’s revenue fell by 0.5% to €2.59bn but EBIT and net earnings were up by 33% to €694m and by 36% to €375m, respectively. As a result, management proposes a dividend of €1.50 compared to €1.35 paid for 2015. While revenue is slightly lower than we had anticipated (€2.59bn), the net profit number is considerably lower (€412m). This is also reflected in the dividend, which we had projected to be unchanged but we had assumed a bonus payment of &eur
17 Mar 2017
2016 profits were very disappointing indeed
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
2016 profits were very disappointing indeed
Fraport AG (FRA:WBO) | 0 0 0.7% | Mkt Cap: 8,167m
- Published:
17 Mar 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s revenue fell by 0.5% to €2.59bn but EBIT and net earnings were up by 33% to €694m and by 36% to €375m, respectively. As a result, management proposes a dividend of €1.50 compared to €1.35 paid for 2015. While revenue is slightly lower than we had anticipated (€2.59bn), the net profit number is considerably lower (€412m). This is also reflected in the dividend, which we had projected to be unchanged but we had assumed a bonus payment of &eur