The group’s revenue growth moderated somewhat in the last quarter (+7.4% to €725m), but the ytd number of €1.97bn (+9.5%) is only €7m below our anticipated number. However, profits were clearly higher and the growth rates accelerated. EBIT was up by 17% to €222m in Q3 and by 12% to €444m ytd. The respective net profit numbers (after minorities) were +26% to €146m and +19% to €244m. Excluding the Q3 disposal gain of €7m still leads to profit number

05 Nov 2015
Fraport delivered higher than expected Q3 profits

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Fraport delivered higher than expected Q3 profits
Fraport AG (FRA:WBO) | 0 0 0.7% | Mkt Cap: 8,167m
- Published:
05 Nov 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2 -
The group’s revenue growth moderated somewhat in the last quarter (+7.4% to €725m), but the ytd number of €1.97bn (+9.5%) is only €7m below our anticipated number. However, profits were clearly higher and the growth rates accelerated. EBIT was up by 17% to €222m in Q3 and by 12% to €444m ytd. The respective net profit numbers (after minorities) were +26% to €146m and +19% to €244m. Excluding the Q3 disposal gain of €7m still leads to profit number