Fraport delivered slightly lower revenue but higher than expected profits. Revenue fell by 1.4% to €1.23bn (we had expected €1.25bn), whereas EBIT (-3.3% to €215m) and net profit (-5.6% to €93m) were higher than our projected €204m and €85m, respectively. Excluding the projected gain of €30-40m from the reduction in its stake in St Petersburg (from 35.5% to 25%), which is expected to be booked in Q3, the group’s full-year profit numbers will be, accord
04 Aug 2016
Much higher Groundhandling EBITDA limits profit fall in H1 16
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Much higher Groundhandling EBITDA limits profit fall in H1 16
Fraport AG (FRA:WBO) | 0 0 0.7% | Mkt Cap: 8,167m
- Published:
04 Aug 2016 -
Author:
Hans-Peter Wodniok -
Pages:
3
Fraport delivered slightly lower revenue but higher than expected profits. Revenue fell by 1.4% to €1.23bn (we had expected €1.25bn), whereas EBIT (-3.3% to €215m) and net profit (-5.6% to €93m) were higher than our projected €204m and €85m, respectively. Excluding the projected gain of €30-40m from the reduction in its stake in St Petersburg (from 35.5% to 25%), which is expected to be booked in Q3, the group’s full-year profit numbers will be, accord