Generally speaking, the 2017 numbers were reasonable, but we had expected Fraport’s international expansion (i.e. into Greece and recently into Brazil) to contribute better results. This has clearly not happened and the divisional profit number delivered by External Services was much lower than we had projected. We hope that management is in full control of these activities and that they will eventually contribute better results.
16 Mar 2018
Foreign activities delivered lower earnings than we had anticipated
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Foreign activities delivered lower earnings than we had anticipated
Fraport AG (FRA:WBO) | 0 0 0.7% | Mkt Cap: 8,167m
- Published:
16 Mar 2018 -
Author:
Hans-Peter Wodniok -
Pages:
3
Generally speaking, the 2017 numbers were reasonable, but we had expected Fraport’s international expansion (i.e. into Greece and recently into Brazil) to contribute better results. This has clearly not happened and the divisional profit number delivered by External Services was much lower than we had projected. We hope that management is in full control of these activities and that they will eventually contribute better results.