Fraport’s External Services (i.e. its foreign activities) are delivering lower than expected results and lower profit margins. In addition, temporary discounts offered to budget airlines in Frankfurt limit profit growth in Aviation. However, the bottom line will benefit from management’s decision to dispose of the 30% stake in Hanover airport which is expected to translate into a book gain of €85m in H2 18.
08 Aug 2018
Profit growth came to a standstill in Q2
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Profit growth came to a standstill in Q2
Fraport AG (FRA:WBO) | 0 0 0.7% | Mkt Cap: 8,167m
- Published:
08 Aug 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Fraport’s External Services (i.e. its foreign activities) are delivering lower than expected results and lower profit margins. In addition, temporary discounts offered to budget airlines in Frankfurt limit profit growth in Aviation. However, the bottom line will benefit from management’s decision to dispose of the 30% stake in Hanover airport which is expected to translate into a book gain of €85m in H2 18.