Fraport published its 9M results, outperforming our and market expectations. Traffic recovery is strong and the group’s restructuring efforts are already visible in the Aviation and Ground Handling segments in particular. Following this result and guidance update, we will update our estimates upwards, which will positively impact our target price.
10 Nov 2021
9M 21: optimisation at home paying off
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9M 21: optimisation at home paying off
Fraport published its 9M results, outperforming our and market expectations. Traffic recovery is strong and the group’s restructuring efforts are already visible in the Aviation and Ground Handling segments in particular. Following this result and guidance update, we will update our estimates upwards, which will positively impact our target price.