Fraport’s Q2 results exceeded revenue estimates by 6% but missed consensus EBITDA by 3%. The revenue surge came from the strong traffic recovery, while higher staff and energy costs impacted EBITDA. Due to this strong rebound and increased airport charges, the company updated its guidance. Fraport has suggested a 9.5% increase in airport charges for next year. The decision is expected in 4Q23.

11 Aug 2023
H1 23: Traffic fuels the top line while opex continues to impact EBITDA

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H1 23: Traffic fuels the top line while opex continues to impact EBITDA
Fraport’s Q2 results exceeded revenue estimates by 6% but missed consensus EBITDA by 3%. The revenue surge came from the strong traffic recovery, while higher staff and energy costs impacted EBITDA. Due to this strong rebound and increased airport charges, the company updated its guidance. Fraport has suggested a 9.5% increase in airport charges for next year. The decision is expected in 4Q23.