Fraport released its Q1 results below market expectations. The bottom-line figures were negatively impacted by the write-down related to assets in Russia, lower income from equity-accounted assets due to the exit from China and the absence of governmental aid, which were positive one-offs in 2021. Following this result, we will slightly lower our EBITDA and EPS estimates for 2022.
11 May 2022
Q1 22: turbulence due to one-offs
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Q1 22: turbulence due to one-offs
Fraport released its Q1 results below market expectations. The bottom-line figures were negatively impacted by the write-down related to assets in Russia, lower income from equity-accounted assets due to the exit from China and the absence of governmental aid, which were positive one-offs in 2021. Following this result, we will slightly lower our EBITDA and EPS estimates for 2022.