Report

Fraport : Confident regarding traffic growth and the revival in retail. Prices expected to be stable in 2020

>Q1 2019: EBITDA driven by retail, and an increase in capex - Adjusted for IFRIC 12 accounting revenues, Q1 2019 revenues were up 5.3% to € 678.5m, driven by a good performance in Lima and at Fraport USA, growth in ground handling (+6.4%) and a pick-up in retail spending / Pax in Frankfurt (+5.8%). This recovery is attributable to strong growth in advertising revenues, a weak € and a more favourable traffic mix. It seems to be confirmed in April. Q1 2019 EBITDA c...
Underlying
Fraport AG

Fraport AG Frankfurt Airport Services Worldwide is an airport operator. Co. is divided into four segments: aviation, which includes airside and terminal management as well as corporate safety and security at the Frankfurt site; retail and real estate, which consists of retailing activities, parking facility and real estate management at Frankfurt Airport; ground handling, which comprises services dealing with passengers, aircraft and cargo; and external activities and services, which comprises Co.'s companies outside the Frankfurt site and auxiliary services in Frankfurt, including information technology and facility management in particular.

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Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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