Fraport : Decline in costs and international activity not enough to reassure us: Underperform recommendation confirmed
>A highly uncertain 2021, international activities will help limit losses - During the conference call organised after the 2020 results presentation (see our commentary of 16 March), Fraport management confirmed the lack of visibility for 2021. While the group anticipates - thanks to the rollout of the vaccination campaign - an improvement in traffic over the summer, traffic in Frankfurt is expected to be between 28% and 35% of 2019 levels.However, the upturn in...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.
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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