Fraport : Group adjusts to prospects that continue to deteriorate
>Further deterioration in Q4. Our estimates are in line with the guidance - After an improvement over the summer, the second wave of the pandemic has triggered a further deterioration in airport traffic. Fraport is forecasting a fall of 83-89% in Q4 to Frankfurt (vs -81% in Q3 and -94% in Q2). We are adjusting our estimates and are now forecasting a decline of 85% in traffic. All told, for 2020 we are forecasting sales down 57% (the group has said that sales “could fa...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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