Report
Ana Arjona-Martinez ...
  • Antonio Rodriguez Vicens
  • Sven Edelfelt

Fraport : Positive trends continue but with no surprises

> All 2022 results, short- and mid-term guidance, in line with our estimates - Having already published Q4 2022 traffic figures (44% in Q4 2022 and 97% in FY 2022 or -21% and -31% vs 2019 in Frankfurt, respectively) Fraport’s FY 2022 results were in line with our estimates and the consensus (EBITDA 1% or € 13m below our numbers and 1% or € 15m above the consensus).  The better performance in Retail and International activities was offset by a higher opex in both the A...
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.

Provider
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.

Analysts
Ana Arjona-Martinez

Antonio Rodriguez Vicens

Sven Edelfelt

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