Fraport : Reassuring message on inflation but traffic still less favourable
>2022 expected to be at the top of the guidance range - Having reported Q1 results slightly below expectations (see our comments of 10 May), Fraport’s management was more reassuring in the conference call on its capacity to achieve the upper end of its 2022 guidance for both traffic (between 55% and 65% of the 2019 level) and the financials.At Frankfurt, traffic continues to improve: in April, it was at 66% of the 2019 level (and even 71% at the end of the month)...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.