Fraport : Weak set of results driven by Opex pressures at Frankfurt airport
>2.5% EBITDA miss at Group level, with Frankfurt airport 7% below - Fraport’s Q3 2024 results were slightly below our estimates and the consensus, due to some opex pressure at Frankfurt airport, only partially offset by a good underlying performance at the international assets: total adj. EBITDA of € 484m vs € 496m ODDO BHFe and € 491m from the consensus i.e. 2.5% and 1.5% below respectively, with Frankfurt airport EBITDA at € 239m vs € 258m ODDO BHFe and € 256m css ...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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