Fraport posts EUR 1.95bn of revenue for Qs 1-3 2013

German airport operator Fraport AG said it achieved revenue of about EUR 1.95bn during the first three quarters of 2013 an increase of EUR 95.2m or 5.1% year-on-year.

The group´s operational result (EBITDA – earnings before interest, tax, depreciation and amortization) increased by EUR 32.7m or 4.9% to EUR 706.2m.

As expected by the company, the group result declined by EUR 25.6m or 10.6 % to EUR 216m, Fraport said.

This was largely due to the non-recurrence of the previous year´s gains in connection with the disposal of financial assets as part of the Group´s asset management and associated currency effects.

Correspondingly, basic earnings per share also dropped by EUR 0.30 or 12.0% to EUR 2.19. In contrast, free cash flow – triggered by a low investment volume and a positive operational performance – soared significantly by EUR 148.4m to EUR 72.1m, up from minus EUR 76.3m during the same period last year.

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