Fraport reports 6.5% increase in FY 2019 revenue

Fraport AG has announced a 6.5% increase in revenue to approximately EUR 3.7 billion in the 2019 fiscal year, the company said.

After adjusting for revenue related to capital expenditure for expansion measures (based on IFRIC 12), Group revenue increased by 4.5 percent to nearly EUR 3.3 billion. This increase can be mainly attributed to the overall positive traffic performance achieved across the Group. In particular, considerably higher contributions to revenue growth came from Fraport´s home-base Frankfurt Airport, along with the company´s Fraport Greece, Fraport USA and Lima (Peru) subsidiaries.

The operating result climbed by 4.5% to almost EUR 1.2 billion.

The Group result (net profit) fell by 10.2% to EUR 454.3 million year-on-year in the reporting period. The decline can be mainly attributed to lower other operating income versus fiscal 2018, when this item was boosted by extra revenue from the sale of Fraport´s stake in Flughafen Hannover-Langenhagen GmbH.

Operating cash flow rose by EUR 150 million or 18.7 percent year-on-year to EUR 952.3 million.

In 2019, Fraport´s home-base Frankfurt Airport (FRA) reached a traffic record, with more than 70.5 million passengers traveling through Germany´s largest aviation hub. This represents an increase of 1.5% compared to 2018.