Priority over passenger traffic and the necessary expansion of airport infrastructure – Frankfurt Airport is an important infrastructure and the largest local employer in Germany
On the occasion of the 13th Annual General Meeting of the Fraport Jahrhunderthalle in Frankfurt-Höchst, Dr. Stefan Schulte , CEO of the group, presented the results to shareholders last fiscal. In Frankfurt, a moderate increase in the number of passengers (up 0.9%) and the volume of freight (up 1.4%) was recorded. “In comparison with Germany and all of Europe , it puts us in a decent position, while real growth is occurring in other parts of the world, “said Schulte. For air transportation, the Middle East and the Far East have experienced higher growth with growth of 10% and 7% of the number of passengers. Through investments in airports such as those in Lima , Peru, Saint Petersburg, Russia, Xi’an China, Antalya in Turkey and Varna and Bourgas in Bulgaria, the Fraport Group has contributed to the good results international growth markets. To equip these airports for future growth, Fraport has invested in new terminal buildings in St. Petersburg, Varna and Bourgas. Airport Lima has been named best airport in South America for the sixth consecutive year by the renowned consulting firm Skytrax. For the fourth time, employees had the honor of being nominated as the best airport in South America staff.
The financial results for 2013 are as expected: the adjusted incomes rose 3.4%, mainly due to the increase in airport taxes and an increase in revenues from retail and property, in addition to higher revenues from international trade. The operating profit (EBITDA) for the group increased at a slightly higher than revenues (3.7%) due to intensive management cost rates. Conversely, net profit fell 6.3%, as expected. This is due to particularly high in the management of financial assets in the prior year non-recurring income. Cash flows have however developed satisfactorily, becoming positive again after many years of major investments in airport infrastructure. The dividend proposal of the Board is again € 1.25 per share, which would maintain the dividend at a stable level since 2010.
Passenger service remains a priority. The “Great to have you here program! “Has long been a trademark recognized quality service” created by Fraport, “said Schulte, before continuing:” The success proves us right: 80% of our customers in Frankfurt commented positively on the quality our airport as well as the friendliness of our staff, and to be satisfied with the services we offer. “Skytrax eg identified last year Frankfurt airport like making the greatest progress in terms of passenger comfort among all the airports in the world. Continue in this direction is the declared aim of the company. To do this, Fraport has also regularly deploy new technologies to meet the demands of passengers to available information on phones. An important step was taken recently in this direction with the launch of new app Frankfurt Airport.
Dr. Schulte explained that the airport also had another role to play, besides that accommodate international passengers: to be the infrastructure and the largest local employer Germany. The increase in traffic is directly related to the number of employees in the airport, he has said. The most important air hub in Germany employs approximately 78,000 people in 500 companies and enterprises from the airport. If we add the suppliers and service providers higher in the value chain, the airport provides about 116,000 jobs, according to a recent study. This represents up to 2.9% of all employees of Hesse, said Schulte, explaining the need for the airport to the labor market over a wide area. The importance of the airport for the German economy and international economic relations is also immense. No other airport ‘of Europe does not have the diversity of routes and destinations that can be reached from Frankfurt. “The German jobs depend heavily on export industries, and these in turn depend on good connections to the rest of the world. These are real competitive advantages that ensure our prosperity here in Germany. “That is why it is also important to continue to develop the airport infrastructure as necessary: ??first, to allow more companies to base their operations on the site of the Airport City, then to respond quickly to the question of the expansion of terminal capacity until congestion does occur, said Schulte.
For all decisions made by Fraport, one eye is always kept on the regional corporate responsibility: “In collaboration with our airline partners, we will continue to seize all opportunities realistic operational perspective for active protection and against passive noise, “said Mr. Schulte, confirming the commitment of the airport to the surrounding communities.
For the current year, Fraport plans an increase of 2 to 3% of the number of passengers in Frankfurt, while its position as the largest cargo airport in Europe should be maintained. Due to the change in accounting standards from 1 January 2014, the group will no longer include joint ventures in its consolidated accounts in proportion, which has a particular impact on Fraport investments in Antalya Airport. Profits will now be shown in the Group’s financial results, which will lead to a change in the reported figures for the current year. Compared with pro forma adjusted retroactively for 2013, Fraport plans an increase in all of its taxable income in 2014 Key Consolidated revenues are expected to increase to € 2.45 billion (pro forma 2013:. 2378000 euros). The expected EBITDA of the group should be between 780 and 800 million (pro forma 2013: € 733 million), while its EBIT is expected to increase to $ 500 million (pro forma 2013: 439 million of euros). The result of the group is not affected by the new accounting standards and should record a slight increase compared to fiscal 2013. Consequently, the proposed dividend should be at least at the level of the previous year.
For further information, please contact:
International services of Fraport AG Frankfurt Airport
Robert A. Payne – International Spokesman; Director of the international team of the press and external activities, Press Office (UKM-PS), Corporate Communications, 60547 Frankfurt, Germany; Tel. : +49 69.690.7854 7; E-mail: r.payne @ fraport.de ; Website: http://www.fraport.com
SOURCE Fraport AG