Fraport Interim Report: 1st Quarter 2013: Group Financial Results Published For January-to-March Period
FRANKFURT, Germany, May 8, 2013 /PRNewswire/ --
Dr. Schulte: "Forecast for the Year Remains Unchanged"
- Traffic Figures Affected by Weather and Strike-related Flight Cancellations
Fraport's Group revenue rose by €12.3 million to €550.2 million in the first quarter of 2013, a 2.3 percent increase year-on-year. This rise can be attributed to Frankfurt Airport's growth in revenue from airport charges and from gains in the retail business, spurred by the inauguration of the new Pier A-Plus in October 2012. Furthermore, Fraport's international business continued to develop positively, especially at the Group's subsidiary in Lima, Peru.EBITDA (earnings before interest, tax, depreciation and amortization) declined by 4.6 percent or €6.3 million to €131.1 million - thus falling short of last year's figure due mainly to one-time revenue realized from land sales in the first quarter of 2012. The Group result dropped by €10.3 million to €4.5 million, primarily because of increased depreciation and amortization in connection with the inauguration of FRA's Pier A-Plus. Correspondingly, basic earnings per share slipped by €0.10 to €0.06. Free cash flow reached minus €96.4 million at the end of the first quarter (Q1/2012: minus €125.0 million). Strike and weather-related flight cancellations, as well as a reduction in flight offerings by various airlines, led to a two-percent drop in traffic to 11.9 million passengers at Frankfurt Airport in the first quarter of 2013. Group-wide, passenger traffic rose by 1.6 percent to about 17.8 million, due mainly to the strong performance at Lima (LIM) and Antalya (AYT) airports. Cargo throughput at FRA improved slightly by 0.9 percent to approximately 493,000 metric tons and at the Group airports by 1.7 percent to almost 556,000 metric tons. Aircraft movements (down 5.8 percent) and MTOWs (down 5.3 percent) were impacted by the above mentioned effects as well as the loss of Leap Day in 2013 (versus 2012).
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