FRANKFURT, Germany, November 3, 2016 /PRNewswire/ -- Key financial figures slightly down overall in 9M2016-Group result expected to rise significantly due to special effects- Fraport's international portfolio achieves mixed results FRA/gk-rap - In the first three quarters of the 2016 business year, the Fraport Group achieved revenue of €1.94 billion (adjusted for IFRIC 12), thus continuing its positive performance from the previous year. The Group's operating result or EBITDA (earnings before interest, tax, depreciation and amortization) slightly declined by two percent to €677 million in the first nine months, while the Group result dropped nine percent to €239 million. Likewise, operating cash flow reduced by five percent to around €500 million in the first nine months. As a result, free cash flow decreased by 20 percent to €310 million, also reflecting higher capital expenditure for property, plant and equipment at Frankfurt Airport. Fraport's financial performance has been impacted in particular by the current geopolitical situation, which has led in part to marked declines in passenger traffic both at Fraport's home-base Frankfurt Airport and, especially, at individual Group airports within Fraport's international portfolio. From January to September 2016, a total of 46.7 million passengers passed through Frankfurt Airport (FRA), down 1.2 percent. Cargo throughput (airfreight + airmail, excluding transfer cargo) rose by 1.1 percent to 1.55 million metric tons, reflecting the slight recovery in the global economy. Commenting on the Group's business performance, Fraport AG's executive board chairman, Dr. Stefan Schulte, pointed out the challenging market environment in which the company is operating: "As a globally linked industry, aviation is particularly affected by current geopolitical conflicts and risks. And Fraport is not entirely immune to these developments. Therefore, it is even more important that our Group operates a broadly diversified portfolio, which we expect to generate considerable positive effects over the business year as a whole." "Equally important is the fact that growth trends continue to be intact in the aviation industry. Overall, Fraport has achieved robust performance during the first nine months of 2016, despite challenging market conditions." In view of the ongoing slowdown in air travel demand as a result of geopolitical factors - which became manifest particularly during the summer peak months - Fraport is maintaining its outlook for the full year (as updated after the first half of 2016) and is still expecting a slight decline in year-on-year passenger traffic at FRA.