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Fraport profit down

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Christian Fernsby ▼ | March 13, 2020
Fraport reported today that its fiscal 2019 net profit fell 10.2 percent from last year to 454.3 million euros.
Frankfurt Airport
Fraport   Frankfurt Airport
Adjusted for one off effect, underlying profit grew almost six percent in 2019, based on an adjusted Group result of around 430 million euros last year.

Topics: Fraport

Group EBIT slipped 3.5 percent to 705.0 million euros.

The operating result or Group EBITDA, however, increased 4.5 percent from last year to around 1.2 billion euros.

In fiscal year 2019, Fraport's Group revenue grew 6.5 percent to about 3.7 billion.

Adjusted Group revenue increased 4.5 percent to nearly 3.3 billion euros.

The increase was mainly attributed to the overall positive traffic performance achieved across the Group.

In the year, Fraport's home base Frankfurt Airport reported an increase of 1.5 percent in passengers to more than 70.5 million passengers.