Fraport Group Interim Release - First Quarter 2019

New Business Year Starts Off Successfully (FOTO)

Frankfurt (ots) -

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Revenue and earnings increase - Outlook confirmed

The Fraport Group has successfully started off the new business
year, achieving higher revenue and earnings in the first three months
of 2019. Supported by solid passenger growth at Frankfurt Airport and
almost all of Fraport's airports worldwide, Group revenue rose by
17.9 percent to EUR803.8 million. Adjusted for revenue in connection
with capital expenditure for expansion projects at Fraport's Group
companies worldwide (according to IFRIC 12), revenue grew by 5.3
percent to EUR678.5 million. At Frankfurt Airport (FRA), traffic
growth led to higher revenue, particularly from ground handling
services, as well as security services and infrastructure charges.
Moreover, the retail and parking businesses had a positive impact on
revenue. In Fraport's international portfolio, major contributions
came, in particular, from the Lima (Peru) and the Fraport USA Group
companies. In the U.S. market, Fraport recently took over management
of retail areas at New York-JFK's Terminal 5 (April 2018) and at
Nashville International Airport (February 2019).

The operating result or Group EBITDA (earnings before interest,
taxes, depreciation and amortization) advanced by 14.8 percent to
EUR200.6 million in the reporting period. This amount includes a
EUR10.9 million positive effect, resulting from the application of
IFRS 16 (effective January 1, 2019). The positive effect is offset by
additional amortization and depreciation in the amount of EUR10.4
million and a EUR2.8 million increase in interest. Establishing new
rules for the accounting of leases, the IFRS 16 standard specifically
affects lease contracts between the Fraport USA Group company and
respective concession lessors. Thus, Group EBIT climbed by 4.6
percent to EUR86.1 million. Supported by a better interest result,
the financial result improved from minus EUR56.1 million in Q1 2018
to minus EUR49.6 million in the first quarter of 2019.
Correspondingly, Group EBT soared by 39.3 percent to EUR36.5 million,
while the Group result (net profit) jumped 42.9 percent to EUR28.0
million.

Commenting on the Group's positive business performance in the
first quarter of 2019, Fraport AG's executive board chairman, Dr.
Stefan Schulte, said: "We had a robust start to the new business