Fraport Interim Report: 1st Quarter 2014: Fraport Group Records Growth in Financial Results for the January-to-March Period

Frankfurt (ots) - Rising Passenger and Cargo Figures Drive
Positive Q1 Results - CEO Schulte: "Upward Trend During the First
Three Months Confirms Our Outlook for Full-Year 2014"

Fraport AG posted positive financial results in the first quarter
of 2014 - primarily due to traffic growth across the Group's
airports. Group revenue saw underlying growth of E5.4 million or 1.1
percent, rising to E517.3 million. Group EBITDA (earnings before
interest, tax, depreciation and amortization) jumped by E13 million
or 10.7 percent to E134.5 million, while the Group result advanced by
E1.5 million to E6 million year-on-year.

At Frankfurt Airport (FRA), Fraport AG's home base, passenger
numbers increased by two percent in the first three months of 2014,
while aircraft movements (takeoffs and landings) climbed by 1.1
percent - despite a large number of strike-related flight
cancellations. FRA also recorded higher tonnage for cargo and
accumulated maximum takeoff weights (MTOWs), increasing by 4.5
percent and 2.1 percent respectively. Relatively mild winter weather
at FRA was one of the factors behind the overall positive
performance. Across the Group, passenger figures also continued to
grow at the airports of Lima (LIM) in Peru, Antalya (AYT) in Turkey,
St. Petersburg (LED) in Russia, and Xi'an (XIY) in China.

As a result of the positive operating performance and a lower
investment volume compared to 2013, the Group's free cash flow
markedly increased by E65.9 million to E19.5 million. Commenting on
the financial results, Fraport AG's executive board chairman, Dr.
Stefan Schulte, said: "Our first-quarter financial results are a
positive start for the Fraport Group's 2014 business year. Also
because of the ongoing growth trend in air traffic demand, we expect
the Group's positive development to continue. We thus confirm our
full-year outlook and expect overall performance in 2014 to exceed
the levels reached last year."

Overview of Fraport's Four Business Segments:

Aviation: Revenue in Fraport's Aviation business segment rose by
2.4 percent to E189.4 million in the first three months of 2014.
This gain was primarily driven by Frankfurt Airport's passenger
growth as well as an increase in airport charges by an average of 2.9
percent (effective January 1, 2014). On the expense side, the
Aviation segment registered a significant year-on-year reduction in
costs for Fraport's Winter Services, due to the relatively mild
winter weather at FRA. Higher revenue and lower expenses resulted in
the segment EBITDA soaring by 56.2 percent to E30.3 million. With
amortization and depreciation remaining almost level, segment EBIT
grew by E11.0 million to E1.6 million year-on-year.

Retail & Real Estate: With E106.5 million, revenue in the Retail &
Real Estate business segment declined in the first quarter of 2014 by
1.1 percent compared to the same period last year. Revenue dropped
in the Real Estate sub-segment because of lower proceeds from energy
and utility services, due to the milder winter. In contrast, the
Retail sub-segment generated lower revenue mainly because of fewer
passenger on some intercontinental routes. Compared to travelers
flying on European routes, intercontinental passengers spend on
average much more on purchasing goods and services while at the
airport. Correspondingly, the key performance indicator "net retail
revenue per passenger" slipped by 1.3 percent to E3.69. Despite lower
revenue, segment EBITDA rose by 2.5 percent or E2 million to E82.4
million, resulting mainly from lower operating expenses for energy
supply and utility services. Segment EBIT reached E61.9 million, up
2.7 percent year-on-year.

Ground Handling: Revenue in Fraport's Ground Handling business
segment edged up by 0.5 percent to E148.7 million in the first
quarter of 2014, driven by higher passenger numbers and an increase
in airport charges. Despite a pay increase from collective wage
agreements, personnel expenses could be reduced in the first quarter
of 2014 through optimized deployment of staff. Due to higher revenue
and lower personnel expenses, segment EBITDA improved by E2.7
million, while remaining in negative territory, at minus E2.8
million. Improving by E2.9 million, segment EBIT also remained in
the red at minus E11.9 million.

External Activities & Services: Fraport's External Activities &
Services business segment registered a decline in revenue of E14
million or 15.7 percent to E75.1 million in the first quarter of
2014. In connection with the application of IFRIC 12 accounting
standards, segment revenue dropped by E15.5 million, solely due to
the lower recognition of capacitive capital expenditure, neutral on
earnings, in the Group's Twin Star and Lima companies. Without the
IFRIC 12 effect, underlying segment revenue rose to E72.7 million or
2.1 percent. The increase in revenue was largely driven by passenger
growth at Lima Airport, which compensated for the negative currency
effect from converting U.S. dollars to euros. Segment operating
expenses decreased primarily due to low capacitive capital
expenditure in the Twin Star and Lima Group subsidiaries. Despite
organic revenue growth, segment EBITDA declined by 9.6 percent to
E24.6 million - mainly due to non- recurring income gained in the
previous year by Fraport's IT services division at Frankfurt Airport.
At E9.6 million, segment EBIT declined by 31.9 percent compared to
the same period in 2013.

The Fraport Group Interim Report (January 1 to March 31, 2014) is
available for viewing and downloading via the following link:
http://www.fraport.com/content/fraport/en/investor-relations.html

For Further Information, Please Contact:
Fraport AG Frankfurt Airport Services Worldwide
Robert A. Payne, B.A.A. - International Spokesman and Head of
International Press/PR & External Activities Team, Press Office (UKM-
PS), Corporate Communications, 60547 Frankfurt, Germany; Tel.: +49
69.690.78547; E-mail: r.payne@fraport.de; Internet: www.fraport.com;
www.airportcarbonaccreditation.org