Fraport Annual General Meeting: Annual Financial Statements Meet Expectations - Dividend Proposal Stable at EUR 1.25 per Share

Frankfurt (ots) -

Passenger Service and Required Expansion of Airport Infrastructure
Main Focus - Airport is Important Infrastructure Facility and Largest
Local Employer in Germany

During Fraport AG's 13th Annual General Meeting at the
Jahrhunderthalle in Frankfurt-Höchst, CEO Dr. Stefan Schulte reported
to the shareholders on the past financial year. In Frankfurt,
moderate growth in passenger figures (up 0.9%) and cargo volume (up
1.4%) was achieved. "Compared with Germany and Europe as a whole,
this puts us in a decent position, whereas real growth is currently
happening in other regions of the world," said Schulte. In air
transport, nations in the Middle and Far East showed much more
momentum last year with 10% and 7% growth in passenger numbers
respectively. Thanks to investment in airports such as Lima in Peru,
St. Petersburg in Russia, Xi'an in China, Antalya in Turkey and Varna
and Burgas in Bulgaria, the Fraport Group participated in the good
performance of international growth markets. In order to equip these
airports for future growth, Fraport has invested in new terminal
buildings in St. Petersburg, Varna und Burgas. The airport in Lima
has just been chosen by the renowned consultancy Skytrax as the best
airport in South America for the sixth time in a row. For the fourth
time, the employees there have been honored as the best airport staff
in South America.

The financial performance in 2013 met expectations: Adjusted
revenues climbed 3.4% - primarily due to the increase in airport
charges, higher retail and property revenues plus higher revenues
from international business. The Group's operating earnings (EBITDA)
grew at a somewhat greater rate than revenues at 3.7% thanks to an
intensive cost management. By contrast, consolidated earnings fell by
6.3%, as expected. This was due to a particularly high non-recurring
income in financial asset management in the previous year. However,
cash flow developed satisfactory, becoming positive again after many
years of high investments in airport infrastructure. The Executive
and Supervisory Board's dividend proposal is again EUR 1.25 per
share, which would maintain the dividend at a stable level since
2010.

Passenger service remains a priority. The "Great to have you
here!" program has long been a recognized hallmark of service quality
"made by Fraport," said Schulte, who continued: "The success proves
us right. 80% of our customers in Frankfurt comment positively on the
quality of our airport as well as the friendliness of our staff and
are satisfied with the services we offer." For example, last year
Skytrax singled out Frankfurt Airport among all airports worldwide as
the one making the greatest progress in terms of passenger comfort.
Continuation in this direction is the company's explicit goal. To do
so, Fraport also intends to deploy new technology consistently in
order to meet passengers' requirements for mobile information. A good
step in this direction was made recently with the relaunch of the
Frankfurt Airport app.

As well as playing host to international passengers, Schulte said
the airport also has another role to play - as the most important
infrastructure facility and largest local employer in Germany. The
increase in traffic is directly linked to an increase in the number
of employees at the airport, he said. Germany's largest air traffic
hub offers employment to around 78,000 people at 500 firms and
businesses at the airport. Together with the supplier and service
providers further up the value chain, the airport secures
approximately 116,000 jobs according to a recent study. This makes up
2.9% of all employees in Hesse, said Schulte, explaining the
airport's relevance to the labor market over a broad area. Its
importance for the German economy and its international trade
relations is also immense. No other airport in Europe has the
diversity of routes and destinations that can be reached from
Frankfurt. "German jobs depend to a great extent on the exporting
industries, and these in turn rely on good connections to the rest of
the world. These are concrete competitive advantages that secure our
prosperity here in Germany." This is also why it is important to
continue developing the airport infrastructure as required: Firstly,
to enable more companies to base their operations at the Airport City
site and, secondly, to address the issue of terminal capacity
expansion promptly before bottlenecks emerge, Schulte stressed.

In all decisions that Fraport makes, an eye is always kept on the
company's regional responsibility: "Together with our air transport
partners, we will continue to embrace all operationally realistic
opportunities for active and passive noise protection," said Schulte,
confirming the commitment to the airport's neighboring communities.

For the current year, Fraport expects passenger growth of 2% to 3%
in Frankfurt, while the position as Europe's largest freight airport
shall be maintained. Due to an amended accounting regulation, as of
January 1, 2014, the Group is no longer able to include joint
ventures proportionally in its consolidated accounting, which for
Fraport has a particular impact on the investment in Antalya Airport.
From now on, its earnings will be reported in the Group's financial
result, which will lead to a change in the figures reported in the
current financial year. Compared to the pro forma figures adjusted
retroactively for 2013, Fraport expects an increase in all financial
key figures in 2014. Consolidated revenues are expected to rise to up
to EUR 2.45 billion (pro forma 2013: EUR 2.378 million). Group EBITDA
is anticipated at somewhere between EUR 780 million and EUR 800
million (pro forma 2013: EUR 733 million), while Group EBIT is
expected to rise to up to around EUR 500 million (pro forma 2013: EUR
439 million). The Group result is not affected by the new accounting
standards and is expected to see a slight increase compared to fiscal
year 2013. Correspondingly, the dividend proposal is to be at least
at the level of the previous year.

For Further Information, Please Contact:
Fraport AG Frankfurt Airport Services Worldwide
Robert A. Payne - International Spokesman; Head of Intl. Press &
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