Fraport Interim Report - Nine Months 2015: Financial and Traffic Results Exceed Expectations

Frankfurt (ots) - 2015 Full-Year Outlook Revised Upwards - Net
Retail Revenue per Passenger Rises - Fraport Group's International
Business Achieves Overall Positive Performance

In the first three quarters of the 2015 business year, Fraport
AG's Group revenue grew markedly, rising by 9.4 percent to EUR1.96
billion year-on-year (adjusted by IFRIC 12). The Group's operating
result or EBITDA (earnings before interest, tax, depreciation and
amortization) recorded double-digit growth of 10.8 percent to
EUR688.5 million, while the Group result also climbed significantly
by 19.1 percent to EUR261.5 million. Operating cash flow advanced to
EUR525 million, a 28.4 percent rise compared to the same period in
2014. Free cash flow posted an even higher gain of 65.1 percent to
EUR389.4 million.

Revenue growth was largely driven by strong passenger demand, as
well as positive retail development at Frankfurt Airport (FRA) and
the Group's international business. FRA's net retail revenue per
passenger continued to improve noticeably year-on-year, from EUR3.27
to EUR3.49 per passenger. From January to September 2015, Frankfurt
Airport welcomed a total of 47.3 million passengers - an increase of
3.6 percent, despite a number of strike and weather-related flight
cancellations. FRA exceeded the 200,000 passenger-per-day mark on 58
days in the year to date - even registering a new daily passenger
record on August 2, when some 217,500 passengers passed through
Germany's gateway to the world. Frankfurt's cargo volume (airfreight
+ airmail, excluding transit cargo) decreased by 2.4 percent to about
1.56 million metric tons, mainly reflecting the overall weak global
trade environment and a slowdown in emerging economies.

Commenting on the Group's positive performance during the first
three quarters of 2015, Fraport's executive board chairman Dr. Stefan
Schulte said: "With the trend of the first half continuing in the
third quarter, both our traffic and key financial figures have
developed positively in the year to date. Consequently, we have
revised our outlook upwards for the entire 2015 business year."
Fraport now expects passenger traffic at FRA to grow by around three
to four percent year-on-year, compared to the company's previous
growth forecast of two to three percent. Furthermore, Fraport's
executive board now expects Group EBITDA to range from some EUR840
million to EUR850 million and Group EBIT to range from about EUR520
million to EUR530 million. The Group result is forecast to reach a
level of about EUR275 million to EUR295 million for the full year.

Overall, Fraport AG's international portfolio achieved positive
performance in the first three quarters of 2015, despite varying
traffic results across the Group's airports outside of Frankfurt.
The airports of Ljubljana (LJU) in Slovenia, Lima (LIM) in Peru,
Hanover (HAJ) in northern Germany, and Xi'an (XIY) in central China
achieved gains in passenger figures in the year to date. In
contrast, the airports of Burgas (BOJ) and Varna (VAR) in Bulgaria,
Antalya (AYT) in Turkey, and St. Petersburg (LED) in Russia
experienced declining passenger volumes.

Overview of Fraport's Four Business Segments:

Aviation: Revenue in the Aviation business segment rose by five
percent to EUR706.9 million in the first nine months, spurred by
passenger growth at Frankfurt Airport as well as increased revenue
from airport charges. Segment EBITDA grew only slightly by two
percent to EUR201.7 million, as a result of higher personnel expenses
and non-staff costs compared to lower other operational income. Also
rising only moderately by 1.8 percent, segment EBIT reached EUR111.9
million in the first three quarters of 2015.

Retail & Real Estate: Fraport's Retail & Real Estate business
segment saw revenue advance significantly during the reporting
period, up by 6.5 percent to EUR356.8 million. The growth in revenue
can be attributed to higher passenger traffic at FRA and, in
particular, to the large number of intercontinental passengers making
above-average purchases at FRA's shops and restaurants. In addition,
the devaluation of the euro compared to many international currencies
also helped boost passenger spending at Frankfurt Airport. Segment
EBITDA expanded by 8.3 percent to EUR286.1 million, while segment
EBIT soared by 10.7 percent to EUR223.7 million compared to the
previous year.

Ground Handling: Driven by higher passenger traffic and a rise in
maximum takeoff weights (MTOW), as well as an increase in
infrastructure charges, revenue in the Ground Handling business
segment grew by 4.4 percent to EUR517.8 million in the first nine
months of 2015. Higher personnel expenses and lower other operating
income could not curb the growth in segment EBITDA, which rose by
15.1 percent to EUR40.5 million. Segment EBIT also improved, albeit
at a low level, growing by 34.7 percent to EUR9.7 million.

External Activities & Services: Revenue in Fraport AG's External
Activities & Services business segment advanced by 31.9 percent to
EUR385.8 million in the reporting period. Adjusted for recognizing
earnings-neutral "capacitative" capital expenditure in connection
with the application of the IFRIC 12 accounting standards, the
segment's revenue grew by 31.7 percent to EUR375.6 million. Reasons
contributing to the segment's satisfying performance included strong
passenger growth at Lima Airport and higher revenues achieved at the
Group's newly acquired subsidiaries: AMU Holdings Inc. in the U.S.
and Aerodrom Ljubljana in Slovenia. The conversion of revenues gained
at the Lima Airport subsidiary, from U.S. dollars into the Group's
standard currency (euros), also had a positive effect. Segment
EBITDA jumped by 28.9 percent to EUR160.2 million, while segment EBIT
also grew similarly by 28.2 percent to EUR98.6 million for the
nine-month reporting period.

Print-quality photos of Fraport AG and Frankfurt Airport are
available for free downloading via the photo library located in our
Press Center on the Fraport Web site. For TV news and information
broadcasting purposes only, we also offer free footage material for
downloading.

Fraport AG - which ranks among the world's leading companies in
the global airport business - offers a full range of integrated
airport management services and boasts subsidiaries and investments
on four continents. In 2014, the Fraport Group generated sales of
EUR2.4 billion and profit of about EUR252 million. Last year more
than 108.5 million passengers used airports around the world in which
Fraport has more than a 50 percent stake.

At its Frankfurt Airport (FRA) home base, Fraport welcomed about
60 million passengers and handled some 2.2 million metric tons of
cargo (airfreight and airmail) in 2014. For the current winter
timetable, FRA is served by 88 passenger airlines flying to 247
destinations in 100 countries worldwide. More than half of FRA's
destinations are intercontinental (beyond Europe) - underscoring
Frankfurt's role as a leading hub in the global air transportation
system. In Europe, Frankfurt Airport ranks first in terms of cargo
tonnage and is the third-busiest for passenger traffic. With about
55 percent of all passengers using Frankfurt as a connecting hub, FRA
also has the highest transfer rate among the major European hubs.

Frankfurt Airport City has become Germany's largest job complex at
a single location, employing more than 80,000 people at some 500
companies and organizations on site. Major new real estate
developments - such as The Squaire, the Gateway Gardens business
park, and the Mönchhof Logistics Park - are creating an exciting new
dimension and range of services at the evolving Frankfurt Airport
City of the 21st century.

Almost half of Germany's population lives within a 200-kilometer
radius of the FRA intermodal travel hub - the largest airport
catchment area in Europe. FRA Airport City also serves as a magnet
for other companies located throughout the economically vital
Frankfurt/Rhine-Main-Neckar region. Thanks to synergies associated
with the region's dynamic industries, networked expertise, and
outstanding intermodal transportation infrastructure, FRA's world
route network enables Hesse's and Germany's export-oriented
businesses to flourish in global growth markets.

Frankfurt Airport meets the increasing needs of the
export-oriented economies of the State of Hesse as well as Germany as
a whole, for optimal connections to growth markets around the globe.
Likewise, FRA is a strategic gateway for companies wanting to access
the huge European marketplace. Thus, Frankfurt Airport - which is
strategically located in the heart of Europe - is one of the most
important hubs in the global logistics chain.

Contact:
Fraport AG
Robert A. Payne
International Spokesman
Press Office, Corp.Communications
60547 Frankfurt, Germany
Telephone: +49 69 690-78547
E-mail: r.payne@fraport.de
Internet: www.fraport.com
Facebook: www.facebook.com/FrankfurtAirport