Fiscal Year 2015: Fraport Achieves Positive Result Despite Challenging Business Environment

Frankfurt (ots) - 61 Million Passengers Handled at FRA in 2015 -
Key Financial Figures Increase Significantly - Moderate Positive
Outlook for 2016

The Fraport Group closed fiscal year 2015 successfully with a 2.5
percent rise in passenger traffic - serving 61 million at its
Frankfurt Airport (FRA) home base - as well as a significant increase
in its key financial figures. Group revenue climbed 8.4 percent
year-on-year to EUR2.58 billion (adjusted for IFRIC 12). The Group's
operating profit (EBITDA) increased by 7.4 percent to EUR848.8
million, while EBIT climbed by 7.8 percent to EUR520.5 million. The
Group result advanced significantly by 18.0 percent to EUR297
million. Operating cash flow also climbed by 28.8 percent to EUR652.2
million, while free cash flow soared even higher by 59.5 percent to
EUR393.6 million. After an increase in the dividend for fiscal year
2014, a dividend proposal at the previous year's level of EUR1.35 per
share will be made to the Annual General Meeting this year. This
corresponds to a dividend payout ratio of 45.1 percent of the Group
result attributable to shareholders.

The positive business performance was mainly due to passenger
growth at Frankfurt Airport, combined with considerably higher retail
and parking revenues. Net retail income per passenger was up EUR0.19
or 5.5 percent year-on-year, rising to EUR3.62 in 2015. Also Fraport
AG's global activities outside Frankfurt largely contributed to the
noticeable increase in the Group's financial result. This was
attributable to the first-time full consolidation of the two new
Group subsidiaries, AMU Holding (U.S.A.) and Aerodrom Ljubljana
(Slovenia), which had been acquired during the year 2014, as well as
the ongoing excellent performance of the Group's Lima Airport
subsidiary (Peru), which was additionally boosted by the relative
weakness of the euro against the U.S. dollar.

The ground-breaking ceremony for the future Terminal 3 at
Frankfurt Airport and the signing of the concession contracts for the
operation of 14 regional airports in Greece represented significant
events in the past year. Fraport AG's executive board chairman, Dr.
Stefan Schulte, said: "The start of construction of the third
terminal is an important step towards securing the future viability
and competitiveness of Frankfurt Airport in the long term. In Greece,
we can make a significant contribution to thriving tourism and
additional jobs thanks to our expertise in the development and
management of airports. Therefore, we are convinced that by taking
over the operation of the Greek airports we are creating a win-win
situation both for Greece and Fraport."

CEO Schulte is satisfied with the Group's overall performance in
the past fiscal year, but expects "stormier seas" in 2016: "In 2015,
we achieved a significant improvement in our key financial figures
and cash resources, and thus also in the net-debt-to-equity ratio in
our balance sheet. What matters now, however, is the outlook for the
future and this is currently characterized by restrained holiday
bookings in Germany and significantly declining passenger figures in
Turkey as a result of the recent terrorist attacks."

In view of these uncertainties, Fraport anticipates an increase in
passenger traffic at Frankfurt Airport of between 1 and 3 percent in
fiscal year 2016. The Group's operating indicators, EBITDA and EBIT,
are expected to be in a range between slightly above the 2015 level
and up to EUR30 million higher. Revenue is anticipated to reach up to
EUR2.65 billion, while the Group result is expected to be at or
slightly above the level of fiscal year 2015. This will depend, in
particular, on how the situation develops at the Group's Turkish
airport in Antalya. The forecast does not take into account the
closing of the transaction for the operation of the regional airports
in Greece.

Fraport's international portfolio of airports displayed varying
traffic results in 2015. While the airports of Ljubljana (LJU) in
Slovenia, Lima (LIM) in Peru, Hanover (HAJ) in northern Germany, and
Xi'an (XIY) in central China posted positive growth, the Bulgarian
Twin Star airports in Varna (VAR) and Burgas (BOJ) combined, and the
airports of Antalya (AYT) in Turkey and St. Petersburg (LED) in
Russia recorded decreasing passenger numbers, partly reflecting the
political situation in Russia.

Weak global trade and economic difficulties in some industrialized
and emerging markets contributed to a 2.6 percent decline in cargo
volumes, with 2.1 million metric tons handled at FRA during the
reporting period.

Fraport's Four Business Segments:

Aviation: Revenue in the Aviation business segment increased by
4.9 percent to EUR927.3 million, due to passenger growth at Frankfurt
Airport and an increase in airport charges. Despite the rise in
revenue and higher income from reversals of provisions, segment
EBITDA remained at the previous year's level, reaching EUR237.5
million (up 0.3 percent). Segment EBITDA was impacted by a
significant rise in expenses due to higher personnel costs and the
recognition of a provision for transitional pensions for Airport Fire
Department employees. Segment EBIT improved to EUR116.3 million - a
slight increase of 0.7 percent.

Retail & Real Estate: The Retail & Real Estate business segment
posted a significant increase in revenue of EUR32.5 million (or 7.1
percent) to EUR488.2 million in fiscal year 2015, boosted by
additional income in the retail business as a result of higher
passenger numbers. In particular, the high share of intercontinental
passengers, who tend to spend more while at the airport, had a
positive effect on revenue. Other reasons included the depreciation
of the euro in relation to other international currencies, income
from leasing and parking, and the sale of property in the Mönchhof
Logistics Park. Segment EBITDA increased to EUR378.8 million (up 6.3
percent) as a result of higher income, while EBIT grew by 7.3 percent
to EUR295.1 million.

Ground Handling: At EUR673.1 million, revenue in the Ground
Handling business segment was up 2.6 percent or EUR16.9 million
compared to the previous year. Higher passenger numbers, a rise in
maximum take-off weights and the increase in infrastructure charges
were the main factors behind this growth, which in turn contributed
to an increase in segment EBITDA to EUR46.4 million (up 4.7 percent).
The decline in EBIT to EUR6.0 million (down 20.0 percent) is partly
due to the sale of an equity interest in FCS Frankfurt Cargo Services
GmbH.

External Activities & Services: Adjusted for recognizing
earnings-neutral capacity investments in connection with the
application of IFRIC 12, revenue in the External Activities &
Services business segment climbed by 27.7 percent to EUR495.2
million. Reasons included passenger growth at Lima Airport, the
first-time consolidation of the two new Group companies AMU Holdings
and Aerodrom Ljubljana (acquired during the year 2014), and the
currency translation of revenues gained at the Lima Airport
subsidiary from U.S. dollars into the Group's standard currency
(euro). Segment EBITDA rose significantly by 22.1 percent to EUR186.1
million, while segment EBIT also exceeded the previous year's level,
rising to EUR103.1 million (up 21.6 percent).

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