Fraport Interim Report - First Quarter 2016: Fraport Starts Off the Year with Mixed Financial Results

Frankfurt (ots) - Challenging Business Environment Persists - Most
of the Group's Airports Report Traffic Growth

In the first quarter of 2016, some 13 million passengers passed
through Frankfurt Airport (FRA), representing an increase of 3.3
percent year-on-year. On the back of that growth, Fraport achieved
higher revenue from airport and infrastructure charges as well as
from aircraft handling. Simultaneously, net retail revenue per
passenger declined from EUR3.93 to EUR3.62 on the previous year. One
reason was the non-recurrence of particularly high income gained in
the first quarter of 2015, when the cap on the Swiss franc's euro
exchange rate was removed. Other reasons included a changed
passenger structure and a decline in the average retail spending of
Chinese and Russian passengers, reflecting the loss of purchasing
power of their respective currencies.

Outside Frankfurt, the Group's subsidiaries - particularly in Lima
and Ljubljana as well as Twin Star and AMU Holdings Inc. -
contributed positively to Fraport's overall revenue performance.
While the airports in Ljubljana (Slovenia), Varna and Burgas
(Bulgaria), Xi'an (China), Hanover (Germany), and Lima (Peru)
partially recorded strong traffic growth, passenger figures at the
airports in Antalya (Turkey) and St. Petersburg (Russia) declined in
line with expectations.

Adjusted Group revenue rose by EUR14.7 million (up 2.6 percent) to
EUR572.5 million in the first quarter of 2016. The Group's operating
result or EBITDA (earnings before interest, tax, depreciation and
amortization) declined by 4.9 percent to EUR145.6 million in the
first quarter, due to higher expenditure resulting from, among other
things, collective wage agreements and non-capitalizable investments
made at FRA. In contrast, the Group's financial result improved from
minus EUR56.4 million to minus EUR42.5 million, due to lower interest
expenses and lower losses related to currency exchange rates. This
led to an overall positive performance of the Group result, soaring
by EUR4.5 million (or 42.5 percent) to EUR15.1 million year-on-year.
Correspondingly, earnings per share rose by EUR0.05 to EUR0.16 - an
increase of 45.5 percent.

With operating cash flow on the decline, free cash flow - while
remaining in positive territory - also shrank by 30.7 percent, from
EUR65.2 million in the previous year to EUR45.2 million in the first
quarter of 2016. Net financial liabilities amounted to approximately
EUR2.75 billion in the first quarter, while the gearing ratio reached
82.8 percent (compared to EUR2.77 billion and 83.8 percent
respectively as of December 31, 2015).

In view of the results achieved in the first quarter of 2016,
Fraport AG's executive board is maintaining its outlook for the
Group's asset, financial, and earnings position in business year
2016. However, executive board chairman Dr. Stefan Schulte pointed
out that the year 2016 will bring about a number of challenges for
the aviation industry and thus also for Fraport AG: "Metaphorically
speaking, we are currently maneuvering in a stormy sea. The
geopolitical situation is impacting air traffic in Russia and Turkey
- where we hold major airport investments - and tourism flows in
general. The summer season will show the direction in which our
business will develop in 2016."

Fraport AG's interim report for the first quarter of 2016 is
available via our corporate website (www.frankfurt-airport.com/en),
under Investor Relations.

Contact:
Fraport AG
Christopher Holschier
Corporate Communications
Press Office
60547 Frankfurt, Germany
Telephone: +49 69 690-70553
E-mail: c.holschier@fraport.de
Internet: www.fraport.com
Facebook: www.facebook.com/FrankfurtAirport