Fraport Annual General Meeting 2016: Good Figures for Fiscal Year 2015

Frankfurt (ots) - Basis: Good Traffic Growth in Frankfurt -
Positive Contribution from External Business with Improved Financial
Results - Challenging Conditions for the Current Year

At the Annual General Meeting (AGM) held today at the
Jahrhunderthalle Frankfurt, Fraport AG's executive board chairman Dr.
Stefan Schulte explained to shareholders the progress achieved during
fiscal year 2015. His summarized Fraport's successful figures for
2015, which were in keeping with the company's expectations. Revenue
advanced noticeably by 8.5 percent to 2.6 billion euros. Climbing at
a similar rate of 7.4 percent, the Group's operating profit (EBITDA)
grew by almost 60 million euros to some 850 million euros. The Group
result increased at an even stronger rate of 18 percent, or 45
million euros, to reach a new record value of almost 300 million
euros.

The basis for the strong financial development at the Fraport's
home location in Frankfurt was the growth in passenger figures,
especially intercontinental traffic, as well as strong net retail
income per passenger, which jumped by 19 cents to 3.62 euros. Despite
diverging results at various locations, Fraport's external business
contributed positively to financial success in fiscal 2015. In
particular, results from the airports in Lima (LIM) and Ljubljana
(LJU), along with the U.S.-based Airmall retail subsidiary more than
compensated for the weak performance at Antalya (AYT) and St.
Petersburg (LED). The improved financial result also contributed to
good annual results in 2015, due to the low interest expenses in the
course of lower net debts and declining interest rates. Fraport's CEO
expressed his thanks to all the employees for their outstanding
contribution everyday of the year in serving passengers and airlines:
"They are making it possible for us to present such great results to
our shareholders", Schulte emphasized.

With a view towards future challenges, Schulte ellaborated on
Fraport's new mission statement. The new corporate slogan - "Gute
Reise! We make it happen" - redefines Fraport's role as an airport
manager. To meet the growing competion of international airports,
Fraport is focusing even more on the increasing and diverging needs
of customers. This includes consistently advancing service
initiatives launched in the last few years to make the passenger's
stay at Fraport airports even more pleasant and enjoyable. This is
also accompanied by intensified digitalization for managing the
airport and enhancing the customer experience. As one of the most
important examples Schulte mentioned is the new Frankfurt Airport
App, which features information and orientation help in various
languages, an online-shopping platform for products from the airport
shops, as well as a customer loyalty program.

Furthermore, the advanced development of Frankfurt Airport's
infrastructure still remains one of the most important tasks of
Fraport. Among the numerous measures, Schulte stressed that
construction of Terminal 3 is currently the most significant. The
construction activities are on schedule. Excavation work is finished
and further construction steps are being tendered or are already in
the planning stage. Moreover, Fraport wants to maintain and
strengthen its role as an international pioneer in the field of
aviation noise abatement. At Frankfurt Airport, the
"noise-intermission model" will move from the test phase into regular
operations. In addition, Fraport wants to emphasize the noise-related
component of airport charges.

Along with the Frankfurt home location, Fraport's international
business gained in importance during 2015. By the end of 2016,
Fraport expects to take over operations of 14 regional airports in
Greece. As a next step, the already-signed concession agreements for
the regional airports have to be ratified by the Greek parliament.
Schulte described this as a win-win project for both sides: "We have
presented our company and project plans, both of which have been well
received. We consider the Greek market, especially in terms of
tourism, still to be very attractive. The Closing for the Greek
regional airports is expected by the end of the year."

Schulte reported that the outlook for passenger growth has been
affected by a noticeable slowdown in travel bookings - above all for
vacation travel, which can be attributed partly to concerns about
terror attacks around the world. Fraport expects Frankfurt Airport's
passenger traffic to rise by one to three percent in 2016 - FRA's
80th anniversary year. Since the beginning of the year, the retail
business has been dampened by the revaluation of the euro and a
decline in passenger traffic to China, Russia and Vietnam.
Passengers traveling to these destinations contribute significantly
to Fraport's retail result. Schulte added that framework conditions
have become increasingly difficult - in other words, one has to sail
through rough seas now. Commenting on the outlook for the entire
year, Schulte said. "We must stretch farther in order to reach our
goals." Fraport expects the EBITDA to range slightly above the
previous year's level, up to 30-plus million euros. The Group result
is expected to equal or exceed the 2015 level. This will enable the
dividend recommendation for the 2016 fiscal year to remain stable.

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