Fraport AGM: Well Positioned for the Future, Nationally and Internationally

Frankfurt (ots) -

New record highs for revenue and consolidated earnings / Proposed
dividend raised to EUR2.00 per share

Fraport AG's executive board chairman, Dr. Stefan Schulte, struck
a positive note at the company's Annual General Meeting (AGM) today:
"We can look back on a very successful 2018. Supported by strong
growth in passenger traffic at Frankfurt Airport and our
international locations, we achieved a new record high for revenue
and earnings. At the same time, we are laying the foundation for
further long-term growth with our extensive investments -
particularly in Frankfurt, Greece, Brazil and Peru."

Group revenue increased by 18.5 percent to almost EUR3.5 billion.
After adjusting for proceeds related to expansion investments for the
international Group companies (based on IFRIC 12), revenue rose by
7.8 percent to more than EUR3.1 billion. Group EBITDA increased by
12.5 percent to over EUR1.1 billion. Consolidated earnings climbed by
40.6 percent to about EUR506 million. This includes the EUR75.9
million earnings component resulting from the sale of Fraport's stake
in Flughafen Hannover-Langenhagen GmbH.

Because of Fraport's strong operating and financial performance,
the Supervisory Board and the Executive Board proposed a dividend of
EUR2.00 per share for fiscal year 2018 to the Annual General Meeting.
This represents an increase of 50 cents per share - up by one-third
compared to the previous year.

International Business Makes Key Contribution to Earnings

With a 36 percent share, the "International Activities & Services"
business segment, for the first time, accounted for the largest share
of EBITDA among the four business segments (adjusted for selling
Fraport's stake in Flughafen Hannover-Langenhagen GmbH). Passenger
traffic at most of the Group airports reached record levels.

Schulte: "Our strategy of expanding Fraport's international
business is bearing fruit. We will continue on this path. We are
maximizing growth and earnings potential around the world, while
giving our Group an even broader and stronger foundation for the
future."

Alone at Fraport's 14 Greek regional airports, five new passenger
terminals are currently being built. At both airports in Brazil,
expansion projects are scheduled to be completed by the end of this
year. In Peru, construction of the second runway is set to begin
during the second half of 2019, with work on the new terminal
starting the next year.

FRA: Important Milestone Reached with Terminal 3 Project

Fraport's expansion program at its Frankfurt Airport home base is
also progressing according to plan. Laying the cornerstone for the
new Terminal 3 recently marked a key milestone for Fraport. This
expansion is urgently needed: With some 69.5 million passengers
recorded last year, Frankfurt Airport welcomed more passengers than
ever before. The Pier G project at Terminal 3, which has been moved
forward, will be the first noticeable step to improving capacity
constraints in the terminals. Scheduled to be completed in 2021,
Pier G will provide capacity for some four to five million passengers
per year. From mid-July, the new extension to Area A of Terminal 1
will considerably improve congestion at the security controls, which
are heavily utilized especially on peak traffic days. Fraport's
extension building creates space for seven additional security lanes
which feature enhanced layout for faster and more efficient screening
procedures. Furthermore, the company is continuing to add staff.
Some 2,300 new hires are planned for this year, on top of about 3,000
new staff already recruited in 2018.

After a challenging 2018, which impacted the entire aviation
industry, Frankfurt Airport successful met the first endurance test
of 2019 during the Easter holiday rush. Schulte said: "Some of the
measures that the various partners in aviation have implemented are
already helping to improve punctuality and reliability. However,
efficient reorganization of Europe's heavily utilized airspace is
still required."

Outlook for 2019 Confirmed

Fraport is continuing to forecast sustained growth throughout its
entire portfolio for the 2019 fiscal year. Passenger traffic at
Frankfurt Airport is forecast to rise between about two percent and
three percent - noticeably more moderate than in the previous two
years. Fraport expects a light increase in consolidated revenue to
about EUR3.2 billion (adjusted for IFRIC 12). Group EBITDA is
forecast to be in the approximate range of EUR1,160 million to
EUR1,195 million, despite the revenue loss resulting from the sale of
Fraport's stake in Flughafen Hannover-Langenhagen GmbH. The
application of the IFRS 16 accounting standard - which changes the
accounting rules for leases - will not only make a positive
contribution to Group EBITDA, but will also lead to much higher
depreciation and amortization in the 2019 fiscal year. As a result,
Fraport expects Group EBIT to be in the range of about EUR685 million
to around EUR725 million. The company also expects to post
consolidated earnings between about EUR420 million to around EUR460
million. The dividend per share should remain stable at the higher
level of EUR2 for the 2019 fiscal year.

For further information about Fraport AG please click here:
http://ots.de/7L590

Contact:
Fraport AG
Alexander Zell
Corporate Communications
Media Relations
60547 Frankfurt, Germany
Telephone +49 69 690-70555
E-mail: a.zell@fraport.de
Facebook: www.facebook.com/FrankfurtAirport

Original-Content von: Fraport AG, übermittelt durch news aktuell